Startups to Compete for Chance to Attend Startup Bootcamp and $100,000 in Prize Money
AUSTIN, Texas, Aug. 4, 2011 /PRNewswire/ -- The Innovators Network is launching its first ever pitch competition for tech entrepreneurs, Startup ELEV8r Mobile 2011. The contest invites startups with mobile-focused products to submit a three-minute video of their pitch and a "canvas" of their business model to apply. On November 1st and 2nd in Austin, Texas, the ten finalists will go through a "Startup Bootcamp" before they compete for $100,000 in prize money.
This competition is being made possible through partnership with telecommunications firm AT&T, mobile apps trade group Association for Competitive Technology (ACT), and Startup Weekend, a non-profit that helps entrepreneurs launch their businesses in one weekend.
"We are incredibly excited about ELEV8r Mobile 2011 and the opportunity it can provide for early-stage mobile startups," said Innovators Network Executive Director Mark Blafkin.
The Startup ELEV8r Mobile 2011 contest is open to U.S.-based startups with "mobile-y" products, including smartphone apps, mobile payment systems, mobile-health solutions, and cloud-based services with mobile front ends. To qualify, companies must be less than five years old and cannot have raised more than $1 million. The products being pitched must either be in beta or have spent less than one year on the market.
To apply, startups must submit a three-minute video pitch of their business and, rather than a traditional business plan, a "business model canvas." Business model canvases are derived from the work of business guru Alex Osterwalder, entrepreneur-turned-professor Steve Blank, and others, and are designed to be more fluid and reflective of the ways startups often need to pivot several times to achieve success.
Applications are due by October 7th, 2011. The complete rules and guidelines can be found here.
The Innovators Network is a 501c3 non-profit organization supporting the creation and advancement of high-growth innovative technology firms. The Innovators Network Startup ELEV8r program helps early stage technology startups get to the next level by transforming their innovations into a successful business. More than 1500 entrepreneurs in the U.S. and Europe have attended events and webinars hosted by the Innovators Network. Learn more at www.innov8rs.org
SOURCE Innovators Network