Enter the Girls in Tech 2021 Startup Challenge for female founders. Now in its eighth year, the competition will be available in a fully virtual format for the first time. Historically, the Startup Challenge has helped provide startups with funding, mentorship, media exposure, and exposure to a community of investors and change-makers committed to supporting women entrepreneurs.
Sponsoring Agency: Girls in Tech
Type of Fund: Challenges, Competitions or Prizes
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 07/16/2021
Size of the Fund: Less than USD $50,000
Enter the Girls in Tech 2021 Startup Challenge for female founders. Now in its eighth year, the competition will be available in a fully virtual format for the first time. Historically, the Startup Challenge has helped provide startups with funding, mentorship, media exposure, and exposure to a community of investors and change-makers committed to supporting women entrepreneurs.
At a time when venture funding in female-only founded startups has remained at only 3% percent of all venture dollars since 2012 – YouNoodle is thrilled to announce that Girls in Tech is seeing the evidence of an uptick in women founders at startups around the world! For the record, that number increases to only 7% for male and female-founded teams (TechCrunch, 2017).
Prizes
• 1st Place: $10,000
• 2st Place: $5,000
• 3st Place: $1,250
Eligibility Criteria
• Individual participants must be at least 18 years old.
• All teams must have at least one female founder.
• All startups must be younger than 24 months.
• The startup must have a software or hardware product.
• The startup cannot have received more than 2M in funding.
Requirements
• Submission form
o Submit your project to the Girls in Tech YouNoodle before the deadline and complete the submission form questionnaire. Submission (including both a video pitch and pitch deck) can be edited until the deadline.
• Pitch Deck Video Presentation
o Upload a short pitch deck video presentation. This video can be submitted as a YouTube link on your YouNoodle application.
o The video should be a maximum of 5 minutes long and include the following details:
Problem
• Explain the problem that you are solving and how consumers will benefit from your solution. Use a story to paint the picture so investors can understand your business.
Vision
• Explain your vision and the mission of your company. Keep it short and straight to the point.
Unique Value Proposition
• What makes your solution different from other companies who are addressing the same customer problem?
About the Team
• Highlight key team member expertise and how these will contribute to the startup.
Milestones
• Tell about any growth or milestones you have achieved so far and how a new funding round might expedite that growth.
Business Model
• Tell how the business works or will work? How does the business make or will make money? Do you have a marketing strategy?
Competition
• Who are your competitors and what makes you better than them?
Judging Criteria
• Business Description:
o How well was the concept explained?
• Market Analysis:
o Is there a genuine need for the product?
o How well was the target market defined?
• Product Analysis:
o Is the description of the product clear?
o Is the product feasible?
• Competition:
o Has the startup clearly identified its potential competitors and defined their strengths and weaknesses?
• Marketing Strategy:
o How well defined and realistic is the startup's current marketing plan?
• Presentation:
o Did the individual/team engage the audience?
o Did the individual/team speak with confidence?
o Were the visual aids (i.e PowerPoint slides, etc) clear and straight to the point?
o Was the overall pitch compelling?
More information at: https://www.facebook.com/GirlsInTech/photos/a.546860985372361/4164492106942546/
Eligible Countries:
All Countries
