EDIT 7/21: more competition details added for accuracyideas.inc logo

Fundraising social network builders Give.sg are the big winners in the inaugural eight-month ideas.inc Business Challenge, scoring the first prize of S$15,000 (US$11,000).

Give.sg apply much-needed Web 2.0 concepts to the world of charity. Fundraisers use their tools to create clear, bright and informative pages for their cause, and learn how to promote them on existing social networks like Facebook, YouTube and Twitter. Give.sg encourages users to be fun and creative in their campaigns, suggesting challenges and dares to draw sponsorship and attention.

Healthy technology seems to be a theme among the finalists. Runners-up Soyato are doing their bit for waistlines with a low-fat and cholesterol free alternative to ice cream, and third placers In Vitro want to improve air quality in urban spaces with their low mess & maintenance plant growing technology. Other finalists Care Inc. have developed an RFID tag solution to reduce regular errors in hospitals.

Venture capital company Invention Capital also awarded the Top Incubation Award to Give.sg and other finalists MangaCastle and Forget Boundaries, offering S$100,000 in investment and business services.

The ideas.inc Business Challenge, co-hosted by Nanyang Technological University and SPRING Singapore, provided 15 semi-finalists with a S$15,000 development fund to produce a working prototype or service. Of these, six grand finalists were each awarded SPRING’s YES! Startup Fund, in which SPRING matches $4 for every $1 invested in the company to a maximum of $50,000.

source: e27