Novelsys, an NUS Enterprise start-up co-founded by our undergrad Kenneth Lou has clinched the 2014 Global Talentrepreneur innovation & Collaboration (GlobalTiC) Award held in Taiwan.
Four NUS students took a year off their studies to start Novelsys earlier this year. Their star invention Ampere, the world’s first wireless charging sleeve for the mobile phones. Users simply drop their mobile phone into the sleeve and it charges wirelessly, on-the-go, making it more convenient than carrying bulky power banks.
Since its inception, the team has won the Start-Up@Singapore 2014 business plan competition, including a cash prize worth $15000. It received the NUS Enterprise Practicum grant of $10,000 and additional $5000 under the Phillip Yeo Innovation Fellows Programme. Most recently, the start-up clinched the top prize in the Youth Pre-Start-up category of Global TiC, “JohnnyTiC” Award in August, beating 11 other competitors from Asia, Europe and South America and won a cash prize of US$2000.
GlobalTiC ,which started in 2007 is an annual competition for aspiring start-ups, hosted by Taipei Tech University.
“Competing at the GlobalTiC was a fantastic experience. Over the past year, we have honed our pitching and presentation skills – through Start-up@Singapore, the Practicum grant and most recently with mentorship provided by Kelvin at GlobalTiC. The competition allowed us to gain better understanding of international markets and offered great networking opportunities. It was also a validation that our product and business has high support from both customers and mentors, which is crucial for our success moving forward,” says the 25-year-old Kenneth Lou, CEO and co-founder of Novelys.
What’s next for this fast-growing start-up? It plans to apply for government grants and launch a crowdfunding campaign. It also hopes to work with one of the Global TiC judges as a manufacturing partner for Ampere, and begin shipping by the second quarter of 2015 in the US and Southeast Asian markets.