Fast-moving Scottish tech newcomer Miigen has been selected from thousands of competitors worldwide as one of the top five in Startup Grind’s 2018 Startup Program.
The top rank international recognition is all the more remarkable for the fact that the Stirling-based company was only launched in May last year. Already it has exceeded projected user numbers and growth is on an exponential upward trajectory.
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Miigen, the social platform for senior life living, is now one of the stars of the Startup Grind Europe Conference class for this year. Fifty pre-seed and seed stage companies were chosen from thousands of startups in 100 cities across Europe, Asia and Africa.
These 50 were whittled down to 20 and Miigen was included in the top five of this elite group – which were acclaimed by US-based Startup Grind as having “incredible talent, potential, disruptive technology and opportunistic markets”.
Miigen CEO and co-founder Craig J Lemmon, who is planning a £7.5 million funding round in America next year, said: “This international acclamation is beyond our most optimistic expectations. We have always known the potential of Miigen, but to have it recognised at this level is extraordinary.”
Derek Andersen, founder and CEO of Startup Grind, said: “Our goal is to help get these startups to that next level of innovation, strategic intent, and growth. With the resources we are providing, we believe they will gain the growth they are looking for to be on their way in their businesses and networks.”
Palo Alto-based Startup Grind is the largest independent startup community, actively educating, inspiring and connecting one million entrepreneurs in more than 350 cities. It nurtures startup ecosystems in 120 countries through events, media, and partnerships.
Miigen, which currently is engaged on a £500,000 seed round fundraising exercise, has attracted intense interest as an online platform targeting millions of social media consumers over the age of 50. It intends to build a global company by signing up 10 million users by 2023.
It already has 45,000 users in 105 countries and currently is running a global digital marketing campaign in five languages in 25 countries which is expected to raise user numbers to 100,000 by the end of the summer.
Stirling-based Craig, an entrepreneur with 30 years’ experience of running global ventures in the leisure and technology sectors, established Miigen with Campbell Ferrier. Both men were motivated by the emotional effects of parental loss.
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