Innohale Therapeutics of Israel Wins the Grand Prize of InnoVEX 2021 Pitch Contest

 Publish Date :2021/07/30

Photo : TCA held 2021 InnoVEX Pitch Contest Final Pitch and Award Ceremony premiered on July 30, 2021 through a brand new online platform.

Organized by Taipei Computer Association (TCA), Asia’s influential Startup Event: InnoVEX held this year’s pitch contest through a brand new online platform featuring the 2021 Pitch Contest Final Pitch and Award Ceremony that premiered on July 30, 2021. Out of 85 applicants, the top 10 finalists pitched virtually via ZOOM and after a thorough discussion by the jury panel that consists of local and international VCs and CVCs; the winner of the InnoVEX 2021 Pitch Contest Grand Prize was decided to be Innohale Therapeutics; an Israeli startup team. With their PowerNO portable system, Innohale Therapeutics wins the grand prize valued at USD 20,000 consisting of USD 10,000 in cash prize sponsored by Taiwania Capital, organizers’ promotional package, and a free standard booth for InnoVEX 2022.

The Qualcomm Innovation Award provided by Qualcomm was awarded to 2 winning startups: Data Yoo Application and KryptoGO; with both startups winning the USD 5,000 prize each. Data Yoo Application won with their own EdgeMAN prediction system which is the world’s first crop algorithm edge computing technology. KryptoGO was selected for their KYABC search engine that specializes in financial supervision and investigation utilizing multiple patented AI and blockchain applications. However, as none of the finalists met the criteria for the Japan Finder Award, the prize was not awarded to any of the startups.

Innohale Therapeutics Won the InnoVEX Pitch Contest Grand Prize

TCA pointed out that the core of Innohale Therapeutics’ technology is the Inhaled Nitric Oxide (iNO) therapy; offering an enabling technology for home care that is both scalable and cost effective. Currently this therapy is mainly done in ICUs due to its high cost, complex monitoring devices, and cumbersome delivery system via pressurized NO tanks.

Their PowerNO portable system aims to make this therapy accessible everywhere by generating nitric oxide from ambient air rapidly and precisely with remote monitoring and automated dosing. This way, iNO therapy can be delivered to areas where demands are currently unmet in both hospitals and homes with superior precision, quality, safety and affordability.

The judges believe that the product and technologies of Innohale Therapeutics are perfectly suited for hospital and home care markets. They also have great potential for developments and expansion to global markets such as North America which is a great direction for Innohale Therapeutics to focus on.

In the medical field, inhaled nitric oxide is mainly used as a selective pulmonary vasodilator. It has a variety of medical uses including as a part of treatment for diffuse to the vessels' smooth muscle and induce relaxation and dilatation of the vessel, to improve blood oxygenation, reduce the need for extracorporeal membrane oxygenation, and to help treat Ventilator Associated Pneumonia patients.

TCA stated that the grand prize of the InnoVEX 2021 Pitch Contest is worth a total of USD 20,000 consisting of USD 10,000 cash prize sponsored by Taiwania Capital, InnoVEX online promotion and interview package, as well as 1 standard booth to be used in InnoVEX 2022.

Photo : Innohale Therapeutics, an Israeli startup team wins the Grand Prize with their PowerNO portable system.

Focusing on 5G Applications, Data Yoo Application and KryptoGo won the Qualcomm Innovation Award

In addition to the Grand Prize, the Qualcomm Innovation Award is awarded to startups with innovative technologies and international competitiveness, and those in AI & Big Data, AR/VR/XR, 5G & IoT application and other promising technologies. The goal of the award is to promote research and development of vertical applications of 5G and innovative technologies as well as to accelerate 5G adoption in businesses.

The winners of the Qualcomm Innovation Award combine 5G and AI, machine learning, Internet of Things, blockchain and other cutting-edge technologies to solve real needs and pain points in agriculture, financial sector, and other industries. The solutions provided by the startups have seen real life applications with satisfactory results.

Data Yoo Application won with their own EdgeMAN prediction system which is the world’s first crop algorithm edge computing technology. It uses Qualcomm Robotics’ RB3 platform with their Farm Predictor Crop Algorithm that can work even in areas with low network coverage. It can support more than 120 types of crops including lychees, pineapples, bananas, tomatoes, and Chinese cabbage and was applied to improve harvest yields in greenhouse grown cherry tomatoes in Taoyuan city.

KryptoGO provides a one-stop solution for all CDD (Customer Due Diligence) requirements. Combining a number of patented AI and blockchain applications, they developed KYABC search engine that specializes in financial supervision and investigation. KYABC covers more than 200 areas globally and can help financial institutions to quickly identify money laundering risks, and automatically generate due diligence risk recommendation reports to reduce the company's costs due to inefficiency. So far KYABC has been adopted by local and international financial companies and government agencies.

Photo : Data Yoo Application won the Qualcomm Innovation Award with their own EdgeMAN prediction system which is the world’s first crop algorithm edge computing technology.

Photo : KryptoGO won Qualcomm Innovation Award for their KYABC search engine that specializes in financial supervision and investigation utilizing multiple patented AI and blockchain applications.

Startups Joining the InnoVEX Pitch Contest Gain Access to Global VCs , CVCs and International Market, Startups can boost their reach and exposure by joining the InnoVEX Pitch Contest.

TCA stated that the InnoVEX Pitch Contest judges are all VCs and CVCs from around the world and the winning startups are selected as the winners based on their market & growth potential internationally. This year, more than 45% of the participating startups are international teams. Startups that join the InnoVEX Pitch Contest will have more opportunities to network with influential VCs and CVCs; local and international; as well as CVCs and a great number of potential customers for their continued growth in the international market.

InnoVEX Online 2021 has successfully broken through borders and limitations due to the pandemic, gathered as many as 380 startup teams in 28 theme pavilions from over 20 countries and regions. In June, visitors from as many as 47 countries and regions around the world joined InnoVEX Online 2021 to search for potential innovations, cooperation, and investments. InnoVEX Online 2021 will help the exhibiting startups connect with international resources and exhibit throughout the year.

About TCA

Taipei Computer Association (TCA) is a leading not-for-profit ICT industry organization in Taiwan. TCA currently has over 4,000 active corporate members. These member companies may be categorized into three main sectors such as IT services, computer systems and software companies. These members represent about 80% of the production value of the ICT industry.

For More info on InnoVEX:

InnoVEX Pitch Contest Website:

InnoVEX Online 2021:


Established in 1981, COMPUTEX TAIPEI, the world’s leading technology tradeshow, was organized and named by Taipei Computer Association (TCA) during the chairmanship of Mr. Stan Shih. Taiwan External Trade Development Council (TAITRA) was invited as co-organizer in 1985. InnoVEX, co-organized by TCA and TAITRA, is a special exhibition for Startups which has diversified events and matchmaking platforms to accelerate the collaboration of ideas, innovative technologies and manufacturing capacity.