Kubo wins Web Summit pitch competition and a €100k investment from Portugal Ventures

0
231
Kubo-Websummit-Pitch-Winner-big

Kubo robot won yesterday’s pitch competition with the kindergarten robotic kit proposal. Is it going to change the world? I don’t think so. Is it globally important? Definitely.

Kubo robot will be sold in a kit containing the actual cubic shaped robot, hence the name, a set of command pieces and instructions. By arranging the pieces like a puzzle, kindergarten aged kids may store sequences in the robot and instruct it to repeat them. The kits will also be sold in packs of ten robots for classrooms. The company focuses on delivering a product that may interest youngsters about programming before they even learn to read, when their curiosity is at the peak. Future plans include extending the platform to the learning of languages and music.

The Danish company is launching soon on Indiegogo for a first funding round. Correction, a second funding round, as they are taking a €100k prize from Portugal Ventures, the Portuguese state funded investment branch.

Kudos to the other two finalists, PapayaPods, a landlord software solution, and Solitron, an energy production from soil solution. This early stage, R&D based, innovative solution got some curiosity from the public which made their website exceed bandwidth limits (learning point).

As Kubos CEO Tommy Otzen told EU-Startups, “five years of pitching practice helped us get this prize” (please read this statement again).