Winners Announced in U.S. Round of Dongsheng/AC Bridge Global Entrepreneurship Competition
• New York, Massachusetts, Israeli companies named winners
• Top competitors advance to final round of pitching in Beijing
• Ten finalists competed in U.S. round in Arlington
ARLINGTON, Va. – A Buffalo-based startup focused on creating devices to help global health, an optical materials company looking to control the direction of light and an Israeli company looking to reduce the use of sprayed pesticides were all named winners in today’s U.S. round of the Dongsheng/AC Bridge Global Entrepreneurship Competition from investment and advisory services company Dao Ventures. The competition was hosted by Arlington Economic Development, which was the only United States host for the global competition. A total of ten finalists pitched their products and services out of nearly 50 applicants.
Taking first prize of $10,000 was Disease Diagnostic Group
of Buffalo, NY, a startup focused on screening, tracking and diagnosing highly infectious and neglected tropical diseases that have transmission issues in the developing world through portable and reusable devices with the mission of creating a paradigm shift in critical diagnostics from traditional tests to intuitive and sensitive devices.
LUX Labs of Cambridge, MA took home the second place trophy and prize of $5,000. LUX labs is an advanced optical materials company which has invented the only material system that is able to control the direction of light. Its patented nano-material technology enhances displays of electronic devices, dynamically regulate the optics of vehicles and buildings, and improve the efficiency of LEDs and solar cells.
Coming in third place and earning a $2,000 prize was Israeli-based Biofeed
, which has developed a disruptive technology platform designed to extensively reduce and possibly eliminate the use of sprayed pesticides in the world. This is Biofeed’s second time participating in the Dongsheng competition, having taken part in Arlington’s event last year.
“The companies represented during this competition ranged from medical technology to educational platforms and clean tech,” said Victor Hoskins, director of Arlington Economic Development. “The innovation shown by all of the entrepreneurs here today is simply incredible, and we are privileged to showcase the truly remarkable entrepreneurial enterprises being developed here and further enhance the global market opportunities between Arlington and the Chinese market.”
“Through this competition we’ve seen that there are a lot of solid technology companies in Arlington and the greater Washington region,” said Tao Zhang of Dao Ventures. “We are looking forward to hosting more of these competitions in coming years in collaboration with Arlington Economic Development.”
The top two companies from this round of competition will travel to Dongsheng Science and Technology Park in Beijing, located at Zhongguancun, China’s equivalent of Silicon Valley, where they will compete against other finalists from around the world for a grand prize of $160,000 in funding for their business. Participants in this round of the global competition represented early/seed-stage and growth stage technology companies from around the globe, with competitors from seven U.S. states and two international countries.
Arlington Economic Development
Arlington Economic Development (AED), part of Arlington County Government, is dedicated to the preservation and enhancement of an economically competitive and sustainable community, and the creation of exciting, diverse and amenity-rich places. AED provides visionary leadership and superior services to Arlington’s business and arts community, its tourism industry and its real estate development.