AI & Blockchain Summit startup competition has launched an open call for tech startups. Especially aiming to raise capital and is supported by the leading market players from all across the globe. InnMind, which is the first global business ecosystem for the innovation-driven community, is now playing the host for AI & Blockchain Summit, which is going to take place in Barcelona for Smart City Expo World Congress from 19-21 November 2019. One of the most anticipated programs for startups is an official Startup Competition, which will boost young companies to become the industry’s “sharks.”
What Is The Competition About And What Are The Advantages? Within the jury, participants will be able to find the top leading investors and funds from the US and European countries, such as Draper University, VC, FinBit Capital, and others. It means only one thing, and that is all eyes are going to be focused exclusively on the startups. InnMind will be launching its own investment engine alongside syndicated deals and will be making sure whether the startups are being invested or not.
It’ll give the founders of tech startups a legit chance to meet the most active venture capitalists from Europe and the USA and make up a successful investment round. Sometimes the journey is far more important than a destination. That is the reason why competing amongst the best technological startups on an international level is already an achievement in itself. Every competitor will be “on the radar” of the top European accelerators, which are also the partners of InnMind! What’s the prize? The best part is; Draper University will be presenting a partial scholarship of $2000 for each startup! Other than that, InnMind will be awarding the winner a fundraising round using their investment engine. That’s just not it; the leading participants can expect further investments from VCs and investors and the partners of the AI & Blockchain Competition.
Not only that, each participant will get a fantastic experience of forming a part of the Startup Competition, but also have an opportunity to meet industry and business leaders, politicians, and financial institutions, investors and other guests for a 3-day dedicated program. Competition participants will get direct access to potential strategic partners, industrial and public customers and a real chance of business development acceleration. Therefore, it is a fantastic opportunity for the establishment of long-term business partnerships with such industry giants like IBM, Bosch, and others, who have already confirmed their status of Summit’s official partners. What kind of startups should apply? Criteria and assessment focus.
We are looking for technological startups, which are implementing Blockchain technology or AI to solve the existing market problems. Jury members will focus on the following criteria: strong dedicated core team, transparent and scalable business model, product-market-fit, international market focus. Those projects that are on ready-to-market stage, along with MVP/prototype and first sales will get an advantage; however, investors in the jury board are also open to considering early-stage projects. Industrial sectors include, but are not limited to smart cities, fintech, insurance, gaming, and cybersports, healthcare, logistics, and entertainment.