Introduction to
World Startup Competition
COMPETITION OVERVIEW
•
Date: 2014. 11. 24 (Mon) ~ 25 (Tue)
•
Venue: Sheraton Walkerhill Vista Hall
•
Host: Banks Foundation for Young Entrepreneurs
•
Purpose
- To find the best from startups representing its nation
- To promote information exchange between startups
in different markets so they can gain global insight
- To provide opportunity for startups to meet policy makers
and to discuss how to develop entrepreneurship-friendly
environment
•
Participants: National representative startups from 40 nations
•
Travel and lodging: Cost for one person per startup will be
provided by Banks Foundation for Young Entrepreneurs
*Booth space for exhibition will be provided upon request
PARTICIPANT SELECTION
ELIGIBILITY
-
Must be recommended by Startup Nations delegate


-
To be a winner of a local competition or
To provide proof of excellence, such as recommendation letter from a reputable
organization (e.g. University, Government organization, Venture Capitals, etc.)
Innovative business model in tech industry: tech-based startups
 Focus on IT hardware & software industry
-
Service needs to have English or able to demonstrate the service in English
-
Must be incorporated after 2011.11 (3 years or less)
-
Sum of external funding must be less than USD 2M
-
Need to have minimum viable product
-
Need to upload presentation file (video or PT) to a website when requested
PRIZE
Prize
USD 100K Cash Prizes
USD 50K Equivalent Perks
for the winners of the competition
for the top 5 of the competition
1st
Place Award: USD 50K
2nd
Place Award: USD 30K
People’s Choice Award: USD 20K
+
All winners will be given
private IR pitch opportunities
with sponsors
Examples:
Microsoft BizSpark program support,
Amazon AWS voucher,
Google Cloud Service support,
IBM Catalyst voucher,
Mentoring session with prominent
accelerator or venture capitals,
…and many more
* Note: All prizes are subject to change depending on sponsors’ request
JUDGING
CRITERIA
JUDGES
Total: 100 points
1. Problem and Market needs (20)


Clear, easy to understand problem
Size and growth of opportunity are
attractive enough
1. Semi Final: 5 judges * 2 groups

2. Solution (30)


Concise and effective to solve the problem
Complete features and benefits
3. Business Model (20)

2. Final: 5 judges + 100 Attendees

Judges
2 from venture capitals
2 from sponsor companies
1 from Startup Nations

Attendees
Selected among registered attendees in
advance & will be given devices to vote
for People’s Choice Award
How-to-make money part makes sense
4. Management Team (20)

Has what it takes to execute the plan
5. Competitive advantage (10)

Strengths against competitors
Judges
1 from venture capital
2 from sponsor companies
2 from Startup Nations
SCHEDULE
DATE
LOCATION
TIME
11.23 (Sun)
D.CAMP
All Day
DETAIL
Rehearsal
World Startup Competition - Semi Final
: 40 Startups pitch for 5 minutes in 2 groups
11. 24 (Mon)
15:00~17:00
- 30% from web vote by attendees (voting to be available from November)
WALKERHILL
- 70% from evaluation by judges
VISTA HALL
11. 25 (Tue)
- 2 groups will be split by similar geographical region
World Startup Competition – Final
15:30~16:50
: Top 5 participants from semi final pitch for 5 minutes & 10 minute Q&A
- 100% from evaluation by judges for 1st and 2nd place
- 100% from onsite vote by 100 attendees for People’s Choice Award
* Note: Semi Final group can be split by a different criteria depending on the situation
Time can be subject to change