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CONTEST ROUNDUP: The best startup competitions of 2020 for first-time founders to win up to $1 million to grow their business


TechCrunch SF Startup Battlefield business pitch competition contest

Business contests are a great way to test your idea, grow your network, and win cash to help grow your startup.
Business Insider has rounded up the best competitions that offer entrepreneurs an opportunity to connect with investors and win prizes up to $1 million.
Check back periodically as this calendar will be updated with new information as we find more.
Visit BI Prime for more stories.

Business contests are a great way to test your idea, grow your network, and win cash to help grow your startup.

Business Insider has rounded up the best competitions that offer entrepreneurs an opportunity to connect with investors and win prizes up to $1 million.

Many competitions are geared toward student businesses, and several have deadlines coming up fast. Most require you prepare a pitch deck and a detailed business plan to submit for consideration.

Continue reading to see when you need to apply, what the awards emphasize, and important eligibility considerations.

As deadlines pass, listings will be moved to the end of the post. If there’s a competition you think we should include, please get in touch via email.

Last updated: July 27

SEE ALSO: The 20 most interesting ideas that will shape 2020 for entrepreneurs and innovators of all kinds

MUST READ: The first-time founder’s ultimate guide to pitching a VC and getting funding in 2020

July 31: Visa iFundWomen, $10,000

Website: ifundwomen.com/visa

Deadline: Extended to July 31, 2020

Emphasis: Black women entrepreneurs

Small businesses on average require about $10,000 to get started, so Visa and iFundWomen will offer several grants to promising U.S. small businesses run by Black women.

Three winners will each receive a $10,000 cash prize and become eligible to participate in a pitch competition in Washington, D.C. during National Small Business Week in May.

Eligibility:

Black women-owned businesses, from home-based passion projects to early stage tech startups.
Businesses must have been in operation for two years and have a minimum annual revenue of at least $24,000
Application requires the completion of a written form and submission of 60-second video.

July 31: Cartier Women’s Initiative, $100,000

Website: cartierwomensinitiative.com

Deadline: July 31

Emphasis: Women-owned businesses creating industry solutions with global social impact.

The Cartier Women’s Initiative awards women entrepreneurs leading innovative and sustainable businesses that align with the United Nations Sustainable Development Goals. Seven laureates win $100,000 in prize money and 14 finalists receive $30,000.

Eligibility:

The woman entrepreneur applying must own a significant stake and hold the main leadership position.
Early-stage independent businesses (between one to five years of licensed or registered operations)
Business should not have raised more than $2 million in dilutive funding
An impact-driven business that aligns with at least one of the UN Sustainable Development Goals

July: Women Startup Challenge, $75,000

Website: https://womenwhotech.com/women-startup-challenge/2020-nyc

Deadline: Grants are rolling throughout the year. The first round closed May 31. Sign up here for updates on the next round.

Emphasis: Women-led tech startups in any vertical

Women Who Tech, founded by Allyson Kapin, has pivoted its program to adjust for social-distancing protocols and a severe change in the investment atmosphere. This year, $10,000 equity-free …read more

Source:: Business Insider

      

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