Qilimanjaro Quantum Tech was chosen as winner of the 4YFN Awards by a panel of judges representing specialist investors and industry experts

2024, Barcelona: Qilimanjaro Quantum Tech was crowned winner of the annual 4YFN Awards during a ceremony hosted today at the Banco Sabadell Stage.Quantum computing startup Qilimanjaro Quantum Tech was selected as winner after an on-stage pitching competition judged by a panel of experts from the investor community and a live audience consisting of investors, business executives, entrepreneurs, government officials and the general public. Among the perks awarded to the winners are a €20,000 cash prize courtesy of GSMA Foundry, as well as a startup exhibition pod and speaking opportunity at 4YFN MWC Barcelona 2025.The 4YFN Awards is a global startup competition aimed at finding the best digital startups around the world, and is the highest recognition offered exclusively to startups at MWC Barcelona.

Pere Duran, Director at 4YFN, said, “Congratulations to Qilimanjaro Quantum Tech for winning the 10th anniversary edition of the 4YFN Awards, and to each of the four finalists that took to the stage this evening – I’ve been continuously amazed at the level of innovation and entrepreneurial spirit we’ve seen on the 4YFN stages over the past decade. The future is bright for the global startup ecosystem, and we look forward to the next 10 years of connecting founders with investors and shining a light on the planet’s best digital startups.”

The winning startup was selected by a jury made up of Kate Cornell, General Partner at All Iron Ventures; Hendrik Brandis, Co-founder & Partner at Earlybird Venture Capital; Shesh S, Sr Director – CVC at SK Telecom; Nicole Leblanc, Partner at Woven Capital; and Sébastien Lefebvre, Partner at Elaia Partners.Qilimanjaro Quantum Tech faced tough competition from the other finalists – Bitsensing (South Korea), Mica AI Medical (Israel), Ocean Econstructures (Spain) and Whispp (the Netherlands) – who were shortlisted from the 4YFN Top 50 Startups list. The finalists were selected based on criteria including the innovation of the startup’s proposition, its impact, its future potential and more.The 4YFN Top 50 Startups list, which was published for the second consecutive year in November 2023, recognises the digital startups at the forefront of technology.

Celebrating a decade of impact at 4YFN

Now in its tenth year, 4YFN is the startup and innovation platform at MWC Barcelona. To celebrate its 10th anniversary edition, 4YFN24 has unfolded across two Halls – Halls 8.0 and 8.1 – and featured seven stages, four networking spaces and a number of programmes dedicated to key topics such as Digital Health, Green Tech, Fintech and more. Debuting this year is the Founders programme, as well as the University & Spin-off Hub which celebrates academic innovation.Day four of 4YFN will feature a partner programme from AWS focused on the investment and technology trends for startups to consider in 2024. In addition, there will be a full day of panel sessions, fireside chats and pitching competitions. Topics include steps to help founders build resilience in their startups, top tips for sustainable investments, and the importance of driving social change in today’s startup landscape.During a decade of impact, 4YFN has connected over 9,200 founders with 5,400 investors, and this year’s show has welcomed over 900 exhibitors, 400 speakers and over 1,000 investors with collective funds totalling €50 billion.

The 4YFN Awards is sponsored by Console Connect and GSMA Foundry.

Why US travellers are snubbing budget airlines

As prices rise across the globe, many Americans are looking to save money where they can, including travel. Yet the most recent slate of earnings reports from major US airlines indicates consumers aren’t necessarily opting for budget airlines amid an inflation economy. During Q3 2023, low-cost airlines saw sluggish sales – while their legacy counterparts watched revenues spike. Frontier Airlines, one of the larger low-cost carriers, lost $32m (£26m) during Q3. Spirit Airlines, likewise, lost $157.6m (£197m). Southwest Airlines, which is considered a hybrid low-cost-full-service carrier in the industry, tallied a net income of $240m (£193m), which was a drop of roughly 30% from last year. It’s not that people aren’t investing in travel – quite the opposite. In May 2023, spending on flying and related travel expenses was up, as pandemic-related restrictions on international travel continue to ease, and international destinations that have been off-limits for years become especially appealing. The big three legacy airlines – Delta, United and American – have reaped the benefits of this wanderlust. Each posted huge profits in Q3. American’s net income was $263m (£212m); both United and Delta saw net income grow to $1.1bn (£890m). In Delta’s case, that was an increase of nearly 30% year-over-year. The lacklustre figures from low-cost carriers appear to be the result of a series of coalescing factors, says Helane Becker, a senior analyst at TD Cowen, who specializes in airlines, aircraft leasing and air freight. Many experts aren’t terribly surprised by the numbers. ‘Revenge travel’ As pandemic-era travel restrictions lifted, US consumers’ desire to travel overseas spiked. So-called “revenge travel” meant many swapped domestic trips for long-hauls. This meant flying internationally on major airlines, something most budget airlines don’t do. source:bbc

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