The Startup World Cup Mongolia, held on July 2, 2024, at National IT Park Mongolia, marked a significant milestone in the country's entrepreneurial landscape. Organized in collaboration with Exponential Zaisan Partners, Pegasus Tech Ventures, and Nomadic Minds, this second edition showcased a prestigious lineup of judges and top 10 finalists, aiming to highlight and support the most promising startups in the region.

Top 10 Finalists

1. After School: A platform promoting self-development through extracurricular activities for students, boasting 27,000+ users and 10,000+ course attendances.
2. Airee: Innovating biodegradable air filtration technology, leveraging locally sourced natural fibers to combat indoor pollutants.
3. Neolingo: A language learning app using a unique 5-block puzzle system, with 30K users and $350K in revenue.
4. Nomadic Bear Games: An indie game studio with over 50 million downloads globally, focusing on casual game development and innovation.
5. ONDO Space: Pioneering connectivity solutions through a LEO satellite constellation, with plans for 176 satellites by 2026.
6. Oneplace.hr: An AI-enhanced people analytics platform using game-based surveys to improve HR processes and metrics.
7. Systems Engineering Mongolia (SEM): Transforming urban mobility with smart parking management and advanced EV charging solutions, surpassing $1 million in sales.
8. Smart Contract Mongolia: Specializing in blockchain-based digital contract solutions with their product, E-Geree.
9. STS Foods: A health-focused food manufacturing company utilizing animal bones to create nutritious products.
10. Tok Tok LLC: Mongolia's leading food aggregator delivery platform with over 500,000 users and more than 1 million app downloads.

Winning Startups

• 1st Place: ONDO Space
• 2nd Place: SEM
• 3rd Place: Smart Contract

The standout winner, ONDO Space, will advance to the Startup World Cup Grand Finale in San Francisco on October 4, 2024, competing with over 100 global finalists for a $1,000,000 investment prize.

Exponential Zaisan Partners, an early-stage fund supported by prominent investors like Tim Draper, played a crucial role in organizing the event. This fund has been instrumental in introducing various startup initiatives in the region, including the Founder Institute, the Startup World Cup from Silicon Valley, the MonJa accelerator program, and the Mongolian Angel Investment Club.

The Startup World Cup Mongolia has marked a significant advancement in the region's startup ecosystem, signaling a promising trajectory for continued growth and success in this vibrant and innovative community.

Resource: xzp.fund