Wisestep, a social media enabled hiring and job referral platform, was announced the winner of the Microsft BizSpark India Startup Challenge 2013 city final held at Indian School of Business in Hyderabad on Saturday.
MilkorWater, an aggregater of stock analysis with a an objective to provide unbiased insights to small investors, and the Tekwroksinfo Solutions Private Limited , a media solutions provider, were selected as the first and the second runners-up, according to a press release issued by the company.
The winner of this round will participate in the national finals to be held later in Bangalore.
The selection was done through a process of presentations by the representatives of the start-up companies before the audience and the jury. About 10 start-ups were given a chance to compete for the finals.
The idea of behind the BizSpark is to fast-track the success of young start-ups with software, support and visibility. It had so far helped more than 2,725 Indian start-ups by providing basic support, including technical training among other things, according to the company.
"The BizSpark India start-up challenge has continued to grow over the past three years to support fresh ideas and provide world-class technological support, enabling start-ups to have a better chance of business success,"Rajinish Menon, director-Independent Software Vendor & Cloud Strategy, of Microsoft Corporation India Limited said in a statement.