Brief description: Startup Open 2016, powered by Global Entrepreneurship
Network is calling for entrepreneurs from any industry with a new
business that has yet to raise any outside capital from angel investors,
venture capital firms or other formal sources of seed funding.
Application Deadline: 30th September, 2016
Offered annually? Not known
Eligible Countries: Global
To be taken at (country): South Africa
About the Award: Startup Open is a global competition that is
open to entrepreneurs from any industry with a new business that has yet to
raise any outside capital from angel investors, venture capital firms or other
formal sources of seed funding.
Type: Entrepreneurship contest
Eligibility:
1.
All applications must be submitted in English.
2.
Applications will be accepted from July 1, 2016, until September
30, 2016.
3.
Applications will only be accepted online through
the Startup Compete platform (visit Competition Webpage for more
details) or through an officially approved National Competition.
4.
It is not required that a startup be incorporated, but a company
cannot be incorporated over 18 months to compete.
5.
Candidates must be starting a for-profit company,
or a non-profit that does not rely on grants.
6.
Candidates startup must be pre-money, no venture funding,
at time of application
Selection
Criteria: The following with YES are companies that will
be selected for this prize award while NO will not be
selected:
·
YES Stand-up phase when
individuals or groups are equipped with the entrepreneurial attitudes and
skills to attempt the creation of new company.
·
YES Start-up phase when
resources are mobilized and regulatory requirements fulfilled to start a new
company.
·
NO Scale-up phase when
successful companies expand their businesses to new markets or in innovative
ways.
·
NO Exit phase
when a business owner or an investor decides to cash out an investment made in
the past through trade sale or merger with a larger player in the industry (merger
and acquisitions), secondary sales to third parties or initial public offerings
(IPOs).
Selection
Process: The winners will be selected by a panel of judges who are
looking at a range of criteria including growth potential, passion, creativity,
level of idea development, and their pitching skills. Each judge’s score is
weighed equally.
Number
of Awardees: 10 Finalists, 1 Winner
Value
of Competition: One winner of Startup Open receives an all expenses paid trip to
Johannesburg, South Africa where they will receive VIP delegate credentials to
the Global Entrepreneurship Congress in March 2017. In addition to the
Grand Prize GEC experience, all 10 finalists gain a spot in GEN Starters
Club, with additional chances there to travel to Johannesburg for GEC 2016.
Duration
of Competition: Not stated
How to
Apply: Visit Competition Webpage to apply
Award
Provider: Global Entrepreneurship Network
source: here
No comments:
Post a Comment