Description of WorldLabs Elevating Ideas Competition
WorldLabs’ assignment is to assist thoughts increase and develop by offering the investment, gear, and connections had to thrive. That is why WorldLabs created the ‘WorldLabs elevating thoughts competition’ to give you the ability to exhibit your concept, discover valuable collaborators and acquire the supporters you need to elevate your task to the subsequent level.
No concept is simply too big or too small. Tasks can come from any area, and could now not be judged primarily based in your level of expert or entrepreneurial enjoy. Our award of £50,000 is designed to present your early-level entrepreneurial project an instrumental boost!
WorldLabs raising thoughts competition will welcome 600+ entrepreneurs and buyers, and over 50+ start-america exhibiting. The pinnacle 10 groups shortlisted from the opposition could be invited to pitch in the front of a stay audience and judges. Start accepting packages on 15 Jun 2018 16:00 UTC and closing date for programs 22 Oct 2018 11:00 UTC. Shortlist will be displayed on 29 Oct 2018 12:00 UTC. The WorldLabs elevating thoughts opposition event may be on 24 Nov 2018 08:00 UTC. The winner will be introduced on the identical date 24 Nov 2018 19:00 UTC.
The ‘WorldLabs raising thoughts’ winner may be awarded the beneficent amount of £50,000 and the plethora of advantages that come with it. But you don’t want to be provided the primary prize to be a winner. There are advantages in the elevating ideas opposition for all individuals.
- Publicity: Your mission will get an exposure improve on WorldLabs and throughout all other media channels. Whether or not you are one of the shortlisted candidates or no longer, if we love your idea.
- Collaboration: finding the vital connections and organizing meaningful collaborations can be simpler than ever earlier than. You’ll get your idea noticed and be part of a network of group-participants, co-founders, and buyers. We’ve also made the team up system easy and simple, so that you can locate your best collaborator.
- Advancement: establishing your idea on World labs will help your challenge develop beyond the length of this opposition. The same venture will preserve exposing you to a promising community of collaborators, partners, advisors, and investors. You may be prepared to go into new competitions and increase your probabilities of having investment. We aid entrepreneurial growth at some stage in and past the competition.
- We accept applications from candidates global, irrespective of the kind of idea and the expert/educational background of the applicant.
- on your task to be taken into consideration for the WorldLabs raising ideas opposition, you have to:
- post a completed software
- Be 18+ years vintage
- Have at least one consultant of your group available to journey to London for raising ideas 2018, twenty fourth of November 2018.
Programs (mission, video pitch, and questionnaire) will be judged on the subsequent criteria:
20% clarity. Submissions ought to honestly describe the anticipated product or service. The benefits, as well as the technical info, of the concept, have to be emphasized. You can use pics and films for your assignment to supplement your descriptions.
30% Innovation. Submissions ought to truly state what is revolutionary and unique about the envisioned service or product.
40% Feasibility & Scalability. The thoughts ought to be realistic, viable and scalable. Customers need to make clear the modern country of the product/provider idea, and outline the important research and improvement required for the next stage of commercialization.
10% Engagement. We accept as true with that digital proactively displays a dedication to growing your concept through the use of the platform’s tools. Therefore, tasks will be partly judged according to the range of connections, likes, and fans they acquire all through the opposition duration. We encourage ordinary posts, sharing and showcasing of the concept.
How to apply
To be taken into consideration for the WorldLabs elevating ideas competition, you need to:
STEP 1. Entire your assignment. Your idea should be mentioned in a public venture, containing non-confidential records that showcase the individuality of your entrepreneurial venture. Your venture helps you garner public engagement, support, and followers in your concept. It is an effective manner to keep your startup alive and growing, even after the opposition is over. A public, energetic and up to date undertaking will assist you to hook up with collaborators, locate idea, recommendation and grow sustainably. Greater information on a way to create a project here.
STEP 2. Add a 60-2nd video pitch. This is your possibility to inform the judges why your product and/or carrier are precise, why it subjects, and why they have to assist it.
STEP 3. Click on ‘observe’ to put up your finished project and to reply our opposition Questionnaire. That is wherein you get a threat to provide an explanation for your idea in greater element. Our questionnaire is totally personal, and the gap to explain the feasibility of your idea, your commercial enterprise plans, and ability to scale.
STEP 4. Interact on WorldLabs. How proactive you are on the platform will replicate how devoted you’re to making your idea develop by finding collaborators, keeping tune of your progress, and constructing a network of supporters. We encourage you to put up regular updates in your feed, connect to people that assist you to, proportion your mission throughout social media or even create group up posts in case you are looking for a person to sign up for your crew.