As Genesis Week, the 7-day long boot camp under the initiative of AE Ventures comes to an end, we are so overwhelmed to announce that we have made it to the Top 7 list of STARFLEET — Vol 4. The accelerator program conducted by the prestigious AE Ventures joining hands with IBC Media is being held in Bangalore this year.
Strenuous, yet super exciting, the acceleration program facilitated an exhaustive learning experience for blockchain start-ups across the country. The program received an application from 170+ startups who have played a role in introducing blockchain technology to the Indian market and implementing them in a variety of industries.
The Selection Process
The projects submitted by our teams were scrutinized from all angles. Our value propositions, product development, and presentations were judged to get a hold of the company in detail. In the first stage, they were to choose from a pool of 170+ applications, the top 13 promising start-ups. The majority of the applicants were from fintech, healthcare and agritech backgrounds. Although ride-hailing start-ups on blockchain platforms were relatively rare, our team was able to substantiate how blockchain will disrupt the industry.
Keeping up with the fluctuating market trends in India, DRIFE leverages the full potential of the blockchain technology to set a new paradigm for the ride-hailing industry. Our competitors were budding enterprises with extremely talented teams of professionals, but we were positive that our team stood a huge chance at entering the top 13.
We aim to empower all parties involved in the ride-hailing process from drivers and riders to community developers. This value proposition went well with the judges, who cited this element while selecting us amongst the 13 startups that would participate in the boot camp.