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The 2022 winners of the Örsçelik Balkan Artificial Intelligence Competition, in which projects aiming to solve at least one of the 7 most important problems for humanity with artificial intelligence software, were evaluated. Wallids and Retinow initiatives, which were selected as the winners of the competition, were awarded a total of 435 thousand TL.

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ISTANBUL (TR) - The second of the Örsçelik Balkan Artificial Intelligence Competition, which supports teams and projects working on artificial intelligence, was held. In the competition held in partnership with the crowdfunding platform fonbulucu.com, the Wallids and Retinow projects were selected as the winners. The winning projects were awarded a total of 435,000 TL.

Total prize 435 thousand TL

After the application phase of the competition, which ended on October 31, the entrepreneurs were supported in many ways with the accelerated training camp, which was prepared by Diici and lasted for 15 days. The teams, who participated in various trainings in the camp, covering topics such as product - production model, market, competition, target, analysis, risks, funding and financial statements, created their projects on invest.fonbulucu.com for the final stage of the process. Fundbulucu CEO Hakan Yıldız, EAE Group Chairman of the Board Yusuf Hikmet Kaya, Acmena Technology Management and Investment Inc Founder Suat Baysan and ECONiX Founder and Managing Partner Doctor Güvenç Koçkaya participated in the final stage as the jury. Among the 9 different projects evaluated, the Wallids and Retinow projects were selected as the winners. The winning projects were awarded a total of 435,000 TL.

Turkish painter auctioned his award-winning work for entrepreneurs

Wallids, one of the winners of the competition, which offers a cyber security system created for the websites of small and medium-sized e-commerce companies, and Retinow projects, which develop a retinal camera system with instant reporting by detecting vision loss due to diabetes with a high-accuracy artificial intelligence algorithm, received a grant of 17,500 TL. While the first selected entrepreneurs received investment approval of 200,000 TL by the fund finder GYF established by Reinves Capital, one of the young Turkish painters, Dr. Instructor Member of. Okan Boydaş's work titled "Black Hole" from 2017, which won an award in the Light Space Time competition in 2021, was auctioned for 10 thousand TL for contribution to the project. All proceeds were transferred to the winning projects.

Winners continue to be supported after the competition

Dr. Güvenç Koçkaya said, “We tried to contribute to all the initiatives in our competition, which we organized for the second time and focused on startups producing artificial intelligence, with our training support and grants during the preparation process. We believe that we will penetrate this field more with the programs we will organize in the future, and we congratulate the first-placed Wallids and Retinow teams. While we congratulate our 2 teams who won awards in the competition, we invite them to take an investment tour on our platform and promise to start a campaign with an investment of 200,000 TL from our venture capital investment fund.”

Based on the 7 focal points of Rotary International

The second of the Örsçelik Balkan Artificial Intelligence Competition, the first of which was held in 2020 and supporting teams and projects operating specifically for artificial intelligence, was held recently. The Istanbul Ataköy Rotary Club, which aims to support projects prepared using artificial intelligence on the 7 focal points of International Rotary and to carry out awareness-raising activities, created a suitable environment for young entrepreneurs to implement their projects with the competition. The competition, which was held in partnership with the crowdfunding platform fonbulucu.com, gave the green light to raise awareness of crowdfunding in the ecosystem, as well as to gain awareness of various ideas and projects from the perspective of crowdfunding. Participants, on the other hand, developed their projects and presented them to the jury after the training camp held before the competition.