Calling all FinTech startups: take part in the Global Startup Challenge!
Global Startup Challenge 2017 Announcement: FinTech Series
The Global Startup Challenge is an initiative to encourage innovation and startups worldwide via the EDGE 196 platform (also known as "Entrepreneurship Development for Global Ecosystem"). The Startup Challenge involves 26 global clusters (196 countries) whose aim is to identify startups with the potential to become the world's next unicorn. The three shortlisted startups are invited to an online conference pitch session, and the 26 winners then receive term sheets and an Acceleration program managed by one of EDGE196's global partners in India, the UK, Canada, Singapore and the USA.
Stimulating startups and innovation
Total investment commitment: 2.30 million USD
One winning startup from each cluster (26 clusters) will receive an investment of USD 50,000. And of the 26 winning startups, one will be selected for the grand investment of 1 million USD.
To apply, you need to answer a few questions that include information on incorporation date, brief description, stage, team size, annual revenue, amount of investment you're looking for and upload your pitch via video.
Once your startup has been selected, you will be contacted by the EDGE196 team of analysts.
Startups can apply online until November 14, 2017
Startup evaluation: November 1-15, 2017 (pre-selection)
Online pitch session: November 24, 2017 (videoconference)
Grand finale: December 2018
Benefits
Global market access: startups with potential are presented on the global market to a wider audience.
Investment: the winning startup in each cluster receives an investment of USD 50,000 to finance its project. The global winner receives an investment of 1 million USD.
Acceleration: winning startups from each cluster have the chance to enter an acceleration program run by one of Edge 196's global partners.
Start-up Summit: the 26 finalist start-ups are then invited to pitch at the grand finale.
Continuity of investment: the selected startup has the option of increasing its continuity investment via Global Investment Partners (the investment is equity-based).
Eligibility criteria
A startup must meet the following conditions to qualify for the Startup Challenge:
- The startup must be in the FinTech field.
- Must be at MVP stage or more advanced.
- Preferably with influence in terms of customers/revenues.
- No more than 3 years old.
- With a large target audience and the intention to go global.
- At least 2 people working on it.
Try to win a USD 1 million investment
First, please select your country via this link and submit your request via the respective cluster pages.
If you have any questions or comments, please don't hesitate to contact Akshay@Startupp.com, info@edge196.com
