Events

Global Startup Challenge 2017 – Fintech Series

An initiative by NRI Startup India, EDGE 196 is a platform for startups around the globe to participate in a Global Startup Challenge. An annual event, this year too, EDGE 196 has initiated a challenge empowering fintech startups to come forward and showcase their startups and innovations. This will be an arena for the startups to come up and become the next unicorn in the industry.

 

The challenge is divided into 26 clusters which include 196 countries. The aim of this challenge is to identify startups that has the potential to become the next big player in the market. The startups from each of these clusters will compete against the others in their respective clusters. From each cluster, three startups will be shortlisted and will be then invited for an online pitch via video conference followed by a Q/A session. Following this, one successful startup will be selected from each cluster and will be offered a term sheet that they will be complying with. They will also be offered an acceleration program that will be run by one of EDGE 196’s global partners.The winner of each cluster will be awarded $50,000 as investment and the final winner will get  $1 Million as Investment.

To apply, the startups would have to answer a few questions which involve information about the date of incorporation, brief description, stage, team size, annual revenue, the amount of revenue the startups are looking for from investors and upload the pitch deck along with a video. Once shortlisted, the startup will be contacted by a team of analysts. Startups can apply online till 14th November  2017, evaluation of the Start-ups will be between 1st to 15th November 2017 (shortlisting), online pitch session will be between 24th November 2017 (video conference) and the Grand Finale will be on December 2017.

 

Eligibility Criteria

A start-up must fulfil the following requirements to qualify for the Start-up Challenge:

Startup must be in Fintech Domain

Must be at a MVP stage or later

Preferably with influence in terms of clients/revenue.

No more than 3 years in development.

With a significant Target Audience and intending to go global.

At least 2 people working on it.

 

Selection Criteria

The jury will select the startups on below parameters:

Problem Solving: Startups with a simple solution and a powerful impact.

Team: Passionate founders and a team that believes in their vision.

Innovation: The technology behind the original solution and future scope.

Global Scalability: Sustainable startups that have scalable models.

 

Benefits

Global Market Access: The start-ups with potential are facilitated and presented into the global market for broader audience.

Investment: The winning start-up from each cluster gets investment of 50,000 USD to finance their project. One potential start-up across the globe gets the investment of whopping 1 Million USD.

Acceleration: The winning start-ups from each cluster get the chance to enter into acceleration program that is run by one of Edge 196’s global partners.

Startup Summit: The final 26 successful start-ups are then invited to the Grand Finale to pitch.

Continuity Investment: The selected start-up has the chance to raise its continuity investment through Global Investment Partners. (Investment is equity based).

 

Application Link

To know more details about the clusters, where to apply and how, go through the following link: http://www.edge196.com/all-challenges

About the author

IndiStart Team

IndiStart.com is your one-stop destination for StartUp and entrepreneurship related news, views, information, tools and resources. Read refreshing and informative articles, interviews, news about the StartUps and business around you. Stay informed, stay motivated.

IndiStart - India Starts Here

Related Posts

Video

Uniquely strategize progressive markets rather than frictionless manufactured products. Collaboratively engineer reliable.

Advertisement

Advertisement Small

Flickr

  • Aphrodite
  • Aphrodite
  • Caprone
  • Eirene & Ploutos
  • Nymph (Thasos marble)
  • Athlete
  • Elena Fausta
  • Hadrian
  • Caravaggio (Villa Aurora)

Follow Me

Collaboratively harness market-driven processes whereas resource-leveling internal or "organic" sources. Competently formulate.

ThemeForest

Collaboratively harness market-driven processes whereas resource-leveling internal or "organic" sources. Competently formulate.

Calendar

January 2022
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31  

RSS Meks Blog

  • 10 Best Knowledge Base & Wiki WordPress Themes 2021 September 15, 2021
    Running a successful online business requires an exceptional WordPress knowledge base theme that organizes documentation and helps customers. Customization options, intuitive navigation, unique layouts, and fast responsiveness are just some of the features you need. The following 10 WordPress wiki themes represent the best options for 2021 and beyond. Explore the full range to determine […]
    Dusan Milovanovic
  • How to increase WordPress Memory Limit (quick fixes) June 16, 2021
    Here is a post about how to increase the memory limit in WordPress. Allowed memory size exhausted error message showed up in your WordPress installation? No worries – this is one of the most common errors in WordPress. You can apply an easy fix by increasing the memory limit in your PHP. Table of Contents […]
    Dusan Milovanovic
  • How to use (and why) WordPress sitemap plugin March 1, 2021
    Did you know that by knowing how to use the WordPress sitemap plugin you can significantly improve your site’s visibility and traffic? Although it isn’t mandatory to have a sitemap on your site, having one significantly improves the site’s quality, crawlability and indexing. All this is important for better optimization, which is why we wanted […]
    Ivana Cirkovic
  • 22 free and premium podcast software for your show [2021 edition] January 18, 2021
    You’re determined to start or improve your podcast but don’t know which podcast software to use to really make it stand out? We’ve got you! #podcasting Top 22 free and premium podcast software for your show #WordPressTips #podcasting The post 22 free and premium podcast software for your show [2021 edition] appeared first on Meks.
    Ivana Cirkovic
  • Digital storytelling with WordPress – an all-in-one guide to make your web stories pop! November 23, 2020
    Wondering how to improve digital storytelling with WordPress and build more awareness and exposure of your business? Let our guide lead the way. The post Digital storytelling with WordPress – an all-in-one guide to make your web stories pop! appeared first on Meks.
    Ivana Cirkovic
  • How to use WordPress autoposting plugin to improve your visibility and SEO? September 10, 2020
    Did you know you can use the WordPress autoposting plugin for your content efforts and improve not only your time management but your business and visibility as well? The post How to use WordPress autoposting plugin to improve your visibility and SEO? appeared first on Meks.
    Ivana Cirkovic
  • How to create a personal branding site? Step-by-step DIY guide August 15, 2020
    Looking for ways and means to create a personal branding site? Well, look no further ’cause we’re giving away all the how-to’s to do it yourselves! The post How to create a personal branding site? Step-by-step DIY guide appeared first on Meks.
    Ivana Cirkovic
  • Top 15 WordPress content plugins and tools to improve your visibility and rankings July 16, 2020
    Let’s take a look at some of the must-have WordPress content plugins and tools to use to improve both your UX and rankings. The post Top 15 WordPress content plugins and tools to improve your visibility and rankings appeared first on Meks.
    Ivana Cirkovic
  • WCEU 2020 recap – key takeaways from the biggest online WordPress conference June 9, 2020
    Missed WCEU 2020 and all the exciting stuff from there? Here are all the key takeaways and main points to remember so, take notes! The post WCEU 2020 recap – key takeaways from the biggest online WordPress conference appeared first on Meks.
    Ivana Cirkovic
  • How to change the WordPress username? An easy step-by-step guide May 14, 2020
    Wondering how can you change WordPress username once you set up your blog or site? Read all about it in our helpful guide! The post How to change the WordPress username? An easy step-by-step guide appeared first on Meks.
    Ivana Cirkovic

Text

Distinctively utilize long-term high-impact total linkage whereas high-payoff experiences. Appropriately communicate 24/365.
Send this to a friend