STARTUP WORLD CUP AUSTRIA

Frequently asked questions

You have more questions which aren't answered below? Don't hesitate to contact us: events@aaia.at

01.

What are the requirements for startups to apply?

As mentioned on the main page, startups have to be founded as a legal entity in Austria, have an MVP and have to be looking for investors. In addition startups should fit into the 4 categories:

  • Digital Health & BioTech

  • Social & climate Impact

  • Smart City (f.e. mobility, telecommunications, infrustructure)

  • FinTech & InsurTech

02.

Who will receive the pitch deck and the information about your startup?

We will share your pitch deck & contact data with our strategic partners (aaia, AustrianStartups, Pegasus Tech Ventures). As we work together at the Startup World Cup, we need to share the data internally.  We also share the data with our jury members. Check out the jury section to find out who they are! 

03.

Who decides which startups get to pitch at the pre-events?

An internal committee from the Austrian Angel Investors Association and AustrianStartups select the startups based on their application and pitch decks. At each pre-event one startup of each category will be selected by the jury for the Austrian finals.

04.

Where will the pre-events take place?

The pre-events will take place offline in three cities in Austria:

Team west: Innsbruck
Team south: Graz
Team north: Linz
The exact locations will be announced soon.

05.

How many startups pitch at the pre-events?

A maximum of 12 startups pitch per pre-event for the chance to enter the Austrian finals.

06.

How long will each startup pitch for?

Each startup will be allocated 3 minutes to pitch followed by 2 questions from the jury.

07.

Who is the jury at the pre-events?

The jury at the pre-events consists of industry experts.

08.

Who is the jury at the Austrian finals?

The jury at the finals in Austria consists of one representative of Pegasus Tech Ventures as well as industry experts.

09.

What do the winners of the pre-events get?

The winners of the pre-events get the chance to pitch at the finals in Vienna as well as an invitation to the networking event after the finals. Additionally, the winners will get Wildcards for the Scale-up Award by EY.

10.

What is the schedule for the pre-events & the finals? How long do the events last?

The pre-events as well as the finale consist of a keynote or panel discussion and the pitch competition. In total, one pre-event will last about three hours and the finale about  four to five hours. An exact schedule will be sent out prior to the events. All events will have a networking event at the end.

11.

Where will the Austrian finals take place?

The finals will be a hybrid event taking place at the WKO (Wiedner Hauptstraße 63, 1050 Vienna). Additionally to the offline event, there will be a live stream for the international audience and jury participants.

12.

What are the criteria used to judge the pitches?

The jury evaluates the criterias: idea, problem, market needs, traction, competitive advantage, business plan, team and the pitch itself.

13.

What does the winner of the Austrian finals get?

The winner of the Austrian finals will get the chance to pitch in front of investors at the world finals, where there is a chance to receive 1M investment from Pegasus Tech Ventures. He will also be provided with contacts and travel expenses.

14.

How can a startup pitch at the World Finale? 

Startup World Cup will have 50+ regional events across North America, South America, Europe, Africa, Asia, and Australia. Each regional winner will compete in Silicon Valley for the final competition in San Francisco on September 30, 2022 at Hilton Union Square, San Francisco. More details can be found on the Grand Finale Page.

15.

What does the world champion get for winning the final competition?

The winner of the Grand Finale will receive US $1,000,000 prize in investment. It will either be in exchange for a portion of equity related to the most recent round of funding or a convertible note, depending on the size of the company and how much funding they have raised.

They will also receive global exposure through media recognition from all of the journalists covering the event. Selected sponsors will also be providing additional prizes to be announced.