Canadian Startup SRTX Wins $1 Million Grand Prize at Startup World Cup 2022, Organized by Pegasus Tech Ventures
Summary
An all-female panel of independent venture capital investors judged the pitches of the ten finalists and ultimately awarded the grand prize - a $1 million investment - to SRTX, a materials science technology company that won the regional Startup World Cup competition in Toronto, Canada.SRTX is a materials science innovator and sustainable textiles manufacturer that develops ultra-durable fabrics and clothing using new materials and smart production systems. Kevin OLeary, of Shark Tank fame, appeared to share his lessons as an entrepreneur and investor. Other speakers included founders and executives from Microsoft, Pfizer, PayPal, HP Enterprise, GitHub, Coupang, Carbon, NovaSignal, Triller, and Zillow.The competition was judged by an all-female panel of six venture capital investors, including partners from Khosla Ventures, Norwest Venture Partners, IBM, Race Capital, Hanhai BioLabs, and Mighty Capital. In addition to offering institutional investors a top-tier venture capital investment approach, Pegasus also offers a unique Venture Capital-as-a-Service (VCaaS) model for large, global corporations that wish to partner with cutting-edge technology startups. Starting with thousands of applications for regional competitions in over 70 countries across six continents, hundreds of selected startups compete for the chance to move onto the Grand Finale event in San Francisco to win a $1 million investment grand prize.