Tag: Talasim

Talasim One Of Six Winners At Seedcamp Week 2009

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SeedcampSeedcamp has announced the six winners of this year’s edition of Seedcamp Week, after an intense week of mentoring in London by a diverse mentor, investor and entrepreneur network.

TalasimAmong the six winners is Jordanian startup Talasim, an online social network and photo sharing service for comedy/funny content, which was founded by Zeid Koudsi and Sabri Hakim, and is one of the projects leading Arab UGC portal Jeeran invested in and incubated.

Each of the six winning teams will be receiving a €50k investment from Seedcamp and active support over the next three months to help develop their products and companies. In return Seedcamp should be taking a stake worth between 5-10% of each company.

These next three months will be spent in London, with the winning teams working with the Seedcamp team on building the product and company together, and with the teams provided access to services worth 2-3 times the invested €50K, with the goal of helping grow and nurture the teams, and putting in-depth focus on developing the product and business.

During the course of these three months, the groups will also have an opportunity to take advantage of the same group of experts that participated in the Seedcamp week through weekly dinners, topical lunches, conferences, and continued mentorship on various issues. They’ll also get to demo their products to other groups from Seedcamp as well as potential investors in two events along the way.

The other 5 winners are: Boxed Ice (UK), Brainient (Romania), Codility (Poland), Erply (Estonia) and Patients Know Best (UK).

Talasim One Of Top Teams For Seedcamp Week 2009

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SeedcampThe team at Seedcamp just announced the top 21 teams who made it as finalists for Seedcamp Week 2009, an intensive week-long event held in London every September, that targets young entrepreneurs from across EMEA (Europe, Middle East and Africa).

TalasimAmong this year’s finalists is Jordanian startup Talasim, an online social network and photo sharing service for comedy/funny content, which was founded by Zeid Koudsi and Sabri Hakim, and is one of the projects leading Arab UGC portal Jeeran invested in and incubated.

The focus of Seedcamp week is around providing an incredible experience for the selected teams, with a diverse mentor network helping the teams put together the foundations of a viable business. The aim of this week is to collapse the time it takes startups to make and develop these critical relationships from months to a week and establish an unrivaled foundation on which the business can be built.

With this selection, Talasim joins another 20 startups from around Europe, the Middle East and Africa, to compete to receive one of the 5 investments worth €50K that will be made at the end of the Seedcamp week.

The three months following Seedcamp Week and the investment, is when the winning teams with the Seedcamp team begin building the product and company together in London, and provided access to services worth 2-3 times the invested €50K, with the goal of helping grow and nurture the teams, and putting in-depth focus on developing the product and business.

During the course of the three months, the groups will have an opportunity to take advantage of the same ecosystem of experts which participated in the Seedcamp event through weekly dinners, topical lunches, conferences, and continued mentorship on various issues. They’ll also get to demo their products to other groups from Seedcamp as well as potential investors in two events along the way.

Previously, the only other startup to make it to Seedcamp from the Arab region was Content Syndicate, that participated in Seedcamp Week 2007, and was nominated as one of the top 10 startups out of 260 participating startups from 40 countries.

Talasim was also selected as one of the Arab world’s top ten investment ready startups at the 6th Investing in Technology Forum that was held in Cairo, Egypt, earlier this year.

IIT Forum 6: The Arab World’s Top 10 Investment Ready Startups

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Investing in Technology ForumThe 6th Investing In Technology Forum; an event that aims to be a networking opportunity for entrepreneurs, researchers, investors, regional corporate CEOs, and all technology leaders in the region to get together to share experiences, develop relationships and explore business opportunities; took place in Cairo, Egypt, last week.

One of the items on the event’s agenda was a series of pitches by Arab technology startups to a panel of the region’s most prominent angel investors and venture capitalists, in hopes to be selected among the top 10 investment ready startups in the Arab world.

There were 33 startups from around the region who pitched their businesses, and the panel evaluated each startup and gave them a score, rating them by their potential and readiness for investment.

The following ten startups came out on top: 

  • Droubi: A company that has invented and patented a new method of dental surgery.
  • Glocalizer: A company that provides free wireless and technology advertising based products.
  • Applied Research Institute: A company that works on new technologies for water treatment and organic food.
  • eSpace: For WeNear, their framework for location based mobile services.
  • MobiLaps: A company that develops network applications for internet service providers.
  • Talasim: An online social network and photo gallery for comedy/funny content.
  • Aboker: A company that works on technology to produce biofuel and silicon carbon from environmental waste.
  • Vertex: A company that builds customised three-dimensional virtual worlds for education, real estate …etc.
  • SilMinds: A company that provides hardware acceleration technology thats speeds up intensive computing processes.
  • Kindisoft: A company that helps businesses to better protect their Rich Internet Applications based on Adobe Flash.

Quite an interesting mix of startups covering different fields, some who were only recently launched, and some that date back to the late 80’s, early 90’s (Droubi: 1989, Applied Research Institute: 1990).

After the selection happened, a number of the top startups were approached by some of the present investors who were interested in their businesses.

A list of these top 10 startups and their full descriptions can be downloaded in PDF format here. (Courtesy of Beep Beep.)

[Via: Beep Beep]