There will be two rounds of judging.
On September 28th a winner will be selected from each of our 16 participating cities. The second round on Oct 11th at MIT will be based on videos and skype interviews of the winners from each city. Pakistan teams will send videos and be on standby on skype. North American teams will send videos and have the option of presenting in person or through skype in Boston.
- Plan to execute
- Business plan
- Global Collaboration
We will require a prototype and projected business, marketing and implementation plan indicating how you will execute on this idea for the next 6 months.
Three global winners on Oct 11th will win $3k, $2k and $1k. Winners will get the prize money in tranches based off milestones set by the winning team.
Each of the participating teams will be eligible for a $5k Elastica seed grant based off their progress in 6 months time and after the submission of a more detailed business plan on February 1st 2015.
Finalists from both rounds will be applicable for incubation in Pakistan through our partners like Invest2Innovate as well as our university partners. Winners of our last round will also have access to incubation facilities in Boston.
*Some of our city chapters will have additional prize money/perks for the winners in their city. Please see city specific registration pages for more info on this.