Deadline: 1st April 2024 | Entrepreneurship World Cup Startup Pitch Competition 2024
| Title: | Entrepreneurship World Cup Startup Pitch Competition 2024 |
| Organisation: | Global Entrepreneurship Network |
| Fund/Grant: | $1 000 000 |
| Deadline: | 1st April 2024 |
| Eligible countries: | All |
Are some of the largest problems in the world being solved by your business? No matter where you are in the globe, what sector you are in, or what stage your business is in. The Entrepreneurship World Cup invites you to the 2024 edition and looks forward to another exciting year of competition and global connectedness.
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However, EWC is more than just a game. Numerous coaching and training sessions have been held, and high-quality entrepreneurship programmes customised for each of the three World Cup participating stages have also been offered. The network you create along the way will provide vital advice and assistance in guiding your business towards its growth goals. All businesspeople are welcome.
Categories
EWC Global maintains the right to reclassify an applicant’s self-reported Stage classification during the application process.
concept phase
- Self-Funding and Conceptual: Your firm (or concept) is self-funding from the founders and their family and friends to start up commercial operations or construct a prototype (No Revenue).
- Unregistered Entity: Your business is developing a business plan as a way to start conducting business operations but has not been officially recognised as a legal entity (No Revenue).
- Your business may have recently obtained legal registration, but it now lacks an MVP or a commercially viable product (no revenue).
- Your business may be a registered entity that is actively attempting to create an MVP (No Revenue).
- Working on a university research project that will eventually become a company (tech spin-off), you are an aspiring entrepreneur.
Very Early
- Your business is seeking early user/customer validation in the market (Nascent Revenue) for its commercially viable MVP.
- Seeking Early Investment: Your business is prepared for (or actively looking for) its first equity investment.
- Early Indicators of Growth: Your company has already demonstrated early signs of market acceptance and business expansion in your local market (Generating Revenue).
- Early Equity Funding: Your business has successfully raised seed and angel capital and is getting ready to raise Series-A capital.
- Early International Sales: Although your business is beginning to expand internationally,
- Nascent Bootstrapping: Your business has signs of modest organic growth and is not looking to raise equity.
- Your business intends to create or is beginning to form a board of directors.
- Creating Departments: As your business expands, there may be a move to hire corporate executives on a part-time or full-time basis, relieving the CEO or founder of some responsibilities for the business’ operations.
Growth Stage
- Consistent development: For at least three years, your business has demonstrated steady development with strong local market validation.
- Clear Department Hiring Standards: Your business created a defined organisational structure with departments and a seasoned leadership team.
- Strong Governance: Your company’s board of directors is active and engaged.
- Your organisation demonstrates a repeatable business strategy with consistent, predictable recurring sales across a number of markets.
- Raising Equity for Scalability Your business has completed a Series-A (or higher) round.
- Evergreen: Without outside funding, your business can demonstrate strong organic growth (you are bootstrapping).
- Exit-Ready: You are prepared to exit the business (seeking an acquisition or private equity) because it has reached its growth limit or plateau.
Participation Phases
- First stage: registration
- The competition website automatically onboards applicants and segments them into the proper Idea, Early, and Growth categories according on their stage.
- Step 2: EWC Qualifications
- The most promising companies from each of the three stages are chosen from a Global Pool in which all registered participants compete against one another. Phase 3 of the competition sees up to 250 competitors move on from the EWC Qualifiers to the EWC Group Stage.
- Phase 3: EWC Group Stage and Bootcamp
- Each EWC Group Stage competitor is invited to take part in a structured online bootcamp with a cohort divided into Idea Stage, Early Stage, and Growth Stage. Teams take part in workshops and mentorship sessions at the cohort level that are intended to examine specific problems, identify workable solutions, and polish pitches and presentations.
- Contestants competing in the EWC Group Stage are judged at the discretion of the EWC judging committee(s) based on the outcomes of their due diligence and other elements related to the Bootcamp. The “EWC 100” are chosen from the top 100.
worldwide finalists.
- Fourth Stage: World Finals
- The EWC 100 are invited to compete in the EWC Global Finals in Riyadh, Saudi Arabia, for rewards that include a portion of $1 million USD.
eligibility requirements
- There isn’t a cost to enter.
- Any startup from anywhere in the globe is welcome to submit an application and do so.
- Startups applying must be lawfully registered in their home country or have plans to do so.
- By the time of the Global Finals, applicant startups must be no older than ten years. The formation date of the corporation, not the idea’s inception, determines the entity’s age.
- EWC Global Winners who took home cash awards in previous EWC Global Finals competitions (2019–2023) are eligible to compete again in 2024 with the following eligibility requirements:
- EWC Only different prize categories from the one they won during an earlier competition participation are open to applicants.
- The only EWC competitors who are ineligible to compete as applicant candidates for EWC 2024 are the Grand Prize winners (first place overall).
- Past second- through fifth-place winners, as well as category champions, are welcome to apply and are encouraged to do so, but they are not permitted to contend for the same position.
- Employees of the competition’s organisers, their affiliates, subsidiaries, advertising, promotional agencies, suppliers, and members of their immediate families are not permitted to enter.
Criteria
- At the time of submission, the application team member who will represent the company must be at least 18 years old.
- The following conditions must be met if a prospective candidate does not fulfil the minimum age requirement but still has a concept or a registered company that they wish to be taken into consideration for admittance to the competition:
- Co-applicants must be a parent or legal guardian.
- The applicant’s parent or legal guardian must agree to all EWC participation and provisions on behalf of the applicant’s kid.
- The applicant understands that if accepted, both the applicant and the parent or legal guardian would travel as corporate representatives to the EWC Global Finals.
- Both the applicant and the parent or legal guardian must adhere to all Saudi Arabian entrance procedures and visa requirements.
- Applications must be the exclusive original creation of the participating company.
- Only applications that are comprehensive and satisfy competition deadlines will be taken into consideration.
- The Global Finals competition, all virtual and live public facing pitching opportunities, bootcamps, and/or training sessions are all held in English, which is the only official language of the EWC at the international level.
- Applications must be filled out in full and delivered in English.
- The application process is open to non-English speakers, but they must identify at least one (1) English-speaking team member who may act as their company’s representative.
For more information, visit the Global Entrepreneurship Network.
