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Seedstars Ulaanabaatar for the third time

August 22, 2019

The largest startup competition among developing countries, Seedstars World is soon to be held for the third time in Ulaanbaatar. In this competition, entrepreneurs and business owners present their startup businesses to investors. The 1st round winner from their country advances to Seedstars regional summit, and one winner advances to Seedstars Global Summit in Switzerland to compete with other regional winners to win USD 500,000 in equity investment. Annually 300 to 400 investors visit the Global Summit, which gives great opportunities for entrepreneurs to get their businesses and services recognized by the guest investors. Here, the challenges met by developing countries are perceived as opportunities and technological startup companies mainly aim to develop technologies that can rise to those challenges. In our corporate social responsibility efforts, iTools JSC has sponsored Seedstars Ulaanbaatar for the second time with data center products and finances to support our promising youths in technological sector. Seedstars World is a highly significant competition as it provides opportunities for the youths of developing countries to stand on a world stage as technology based startup business is getting more and more competitive and investors are showing more interest in this sector. Forthwith, We wish great success for all the entrepreneurs and business owners.