PALinnO, a new initiative in Palestine designed to connect local startups to Silicon Valley mentors, has announced the winners of its recent "Silicon Valley Investor Pitch" event, held in Nablus on August 20th.
In partnership with US Market Access Center (USMAC), GDG Nablus, and An-Najah National University, the program hosted six startups, which pitched to Chris Burry, co-founder Avanade, a Microsoft-focused tech consultancy, Allan Young, the owner of Runway, one of San Francisco's largest coworking and incubation spaces, Tom Cervantes, the founder of Harvard Angels and Golden Gate Angels, and Alfredo Coppola, President and Executive Director at USMAC.
The six startups who made the initial cut included:
an SMS services company that links people with jobs and
connects aid agencies with local communities
an online community and marketplace for craftsworkers
(e.g. mechanics, carpenters, electricians, and housecleaners)
as well as doctors and pharmacists.
a gesture recognition solution for smartphones and tablets,
similar to XboX360 motion sensing device Kinect.
a software that visualizes 3D models, designed for use in
advertising, gaming, education, and
an interactive educational game that also runs on smart
hardware, designed to offer edutainment for young
- AnaLancer, a Gaza-based platform that connects local freelancers and companies to global clients for outsourcing deals.
After a round of judging, Souktel took first, Fresco second, and Analancer third.
“The investors were all very
impressed with the companies, especially Souktel and Fresco,” said
“This was a fantastic opportunity to pitch our venture to top-tier VCs. The feedback we received from the panel has already helped us enhance our business model, said Jacob Korenblum, founder of Souktel. "PALinnO is a great network for startups, and we're honored to be a part of it."
As the first place winner, Souktel will also win US $50,000 in seed funding and will be eligible for a free ticket to Silicon Valley to pitch at the Arab Innovation Demo Day this October (although out of the three startups listed, Souktel probably needs that ticket the least; it's already raised US $1 million from Sadara Ventures).
Following a slew of initiatives
this year- including
Hi-Tech Hub in Ramallah, and Fast
Forward, the West Bank's new accelerator, PALinnO is the latest
to champion Palestinian startups and work to build bridges with
“We appreciate the high level of Palestinian startups that we selected for first round of PALinnO program, called P2SV- Palestine to Silicon Valley," said Michal Zalesak, the executive director at PALinnO. "Our main mission is to create the first billion-dollar, innovative Palestinian IT company, to motivate others and show the hidden potential of the rising industry."