Are you a young tech founder with a groundbreaking startup idea?
Then you won’t want to miss this opportunity to submit to our online pitching event and
go to Silicon Valley pre-acceleration program
Timeline
Apply until – 10th June
Pitch Day- 27th June
SV Program – Autumn
Tickets
Free entry for binnno members (Please “Register” on the platform to secure your spot in the audience as founders, consultants or explorers).
To participate in the startup evaluation and pitch event, please submit your startup on the platform and follow the instructions below in the registration section. You can apply only if you have an incorporated company.
Out of the numerous startups that apply, only 10 will be selected by our core mentors and investors to pitch on the final demo day.
Panel
DraperU Team members
DraperU Acceleration Program Manager – Ms. Daniela Quintero
Măgurele Science Park – Innovation Expert/ Growth Advisor – Ms. Roxana Lupașcu
binnno core Mentors and Partners
Prizes
Draper University – Hero Training
As prize, we offer a full scholarship worth $12,000 that will cover:
- Accommodation at Draper University
- All Events and Activities with Draper University
- Some meals (10-15 approx.)
Extra expenses that you’ll cover will be:
- Personal expenses
- Flight tickets
- Daily meals
MVP Development Services – valued at 5000 Euros – 2nd Prize
Provided by 2webservices company.
Matching expertise – Startup package – valued at 580 Euros – 3rd Prize
Visionary Bundle – surprise virtual goodies
Format
- 6 PM Bucharest hour (GMT+3) Event Start
- 6 – 6.15 PM – Panel representatives and binnno core members introductions
- 6.15 – 8.00 PM – Pitches & Q&A
- 8.00 – 9.00 Scores & Networking
Online, in binnnoLab virtual hub. To enter the hub you must be logged in to the platform and access the event from your account. Check your local time zone.
You will pitch in English. The pitch deck must be also in English.
Who's The Event For
We are hosting a pitching competition specifically for international young tech founders like you, and the grand prize is a scholarship to attend a pre-acceleration program in Silicon Valley at Draper University.
This is your chance to pitch your startup to a panel of experienced investors and industry experts and get valuable feedback and support for your business.
If you are an early-stage Tech founder ready to pitch and have a registered company, this event is for you!
Having a valid USA visa, or the ability to secure one at least 2 months prior to the departure, is a significant advantage when determining the winner, as it enables participants to overcome travel restrictions and ensures their eligibility to attend and compete in the event.
So why wait? Enroll your startup in our virtual pitching competition today and take the first step toward realizing your Silicon Valley dreams.
The future of your startup is in your hands – seize this opportunity and let’s make it happen!
Startup Registration
To enter the competition, you have to:
Register your Startup on binnno (mandatory);
- Complete the info and submit the deck in the Match me with an Investor Form (mandatory);
- Secure the event ticket here (mandatory).
If you qualify among the 10 startups finalists for the pitching contest also:
- Submit for prep days *(1-2 days) in the hub with our mentors prior to the event (optional but recommended);
- Have a working microphone and camera and test them in our virtual hub (mandatory);
- Enter the Virtual Hub during the pitching event (mandatory). We recommended you enter from a Desktop device and Chrome browser.
Audience Registration
binnno ecosystem members
If you have an account on binnno.com (startup, consultant, or explorer) all you have to do is just be online in the hub – binnnoLab at the proper local timezone.
To enter the hub you must be logged in to the platform and access it from your dashboard.
Details
Startups will be evaluated to enter the pitch competition based on the following criteria: innovation, market potential, team, and startup feasibility, etc (see the list below). The panel of judges will be composed of experienced acceleration program managers and industry experts.
Develop a concise and compelling elevator pitch that clearly communicates the problem being solved, the solution being offered, and the unique value proposition of the product or service.
Create a clear and visually appealing pitch deck that tells a compelling story about your product or service being offered. The pitch deck should include information on the problem being solved, the solution being offered, the target market, the business model, the team, and the financials.
A functional and user-friendly MVP that demonstrates the value and potential of the product or service being offered.
Conduct thorough market research to gain a deep understanding of the target market, including customer needs and preferences, market trends and dynamics, and competitive landscape.
