EffiaSoft made its position as a finalist for the Red Herring Asia Top 100, organized by Red Herring. It’s indeed a big opportunity for all the top 100 start-ups to showcase their product in front of the world. The shortlisted companies has to take a final challenge – a live presentation at the Red Herring Asia Forum taking place in Manila, Philippines on 12-14th September.
Red Herring is very picky when it’s comes to selecting a venture for it’s event. Their editorial team does all the analyzing and screening of thousands company profiles and select only those who are growing in an explosive rate. A company needs to fulfill various criteria to be enlisted in the Asia top 100 list. Major criteria for a company to get selected includes product idea, innovation, target market, IP, patent, financing, proof of concept, trailing revenues and management’s expertise. In recent past, notable Top 100 Asia winners include Alibaba, Baidu, InMobi, Kakao, Rakuten, Snapdeal, Xioami and many more.
“Entrepreneurship in Asia has reached an inflexion point, and as a result, Red Herring Asia 2016 has shifted into a new phase,” said Alex Vieux, publisher and CEO of Red Herring. “A second generation of entrepreneurs with CEO backgrounds is emerging and their execution skills and global ambitions lead to restless growth and amazing journeys. As importantly, we are seeing more companies from countries once absent from innovation circles. EffiaSoft shows great promise and therefore deserves to be among the finalist companies. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Asia. We know that the 2016 crop will reward us for long and continued efforts in scouting disruptive companies in Asia. The wealth of talent and achievements displayed by Red Herring Asia finalists is an excellent predictor for the new wave of revolutionary technology.”