1. What are the requirements for startups to apply?
As mentioned on the main page, startups have to be founded as a legal entity, 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
Future of Work & EduTech
Security & Big Data
2. 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, WKO, Wirtschaftsagentur Wien). As we work together at the Startup World Cup, we need to share the data internally.
3. 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 for the Austrian finals.
4. Why are the teams grouped this way?
We used the data of the Austrian Startup Monitor 2019 to create teams that are as equally strong as possible.
5. How many startups pitch at the pre-events?
Twelve startups pitch per pre-event for the chance to enter the Austrian finals.
6. How long will each startup pitch for?
Each startup will be allocated 4 minutes to pitch followed by 2 minutes of Q&A from the jury.
7. Who is the jury at the pre-events?
The jury in the Pre-Events consists of Michael Ionita (Board AustrianStartups), Selma Prodanovic (Board aaia) and one expert of each category.
8. Who is the jury at the Austrian finals?
The jury at the finals in Austria consists of one representative of Pegasus Tech Ventures, Michael Ionita (Board AustrianStartups), Selma Prodanovic (Board aaia) and one expert of each category.
9. What do the winners of the pre-events get?
In addition to the chance to pitch at the finals in Vienna, the winners of the pre-events will receive goodie bags from local sponsors as well as an invitation to a networking event at the ViennaUp.
10. What is the schedule for the pre-events and the finals? How long do the events last?
Before the pitch competition, there will be a keynote or a panel discussion. In total, one pre-event will last about two hours. An exact schedule will be sent out prior to the events.
The finals is a part of ViennaUp and also starts with a keynote before the pitch competition. In total the finals will last about two hours.
11. Where will the Austrian finals take place?
The finals will be a hybrid event taking place within the ViennaUp. This means that the pitching startups, the jury and some of the participants will be present offline. Additionally there will be a live stream for the international audience and jury participants. The location will be announced soon.
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. Furthermore, there is a chance to pitch again in front of investors for 500K at the European final.
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 November 11, 2021 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.
14. What is the "European Final" and is it optional? How do I qualify?
The “European Final” is an optional competition prior to the Grand Finale with additional prizes in Czech Republic. It is open to all SWC European Regional Winners to compete for the European regional winner title.