CargoX wins the IRU World Congress Startup competition among 77 competitors
Friday, November 16, 2018
CargoX won the IRU World Congress Startup competition among 77 competitors, impressing more than 1000 attendees from over 60 countries. The IRU organization is constituted of more than 100 national transport associations and transport operators. Igor Jakomin, Ph.D., COO of CargoX, pitched the CargoX platform to a jury of venture capitalists, business professionals, and industry experts.
In the beginning of the year CargoX began with the development of their own platform for easy, safe and fast electronic transfer of documents using blockchain technology. COO of the company dr. Igor Jakomin presented the platform in front of a panel of investors and traffic and business experts. The competition was organized by the Road Ventures SA, a venture fund active in the field of mobility and transport.
The startup competition was organised by Road Ventures SA, a Captive Venture Capital Fund that supports innovation in mobility. The competition was dedicated to launching and advising the world’s next wave of leading entrepreneurs. Six finalists had the opportunity to face the judges in Oman during the IRU World Congress this week, culminating in a live pitching session during the final plenary, when the jury awarded the USD 100,000 direct investment prize to CargoX and Zeleros Hyperloop.
Patrice Crisiniel Road Ventures Managing Director, said, “This has been a tough decision for the jury, as we had six strong finalists. But we are delighted to be able to select two winners today. CargoX and Zeleros are both great examples of the ways in which technology can be used to drive improvements and efficiency within the transport and logistics industry.” CargoX and Zeleros split the prize of USD 100,000 in equity investment and the opportunity to gain visibility with venture capital firms, angel investors, press and media.
Read more about the startup CargoX on their webpage.