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Entrepreneurship World Cup Pitch Competition 2024 ($1million prize)

Join the Entrepreneurship World Cup Pitch 2024 (EWC), the ultimate startup showdown and support program! Since 2019, EWC has been the global stage for over 370,000 entrepreneurs from 200+ countries, offering a shot at $4 million in cash prizes and a whopping $150 million in in-kind goodies. But it’s not just about the moolah – EWC is your ticket to coaching, training, and a network that’s pure gold. It’s more than a competition; it’s your launchpad to growth.

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EligibilityDetails
Level:Entrepreneurs
Minimum Age:None.
Required GPA:Not specified.
Eligibility Country:Open to all nationalities
Gender:All genders.
Race/Ethnicity:None.
Scholarship Deadline:April 1, 2024.

To qualify for the EWC Pitch Competition, adhere to the following requirements:

  1. No Entry Fee:
    • Participation is free of charge.
  2. Global Participation:
    • Startups worldwide are invited to apply and become applicants.
  3. Legal Registration:
    • Applicant startups must be legally registered or have plans for registration in their country of residence.
  4. Startup Age Criteria:
    • Applicant startups must be ten years old or less by the date of the Global Finals. The entity’s age is determined by the date of company registration, not the idea’s conception.
  5. Eligibility for Previous Winners (2019-2023):
    • EWC Global Winners who received cash prizes in previous editions are eligible to participate in 2024 with specific considerations for future prizes.
    • EWC Applicants can only qualify for different prize categories than the ones earned in previous competitions.
    • EWC Grand Prize winners (first place overall) are ineligible for applicant candidacy in EWC 2024.
    • Past second through fifth place winners and category winners are eligible and encouraged to apply but cannot compete for the same placement.
  6. Fair Competition Measures:
    • To ensure fairness, there is no fast-track for past winners to enter the Global Finals, and all applicants undergo the same judging process.
    • For instance:
      • Entrant A, winning the Idea Stage prize in 2021, upon reapplication, will be considered only for EWC category prizes and/or non-Idea Stage “ranked prizes.”
      • Entrant B, winning a specific category prize in 2023, upon reapplication, will be considered only for any category prize except the one previously won and/or all ranked prizes.
      • Entrant C, securing second place in 2020, upon reapplication, will be considered only for EWC category prizes and/or any ranked prize except second place.

Travel to the EWC Global Finals for the EWC 2024 is granted through a full travel scholarship, exclusively for one (1) designated traveler, who must be the Founder, Co-Founder, or CEO. In exceptional cases, subject to Organizer approval, the CFO, COO, or CTO may participate in place of the designated traveler, based on criteria such as health, English language proficiency, or travel documents. Once the designated traveler completes the travel document issuance process, no changes are permitted. If a designated traveler cannot attend, the company forfeits its Global Finals spot.

The scholarship encompasses a round-trip flight ticket, visa, hotel accommodation, and local transportation. Additional Co-Founders or Team Members are welcome at the EWC Global Finals, but they must independently cover expenses for travel, lodging, venue access, and any relevant travel documents, including visas.

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As for the EWC Awards and Cash Prizes, the EWC 100 finalists have the opportunity to share a total of US $1 million in non-dilutive cash prizes.

Section 1: Categories

  • All applicants must fit one of the following three (3) categories.
  • These categories offer multiple stage-appropriate definitions and classification points, and within this framework, at least one (1) defining criteria must apply to qualify for that stage.
  • EWC Global, in the application review, reserves the right to recategorize an applicant’s self-reported Stage classification.
  • Idea Stage
    • Self-Funding and Conceptual: Your company (or concept) is self-funding directly from founders + family/friends to build a prototype or initiate business operations (No Revenue)
    • Unregistered Entity: Your company has not been legally registered as a legal entity and is building a business plan as a pathway to initiate business activities (No Revenue)
    • Registered Entity / No Prototype: Your company could be recently legally registered but does not have an MVP or commercially viable product (No Revenue)
    • Registered Entity / Prototyping: Your company could be registered and is actively working to develop an MVP (No Revenue)
    • Aspiring Entrepreneur: You work on a university research project that will turn into a company (tech spin-off)
  • Early Stage
    • Seeking Validation: Your company has commercially viable MVP that is seeking early user/customer validation in the market (Nascent Revenue)
    • Seeking Early Funding: Your company is ready for (or actively seeking) its first equity investment
    • Early Signs of Growth: Your company shows early evidence of market validation and evidence of business growth in your home market (Generating Revenue)
    • Early Equity Funding: Your company successfully earned seed / angel funding and preparing for Series-A funding
    • Early International Sales: Your company shows signs of international sales but development is still nascent
    • Nascent Bootstrapping: Your company shows evidence of small organic growth and is not seeking equity fundraising (bootstrapping)
    • Steps Toward Governance: Your company is Intent or starting to develop a board of directors
    • Creating Departments: Your company is growing and there is movement to hiring company executives (part-time or full-time) relieving the CEO/Founder from some parts of the company’s operations
  • Growth Stage
    • Consistent Growth: Your company shows evidence of strong local market validation with consistent growth for at least three years
    • Defined Departments: Your company developed an operating structure containing departments with a settled executive team that has clear department hiring standards
    • Strong Governance: Your company has an active and engaged board of directors
    • Repeatable: Your company shows clear evidence of a repeatable business model that has predictable recurring sales in multiple markets
    • Equity Fundraising for Scalability: Your company successfully closed a Series-A (or beyond) round
    • Evergreen: Your company can prove strong organic growth without fundraising (you are bootstrapping)
    • Exit-Ready: Your company has reached its growth limit or plateau and you are exit-ready (seeking acquisition or private equity)

