DTAC Accelerate's five finalist teams announced

Tech June 03, 2014 00:00

By The Nation

6,881 Viewed

Total Access Communication has announced the five finalist teams who will attend the intensive boot camp under the DTAC Accelerate programme. They are Anywheretoclaim, FastinFlow, Piggipo, Drivebot, and Storylog.

DTAC will hold a workshop and invite world-class experts to mentor the participants intensively throughout the 90-day boot camp, preparing them for Demo Day in August.
Andrew Kvalseth, DTAC senior vice president for corporate strategy and business innovation, said the five finalist teams all stood out with their innovative and useful applications, strong information-technology expertise, and business models and marketing plans that were practical and suitable to the Thai market. Some of them even plan to expand to international markets. 
Three of the five teams are from the Acceleration track. They ar Anywheretoclaim, FastinFlow, and Piggipo.
Anywheretoclaim is an application that helps shorten the auto-insurance claim process, including investigation, fault or no-fault claims, and accident reporting. 
FastinFlow is a consumer research platform that allows marketers to get consumer insights within five minutes and provides analysis of thousands of survey samples within one day. 
Piggipo is a credit-card-management application that helps users manage and track their credit-card spending and payment-due dates to prevent the overuse of credit cards.
The other two finalists are from the Incubation track. Drivebot is a Fitbit for cars that pairs with smartphones and helps reduce maintenance time and costs and fuel consumption. It helps car owners to maintain and extend the life of their cars and save maintenance and repair costs. Storylog is a social entertainment platform that allows users to share their stories, either when they feel impressed, happy, sad, lonely, touched, or inspired.
DTAC says it is committed to providing the five finalist teams with expertise and resources, including co-working space inside DTAC House and a workshop that features more than 14 mentors from the start-up community. These include Bill Reichert, co-founder along with Guy Kawasaki of Garage Technology Ventures; Jeffrey Paine, co-founder of Golden Gate Ventures; Nir Eyal, author of “Hooked”, a book that describes four steps to build customer habits; and Neil Patel, founder of KissMetrics, one of the top 10 online marketers. 
The finalists will receive an initial investment of between Bt500,000 and Bt1,500,000 each and attend the workshop that features a team of mentors from Silicon Valley and within this region.
The participants will have the opportunity to pitch their products to leading venture capitalists from Asia and worldwide and receive legal and financial training and consultations from leading consulting firm PricewaterhouseCoopers. 
The winning team will participate in a two-week Blackbox Connect programme in Silicon Valley and pitch their product to venture capitalists in Singapore and Japan. 
They will receive valuable experience and learn necessary skills and knowledge to become a successful start-up. 
DTAC will also provide marketing support and help the finalists access DTAC’s customers and more than 150 million customers of Telenor Group. 
The judging panel will be formed by several world-class experts. DTAC will announce the winner on Demo Day in August.