Vizag Fintech Festival to conduct the finale of the million dollar challenge

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The Vizag financial tech festival, which will be going to be conducted from 22 of October to 26th of October, will have around 40 startups representing more than 12 countries. These startups are going to pitch their latest innovative ideas at the $1 million startup challenge grand finale.

Funding and full support will be provided to startups to help them establish their ventures in Visakhapatnam and a few other states in the latest emerging technologies.

The Andhra Pradesh government is organizing the festival in collaboration with the DCF ventures and BozOfIT. The startups for the final round were selected after a challenge during the roadshows which were held in San Francisco, Chicago, New York, Tel Aviv, London, Paris, Hong Kong, and Bengaluru. These roadshows were held in financial technology, agriculture technology, and emerge tech.

In total, 14 startups were selected from the Fintech category, whereas 15 and 11 startups were selected from the emerge tech and agri tech categories.

“We are very excited for hosting such a big event in which around 2,000 delegates from 15 countries are likely to take part, apart from stakeholders from insurance, banking, and emerging financial technologies,” J.A. Chowdary, Special Chief Secretary and IT Advisor to Chief Minister, told in a report.

Sophia, the first humanoid robot is going to get its citizenship from Saudi Arabia, and she will be going to visit Andhra Pradesh for the first time.

Source: Techstory

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