The last Sunday, April, 17th closed the call for CITES Ideas – MVP Program 2016, the program that the Center for Technological, Business and Social Innovation (CITES) launched with the aim of transforming ideas into MVPs (Minimum Viable Projects) within an acceleration program of three months.
The interest technological areas were IoT, Cybersecurity/Criptography, 3D printing, Cloud computing and AI/Machine learning/Expert Systems. In this sense, the participating projects, preferably, should have application in any of the following fields: Fintech/Banking, AgroTech, HealthTech, InsuranceTech and Data Analytics.
In CITES, we are convinced that current technological startups are the companies that will drive the future Argentina. Thus, we have promoted this program in which we have had an excellent answer: while the call was opened we received 122 projects from Argentina, Brazil, Peru, Canada, Colombia, Mexico, Uruguay, Chile and United States, among others.
From April, 18th, CITES started the process of assessment that will determine which projects are the winners, and which will receive financing of up to 20.000 dollars in an acceleration program of three months to develop a MVP, development of the strategy for protecting intellectual property with an agency of Israel, co-working space both in the Autonomous City of Buenos Aires and in Sunchales (Santa Fe province) and mentoring. Furthermore, the ones that are selected will participle from a Demo Day for the possibility of entering Cites Startups 2016, pre-incubation program of CITES, and of receiving an investment of 500.000 dollars.
On the other hand, during the process of the program, we carried out for the first time CITES Ideas – Coding Contest, a problem solving contest with prizes in cash. Every participant who correctly solved the described problems received a score according with the elegance of the mathematical and computing solution, as well as the efficiency in the use of memory and CPU for obtaining the answer. In this way, there were three winners who received $ 10.000, $ 5.000 and $ 3.000, respectively, while three other people received special mentions.