Analyze the competitive landscape and identify the strengths and weaknesses of competitors. Highlight the unique selling points and competitive advantages of the product or service being offered.
Highlight the team that can execute the business plan and overcomes challenges. Identify and secure the necessary resources, including funding, technology, equipment, and partnerships, to support the growth and success of the business.
Establish clear and measurable metrics and KPIs (key performance indicators) that can track progress, identify areas for improvement, and evaluate success.
Develop a comprehensive financial plan that includes the funding required, expected return on investment, and other financial metrics. Be prepared to discuss financial projections, revenue streams, and cost structure.
Prepare a video demo of the MVP to showcase the functionality and usability of the product or service.
The top 10 startups will be selected as finalists and invited to participate in the online pitch competition in our virtual hub. Finalists will be notified via email and must confirm their participation within 48 hours.
The live pitch competition will be held online via our virtual hub platform. Finalists will be given a maximum of 10 minutes to pitch their startups, including a Q&A session with the judges.
1st prize – The winner of the competition will receive a scholarship to attend a prestigious pre-accelerator program in Silicon Valley.
This scholarship includes house living expenses in Draper Campus, some meals, and access to a network of mentors and resources to help the winner meet relevant investors. The prize does not include the flight tickets, other expenses necessary with VISA, living, and traveling in the USA.
If the startup founder declines the prize for any reason or doesn’t have a USA visa available for the program prior to 1 month’s program date the prize will be redistributed to another startup founder that meets all the criteria.
Hero Training is an intensive, immersive five-week entrepreneurship program in Silicon Valley, CA. During your stay at our San Mateo campus, you’ll develop the essential startup skills you need to launch and sustain a successful venture, gain exposure to industry experts and network with other like-minded entrepreneurs who share your vision of changing the world. Throughout also learning to refine your pitch to capture your audience and engage them it your startup vision.
As prize we would offer a full scholarship worth of $12,000 that will cover:
- Accommodation at Draper University
- All Events and Activities with Draper University
- Some meals (10-15 approx.)
Extra expenses that you’ll cover will be:
- Personal expenses
- Flight tickets
- Daily meals
We look forward to you join the program this Fall 2023, and becoming part of an amazing experience that will change your startup journey and become a HERO.
2nd prize – MVP Development Services valued at 5000 euros – provided by 2webservices company.
Eligible technologies – Java, JavaScript, PHP, Phyton, SQL.
The prize for MVP web development services valued at 5000 euros is transferable but must be used within 12 months from the date of the award. Prior written notice is a must at [email protected] and acceptance from our team.
3rd prize – Startup package built for founders – provided by binnno ecosystem mentors.
The prize for the package valued at 580 euros can be transferable if the original winner transfers or recommends another startup founder within 12 months from the date of the award. Prior written notice is a must at [email protected] and acceptance from our team.
The prizes cannot be redeemed for cash or any other substitute.
By participating in the competition, you agree to grant the organizers a non-exclusive, perpetual license to use any materials submitted as part of the competition evaluation. You retain ownership of any intellectual property related to your startup.
The organizers of the competition will not be held responsible for any damages or losses incurred by participants as a result of their participation in the competition or timezone, or technological mixups. By participating, you agree to release the organizers from any liability related to the competition.
binnno and its partners are not liable for any loss or damage that may occur during the provision of the prizes.
By accepting the prizes, the winner agrees to be bound by these terms and conditions.
Possible Rescheduling or Cancellation
While we are committed to hosting this event and ensuring a memorable experience for all attendees, the success of the event heavily relies on a sufficient number of participants. In the event that we do not achieve the minimum participant requirement by 10.06.2023, we regretfully inform you that the event may not take place as scheduled.
We understand that this situation may cause disappointment, and we apologize for any inconvenience it may cause. Please note that we will make all efforts to reach the minimum participant requirement and explore alternative solutions to ensure the event’s realization. However, if these efforts prove unsuccessful, we reserve the right to cancel or reschedule this event at our discretion.
We encourage you to stay connected and updated with event announcements via our official communication channels. Should the event face cancellation or rescheduling, we will promptly notify all registered participants and provide relevant information regarding alternative arrangements, if applicable.
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