Red Herring Honours Interactive Bees Among Top 100 Most Promising Startups In Asia

SHAKTI NAGAR, India - Oct. 19, 2016 - PRLog -- The Red Herring Top 100 Award highlights the most innovative and exciting startups from Asia, Europe and the Americas. Among them is a dynamic new age brand communication agency, Interactive Bees, that has shown a lot of potential and passion in its field of science.

Red Herring is a renowned technology platform that significantly highlights and recognizes companies with revolutionary ideas that are going to transform the business landscape. Since 1996, technology industry executives, investors, and strategists have valued the Red Herring 100 lists as an instrument for discovering and advocating the most promising private ventures from around the world.

The Red Herring 100 Asia Award is a testimony to company's innovative spirit and drive to bring change with a distinctive proposition. After a rigorous round of evaluation, only 100 companies among approximately 2000 startups survive to be recognized for excellence. The quality of Red Herring Award winners is proof of the thoroughness of the selection process. Hundreds of companies from each region are reviewed in a rigorous 3-step process that looks at all aspects of the company.

Criteria for the selection include, but are not limited to:

Level of specialty

IP in the solution created through internal R&D

Social contribution

Disruptiveness of the solution in its respective markets

Venture investment

Market maturity

International footprint (including international employees)

Revenues and the company's overall globalization

Startup growth stage

Growth rate

Industry awards and recognitions

Market size

Execution index

Technological advantage

Number of customers and users

Regional considerations

Branding

CEO/Team experience and track record

Team quality and experience

All companies that have attended past Red Herring events have gone through this process. The event presentations help to verify the quality and the business model as much as the vision of the entrepreneur. Choosing the winners is not just an internal process. Red Herring interacts with individual companies at several times prior to granting them an award. Also, all companies are examined by at least four judges before the conference, and by one or two judges during the event.

All companies submit a thorough report to help Red Herring judges reach a decision. Reports are read and vetted before a senior Red Herring representative validates the data in a phone conversation with the CEO and determines if their business model deserves further attention. Once companies are validated and graded by the CEO, Alex Viewx and Anam Alpenia (VP, Red Herring), a short-list is established representing the most qualified companies. Companies making the short-list are asked to be part of the final phase of the award process, a live presentation at their respective regional Top 100 event.

After this grueling process, Red herring winners are declared by the CEO taking stock of the future potential of the product, service on offer as well as the leadership's ability to drive the organisation forward.

After felicitating Interactive Bees with the top award, CEO of Red Herring had some nuggets to share about the recent discovery. "Interactive Bees is one of the strong contenders in the market that has the potential to rise in the marketspace. The vision of leadership and their passion for work in commendable. They are set to spearhead the brand communication industry with their veritable skills. I am sure that they will rise to the top in the market with their dedicated effort." said Alex Viewx.

On winning the award, the Director of Interactive Bees, Ms. Monica Gupta was overwhelmed. She said, "We are elated to the recognised by International Media. We have always believed in working towards creating innovative solutions and will follow the same ideals in the future as well. We are committed to stand by our values and are prepared to take the scale of responsibilities going forward."

Red Herring is a global media company, which unites the world's best high technology innovators, venture investors and business decision makers in a variety of forums, including print, online and exclusive events worldwide. Red Herring provides an insider's view and access to the global innovation economy, identifying new and innovative technology companies and entrepreneurs. Interactive Bees has a client roster including the likes of Canon, Huawei, Fortis, Indorama Corporation and other reputed names that puts it among the most dynamic brand communication agencies in the market and deserves the commendation. For More  https://www.interactivebees.com/