Last year, the MSDUK 2021 Innovation Challenge celebrated the best and brightest Ethnic Minority-Owned start-ups and entrepreneurs. Supporting the UN’s 17 Sustainable Development Goals (SDGs), last year’s participants were encouraged to “improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests” (United Nations Department of Global Communications, 2015).
The challenge provides opportunities for innovative, creative, and inspiring minority businesses to enter the marketplace. We hope to see even more Ethnic Minority-Owned start-ups and entrepreneurs in this year's challenge!
In this short blog, we will take a look at the past winners of the Innovation Challenge and see how the experience has impacted their entrepreneurial journey.
Social innovation and overall winner of the innovation challenge – Wai Foong Ng, (Matchable)
Who are Matchable: Matchable is a B2B platform matching companies and their teams to innovative volunteering projects at non-profits and impact start-ups.
Achievements Since the Innovation Challenge:
Following their huge win in the MSDUK Innovation Challenge in 2021, Matchable continued to accomplish remarkable success!
Winning the Innovation Challenge has been a great catalyst for Matchable’s journey. Check out what their CEO has to say about the programme:
"We are really grateful for all the support from MSDUK and excited by all the opportunities that this win (and all the amazing prizes!) will help springboard for us, particularly in terms of growth opportunities, not just from a networking perspective but also from a personal and professional development perspective through the Accenture mentoring programme. We're so pleased we took part and that organisations like MSDUK exist to showcase start-ups like ours!"
If you’re interested in finding out more about how your employees can upskill through Matchable’s social impact projects, Be sure to check out the website.
Advanced Digital Solutions Winner – Dhruv Ghulati, Factmata.
Who are Factmata: Factmata is an advanced media monitoring and social media listening product that uses AI to identify and track narratives online, highlighting the ones most likely to cause harm or misinform.
Their goal is to reduce online misinformation and abusive content on the internet, using unique algorithms to classify content in subtle ways.
Achievements Since the Innovation Challenge.
After winning the innovation challenge ( Digital Solutions sector) Factmata continued to accomplish a series of wins across the globe:
If you want to understand what's really being said online, about your brand or a topic you care about, Make sure you give them a try.
Healthcare and Wellbeing Winner - Chen Mao, latchaid
Who are Latchaid: LatchAid is a pioneering app using interactive 3D animations to help women learn how to breastfeed. The app includes virtual breastfeeding support groups to provide users with personalised expertise about infant nutrition, baby feeding positions, lactation, and more, 24/7, anywhere in the world.
Achievements Since the Innovation Challenge:
Smart Buildings, Energy, and Net Zero Carbon – Xiaobin Zhao, Cambond
Who are Cambond: Cambond offer a sustainable solution to one of the biggest environmental problems of our time. They are a biomaterials company that has patented plant-based resin technology for making biocomposites from resin, biomass, plastics and minerals. The technology can be used with post-consumer wastes obtained directly from stores, offering a better option than bioplastics that rely on expensive food-grade inputs
Achievements since the innovation challenge:
Cambond is now actively seeking the opportunity to work with partners to develop a circular bio-economy and drive the ‘upcycling’ of low- and no value waste into valuable bioplastic logistics products.
If you are interested in finding out more about Cambond’s exciting future be sure to visit their website!
Could you be the next Innovation Challenge winner?
Are you an ethnic minority-owned business that can help a corporate be more sustainable?
This is your opportunity to showcase your business solution to MSDUKs corporate network who are actively looking for new diverse suppliers to work with.
Apply to the Innovation Challenge to present your business solutions and win up to £20,000 cash prize and corporate mentoring.
Application close 31st of May don’t miss out!