Swiss AI is in the final of the Elevator Pitch Competition
Swiss AI has made it to the 50 finalists of the global Elevator Pitch Competition in Hong Kong. On 28 April, they will present their ideas to compete for up to $5 million from the organising science park's fund and support to expand across Asia.
Swiss AI has been nominated for the Elevator Pitch Competition(EPiC) 2023 in Hong Kong. The Zug-based start-up is one of 24 finalists in the Proptechs category, according to a statement from the organiser, the Hong Kong Science and Technology Parks Corporation(HKSTP). Another 26 finalists were named in the Fintechs category. The 50 young companies were selected from 618 applications from 55 countries.
Swiss AI uses optimisation algorithms to help multinational companies and other clientele from around the world plan their investment decisions. A digital twin combines the financial, technical, environmental and quality of life impacts of planning to enable informed decision-making. Swiss AI is about “promoting sustainable societal change in terms of energy, mobility and urbanisation while creating investment opportunities around the world”. The company is based in Zug and the development department is in Zurich.
The EPiC finale will take place on 28 April at Hong Kong’s tallest building, the International Commerce Centre. The centrepiece of the event is a 60-second lift ride during which participants present their business model.
According to the announcement, EpiC, with the Science Park’s network of more than 1,000 investors and 300 corporate partners, offers “the best platform available for start-ups” to achieve “real business success”. All 50 finalists would have the chance to be considered for direct investments of up to $5 million from the HKSOP Venture Fund and receive support for market expansion across Asia. In addition, the overall winner will receive $90,000.