Heckyl Technologies, a leading fintech company, is crowned as one the winners of the fourth edition of the Next Big Idea 2016 contest, which was organized by the Government of Ontario, Canada, and Zone Startups India. Heckyl along with five other Indian tech startups won a two-week market incubation programme at Ryerson University.
“Congratulations to the winners of this year’s Next Big Idea Contest. These winners will be part of an innovative ecosystem comprising advisors, influencers, successful entrepreneurs and investors dedicated to helping winners take their company to the next level. Ontario is proud to drive disruptive innovation to bring breakthrough concepts and technologies to life,” said Michael Chan, minister of international trade, Ontario.
“We are extremely honored to win the Next Big Idea 2016 competition alongside some of the most innovative technology companies in India”, said Mukund Mudras, co-founder, Heckyl Technologies. “This success is a validation of the idea with which we began in 2010 and will help us to get a first-hand experience of the North American and Canadian market through Ryeson University’s market incubation program. I look forward to the experience and thank the organizers of the competition for the recognition”.
The competition was launched in July 2016 to discover India’s most innovative technology companies who are looking to leverage a presence in Ontario, Canada, as a vehicle to expand to North America. Heckyl and five other winners were shortlisted from 340 startups, which participated in the contest. Heckyl was declared as winner after the company successfully met the criteria and cleared all three steps of selection process.
This year, selection criteria for the contest was based on: Clarity of Concept; Unique/ Innovative Idea; Development Feasibility; Marketability and Product Market fit (North American and Canadian Market).
This award comes on the back of several other awards won by Heckyl, which include TechSparks 2011, Nasscom 50 Emerge 2012 (Innovation Category), UKTI’s Calling Indian Innovators Contest 2013, Red Herring Top 100 Asia 2014 and Red Herring Top 100 Global 2014.
With offices in India, US and UK, Heckyl has been at the forefront of leveraging technology to help companies in the BFSI sector. FIND, Heckyl’s flagship product and a comprehensive platform, offers actionable insight through real time financial news and data analytics to help traders, researchers and analysts.
Heckyl’s B2B platform serves to more than 20 clients in India and globally. Some of the clients include Edelweiss, IIFL, Kotak, Reliance, Aditya Birla Money, ICICIdirect, Euronext and SunGard.
Heckyl will soon launch a Big Data mining platform for financial institutions and the hedge fund industry.