Introduction toWorld Startup Competition

• 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

COMPETITION OVERVIEW

PARTICIPANT SELECTION

- 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

ELIGIBILITY

Prize

USD 100K Cash Prizes

for the winners 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

PRIZE

USD 50K Equivalent Perks

for the top 5 of the competition

* Note: All prizes are subject to change depending on sponsors’ request

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

Total: 100 points

1. Problem and Market needs (20) Clear, easy to understand problem Size and growth of opportunity are attrac-

tive enough

2. Solution (30) Concise and effective to solve the problem Complete features and benefits

3. Business Model (20) 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

CRITERIA

JUDGING

JUDGES

1. Semi Final: 5 judges * 2 groups Judges 1 from venture capital 2 from sponsor companies 2 from Startup Nations

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

DATE LOCATION TIME DETAIL

11.23 (Sun) D.CAMP All Day Rehearsal

11. 24 (Mon)

WALKERHILLVISTA HALL

15:00~17:00

World Startup Competition - Semi Final : 40 Startups pitch for 5 minutes in 2 groups

- 2 groups will be split by similar geographical region

- 30% from web vote by attendees (voting to be available from November)

- 70% from evaluation by judges

11. 25 (Tue) 15:30~16:50

World Startup Competition – Final: 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

SCHEDULE

* Note: Semi Final group can be split by a different criteria depending on the situation Time can be subject to change