What are rules of participation?
In brief, your startup must be an early-stage technology startup (prototype stage to Series A) with less than US$ 1,000,000 in yearly revenues. Your focal market must be Indonesia with a focus on EdTech, HealthTech, AgriTech, GovTech or SmartCities.
Please refer to the Rules of Participation for the exhaustive list of eligibility criteria.
Do I have to be incorporated to apply?
No, but you should have clear development project and goals. In the case that a non-incorporated project wins the competition, the funds will be transferred or prizes will be given once the company is incorporated.
What are the evaluation criteria?
The team, problem identification and value proposition, innovation, timing, market opportunity, execution plan and go-to-market strategy, business model viability, investability and pitch quality.
What language will the programme be conducted in?
The application, the online pitch and talkings with advisors and investors will be held in English.
How much time will I have to spend on the programme?
It will take about 15 to 30 minutes to apply. If you are selected for the mentoring round, you will participate in two 30 to 60 minutes calls with your assigned mentor. If you are then selected as a finalist, you will have the opportunity to pitch to a judge (investor) for 30 minutes. If you are among the 20 selected to join the pre-acceleration program, the pre-acceleration will last for 10 months, x hours per day. We also recommend to take some time and fully prepare for each round in order to get the most out of the competition, but the necessary time will vary from team to team.
What are the rules for the pitching?
In the mentoring phase (round 1), you will have 2 calls of 60 minutes with one mentor each, with 10 minutes to pitch, as well as 40 minutes of feedback and mentoring. The mentors will be given a one-pager summary of your startup, as well as your pitch deck. For the judging phase (round 2) you will have 10 minutes to pitch and 20 minutes of Q&A.
If you are selected into the pre-acceleration program, you will also join the demo day, during which you will have 5 minutes to pitch in front of investors.
How many winners will be chosen?
Round 1 is a non-elimination round. All startups will automatically progress to round 2. In round 2, 20 winners will be selected as top 20 and will then move to the pre-acceleration program. After pre-acceleration, top 10 teams will be selected to pitch at the Demo Day.
