After three elimination rounds, three teams make it to the final round, where they give their best pitches to a panel of expert judges and a live audience. The judges for this year’s final competition were Katerina Msafari, Founder Success Lead at Tribe Network and COO of Adrigo Insights; Mike Rothenburg, Economic Development Officer at ACOA; and Bethany Deshpande, Founder of SomaDetect and business and leadership coach.
Rothenberg praised the high calibre of the pitches, saying, “The three pitches today were truly impressive, showcasing high-calibre and innovative business ideas. The presentations were polished and well-structured, highlighting each team's vision for growth and development.”
Deshpande seconds his comments and reflects, “The decision-making process was incredibly difficult, as each team demonstrated a deep understanding of their market and a compelling vision for the future. It was a pleasure to witness their hard work and dedication come to fruition."
The Sociable team will use the $10,000 towards completing their UX design, as well as legal fees, marketing and cloud storage.
A Diverse Field of Innovators
Beyond Sociable, the competition featured a diverse range of innovative ideas. One of the finalists, Alaagi, a startup presented by Sheheryar Khan (BSc and Dip. Chemical Engineering), S M Sourav Rabbi (BComm, Finance and I.T.), and Rida Naqvi (BA, Psychology and Entrepreneurship), addresses environmental concerns by developing innovative, biodegradable bioplastics derived from seaweed.
Another finalist, Bean, an AI-powered food assistant, impressed the judges with its potential to revolutionize meal planning and reduce food waste. The Bean team, consisting of Vaishali Sachdeva (BA, Entrepreneurship), Varshitha Venkatesh (BSc, Computer Science), and Anushka Kalantri (BComm, Accounting and Finance), garnered significant audience support, earning them the “People’s Choice” award and a $1,000 prize.