Kipuwex Advances to Entrepreneurship World Cup Global Finals

February 22, 2023

Press release from Kipuwex

Kipuwex Ltd will compete alongside startups from 53 countries for a share of US$1 million

Oulu, Finland — 16th February 2023—Kipuwex Ltd is one of 100 impressive startups selected to compete for a share of US$1 million at the Entrepreneurship World Cup (EWC) Global Finals, organizers announced 16th February. The finals are set to take place March 9-12 at Biban 2023, the largest event for entrepreneurs and small-to-medium-sized enterprises in Saudi Arabia.   

 The Entrepreneurship World Cup, co-hosted by the Global Entrepreneurship Network and the Small and Medium Enterprises General Authority in Saudi Arabia, Monsha’at, is one of the largest and most diverse pitch competitions and support programs for up-and-coming founders. Every year, entrepreneurs compete for a share of US$1 million in cash prizes and millions more worth of investment, support and publicity.    

 “We are thrilled to be recognized as one of the top 100 companies in the Entrepreneurship World Cup,” said Marko Höynälä CEO and Founder of Kipuwex Ltd. “This is a testament to the hard work and dedication of our team, and we are proud to be a part of such a prestigious group of companies. We look forward to leveraging this opportunity to connect with other entrepreneurs, investors, and partners who can help us scale our business and bring our vision to life.” 

Since launching in 2019, EWC has attracted more than 400,000 registrations from 200 countries and connected founders with over US$3 million in cash prizes and another US$256 million worth of perks and free support and services.  

 The 100 finalists, known collectively as the EWC 100, were selected after succeeding in qualifier competitions and activities around the world. The top performing 250 companies were invited to participate in a three-day bootcamp, with 100 selected to pitch at the Global Finals.  

 “These companies and their founders have wowed us at every stage of the competition,” said Jonathan Ortmans, president of the Global Entrepreneurship Network. “They are on course to change lives with innovative solutions to the world’s most pressing challenges.”  

 The EWC 100 are based in: Africa (6), Asia (17), Europe (28), Middle East (12), North America (14), Oceania (2), South America (20) and the Caribbean (1).  

 While in Riyadh, the EWC 100 will experience Saudi Arabia’s emerging startup scene. In recent years, the ecosystem has seen transformational growth, reporting record highs in venture capital investments in 2020, 2021, and 2022.   

 In addition to competing for the grand $300,000 prize, startups will also vie in specialized categories based on sector (including tech and space and sustainability and environment) and impact (including social impact, sustainable development goals and women-led companies).  

 All 100 global finalists will receive $100,000 in in-kind services from partners such as AWS, Freshworks, Google Cloud, Hubspot, Stripe, Zoom and more.  

 The Entrepreneurship World Cup is made possible with support from a collection of national and global partners including One Valley, The Global Education and Leadership Foundation (tGELF), Entrepreneurs’ Organization, King Abdullah University for Science and Technology and Startup Genome. The Misk Foundation is a founding partner.  


For interviews and further inquiries please contact:   

Titta Kuisma 

Media Relations, Kipuwex Ltd 

[email protected] 


About Kipuwex Ltd  

Kipuwex is a small and wireless, complete remote monitoring and pain assessment IoMT device, which measures 12 different physiological parameters, including pain in near future. The device is attached to the patient’s chest with disposable ECG sticker. We measure more physiological parameters than any other similar device on the market. We have developed Kipuwex in the way, that it is affordable for developing countries as well. 

Currently we are developing for the home users the first complete health report in the world. It’s consumer -centric digital health ecosystem for remote patient monitoring, in co-operation with unique global partnership. It is targeted for home users and it will give complete health report for the user, including an automatic ECG diagnosis. Diagnostic Algorithms for single lead ECG, can detect example arrythmias, Minnesota codes, single ECG shape abnormalities, prosnostic algorithms. Prosnostic algorithms determine parameters with proven predictive value in relation to serious cardiovascular events. Also wellbeing algorithms for preventive care, personalized heart and emotional well-being monitoring.  

The company is committed to combat healthcare inequality and help millions of people. Kipuwex’s vision is to become a world leading company in pain management domain. 


About the Entrepreneurship World Cup 

The Entrepreneurship World Cup is one of the largest and most diverse pitch competitions and support programs of its kind. Every year, tens of thousands of entrepreneurs from 200 countries compete for US$1 million dollars in cash prizes and millions more worth of investment, support and publicity through national pitch competitions, bootcamps and a global finals event attended by leading investors. However, the Entrepreneurship World Cup is more than just a pitch competition. Co-hosted by the Global Entrepreneurship Network and Monsha’at with support from more than 100 partners world-wide, the competition connects applicants at all levels – from idea stage to scale-up – with world-class training, resources and mentorship to enhance their skills and take their ventures to the next level, regardless of whether or not they top the podium. To learn more, visit 

Originally published on 16 February.

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