Cloudline, a South African logistics startup has received US$140,000 after taking part in the 2019 MassChallenge Israel.
The SA startup will join nine other startups from around the world in the MassChallenge Israel US Roadshow, a curated business trip and introduction to the innovation ecosystems in Boston and New York scheduled for September 9 – 13, 2019.
During the Roadshow, the startups will compete for an additional 500,000 NIS (US$140,000) in zero-equity cash prizes.
“The city of Jerusalem is proud that Mass Challenge Israel calls Jerusalem ‘home,” said Mayor Moshe Lion. “The boost of hi-tech jobs in the city is in large thanks to this incredible initiative and I must tell you, we are just scratching the surface. I look forward to many more years of working together and many more hi tech jobs created in Jerusalem.”
The prize winners were announced at the fourth annual MassChallenge Israel Finale, which brought together over 300 leaders of the international entrepreneurial community at Beit Shmuel in Jerusalem.
In addition to identifying the startups that will participate in the Roadshow, the event celebrated the 44 startups from from Colombia, South Africa, the United Kingdom, India, and Israel that participated in the 2019 accelerator program.
Cloudline leverages lighter-than-air technology and the latest developments in unmanned aerial vehicles to deliver essential goods and services to the 1 billion people without direct access to roads and runways.
The startup aims to reach those who excluded from the global supply chain, due to a lack of infrastructure, impassable terrain or low population density. Where trucking isn’t an option, Cloudline brings in significant payloads, leapfrogging the need for expensive and inflexible infrastructure.
Image Credits: Cloudline