Section 2: Phases of Participation

  • Phase 1: Registration?
    • Applicants are on-boarded automatically by the competition website and segmented into appropriate categories based on their stage: Idea, Early, Growth.
  • Phase 2: EWC Qualifiers
    • All registered participants compete against one another in a Global Pool to identify the most-promising startups among each of the three stages. Up to 250 contestants advance past the EWC Qualifiers to the EWC Group Stage in Phase 3.
  • Phase 3: Bootcamp + EWC Group Stage?
    • All EWC Group Stage contestants are invited to participate in a structured virtual bootcamp comprising one cohort organized by Idea Stage, Early Stage and Growth stage. Teams participate in a cohort-level workshop and mentorship sessions designed to explore unique challenges, uncover applicable solutions and refine their pitch and presentation.
    • EWC Group Stage contestants are evaluated at the discretion of EWC judging committee(s) based on the results of due diligence and other factors tied to the Bootcamp. The top 100 are selected as the “EWC 100” Global Finalists.
  • Phase 4: Global Finals?
    • The EWC 100 are invited to compete in Riyadh, Saudi Arabia at the EWC Global Finals for prizes including a share of USD $1 million.

Interested and qualified? Go to Entrepreneurship World Cup on genglobal.submittable.com to apply

  • Applications must be entered on the official application platform available at entrepreneurshipworldcup.com to be considered.
  • Applications must have a minimum of one (1) representative, and this representative must be an executive-level member authorized or deputized to act on behalf of the applicant organization.
  • Submitted applications will be considered to be a “team”, regardless of its company size, according to the categories of the competition (see ‘Categories’ section below).
  • The applicant team member representing the company must be 18 years old at the time of submission.
  • If an aspiring applicant does not meet the minimum age criteria but has an idea or registered company that wants to be considered for admission into the competition, the following provisions must hold:
    • A parent or legal guardian must act as a co-applicant.
    • The parent or legal guardian of the applicant must consent to all EWC participation and provisions in representation of their child.
    • The applicant acknowledges that if selected to participate in the EWC Global Finals, both the applicant and the parent or legal guardian will travel as company representatives.
    • The parent or legal guardian, and applicant, must conform to all visa requirements and entry processes to the Kingdom of Saudi Arabia.
    • The applicant acknowledges that travel and hospitality costs for the parent or legal guardian are not covered by the EWC Global Team or its sponsors and/or hosts.
  • Application submissions must be the original work solely of the participating company.
  • Only completed applications meeting competition deadlines will be considered.
  • English is the only official language of the EWC at the global level- this includes all virtual and live public facing pitching opportunities, the Global Finals event, and bootcamps and/or training experiences.
    • Applications must be completed and submitted in English
    • Non-English speaking applicants are welcome to apply, but must disclose at least one (1) English speaking team member that can serve as its company representative.
    • If selected to participate in a National Finals or Global Final event, the team member with sufficient English language proficiency must represent the company.
  • Applicants must take all necessary steps to ensure adequate protection of any intellectual property that might be described in their submission (i.e. appropriate intellectual property filings, patent, and copyright notices, etc.).
    • EWC Global commits to a policy of not monetizing applicant data.
    • EWC Global commits to holding applicant data only for the purposes of the competition journey (application intake, national judging, EWC bootcamp, and Global Finals).
    • Applicants agree to the limitation of liability provisions and all other terms and conditions set out in the Terms of Use below.
  • The Global Organizers reserve the right to disqualify any submission at any time that, in its judgement and discretion, violates the spirit of the competition, its guidelines, processes, and Rules or Terms and Conditions.
  • Any Participating Team engaging in unethical activities, including lying, misrepresentation, non-disclosure of material information, or any activity that may adversely affect the image of EWC or Organizers, will be disqualified and barred from participation in all EWC related activities.
  • Applicants agree to participate in media and press opportunities related to the EWC competition.
    • EWC Global Staff will offer advance notice to any participants of such opportunities as they arise.

For more details, visit Entrepreneurship World Cup website

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