ABOUT THE COMPETITION
Spanning over a five-month period this competition will challenge INTRASOFT International employees to create Innovative ICT-related products or services.
Through a rigorous two-phase procedure, contestants will be invited to present their innovative business ideas and develop them within a supportive environment.
WHO CAN PARTICIPATE
The competition is open to all INTRASOFT International employees, with maximum two entries per person.
Participants may work alone or in teams of up to 5 members.
Each team must appoint an INTRASOFT International employee leader who will represent it. The leader will be the contact person and must act as coordinator with the other team members.
The winning team will be awarded
Cash Prize of €5,000
European Pitch Conference
The winning team will be given the opportunity to attend a European startup pitch conference, to present the business case and get the chance to attract investors. The conference participation will take place during the internal incubation program, or shortly after the end of it.
Internal Incubation Program
The winning team will be given personalized support to develop the selected project, in a dedicated accelerating working environment within INTRASOFT International premises for a six - month period. Several workshops will be organized where academic partners and business experts will share their experience and help participants turn their ideas into tangible and sustainable projects, so that they deliver results and achieve maximum impact.
For projects that receive favorable review, INTRASOFT may invite the selected participants to discuss a possible business relationship for the commercialization of the product.
HOW TO ENTER
1. Start by completing the following Submission Form
2. Then send it by email here
The deadline for submitting entries is June 30th, 2017
Documents must be submitted in English
Criteria taken into account:
Innovation (Novelty of the idea/product/solution, Differentiation level, Impact)
Business Potential (Value proposition, Competitive advantage, Customer understanding, Feasibility)
Level of Readiness (Steps taken so far, Existence of a prototype, Lessons learned)
Sustainability (Replicability of the idea in other markets, Difficulty to imitate, Scalability potential)
Team Composition (Clear description of the team’s roles, Complementary skills, Business acumen, Domain expertise)
Clarity (Accurate and precise description of all parts of the template, Clear structure and ideas)
Several workshops will be held internally to support the finalists.
During the final stage of the competition, the qualified teams will be offered assistance to develop their business plan and create a video pitch which will be used as part of the final evaluation process to declare the winner.
If you require assistance to submit your response, please contact: firstname.lastname@example.org
By submitting a proposal, participants agree to the official Rules of the Competition
1. Is it possible to modify my project after the deadline?
To ensure a fair competitive environment, deliverables submitted after the deadline will not be accepted. The only exception to this rule will occur in the event of a publicly announced deadline extension. You are advised to submit your deliverables early.
2. I can’t find others to work with me on my project, is it possible to be alone?
You are entitled to participate on your own. In general, starting up a business is rarely successful as a solo endeavor. In case you are currently working alone, we advise you to describe what type of team members you require and what their role will be.
3. Do I have to answer to all questions for my application to be accepted?
Evaluating submissions during the first phase of the competition will rely solely on the submitted document. Therefore, we strongly recommend providing a short and concrete answer to all questions, to give the judges the opportunity to evaluate your proposal more accurately.
4. Can a member of one team be a candidate in another team?
Being a member of different teams is allowed. However each person cannot be involved in more than two proposals.
5. How can I make sure that my application has been received?
Shortly after you have submitted your application, you will receive a confirmation email that your application has been received. After your application has been received, the organizing committee will examine it in terms of eligibility and you will be notified in case an issue arises. If no further communication is received, your submission will be considered ready for evaluation.
6. Do I need to wait until the deadline to submit my project idea?
You may submit your proposal as soon as you are ready. In fact, we recommend submitting your proposal at least a few days before the deadline to ensure that it has been received and validated on-time.
7. Who should I send questions to?
All questions regarding the competition should be sent to email@example.com. All emails will be answered and questions that are generic enough will be added to this FAQ
8. Are freelancers eligible to enter?
If you are an INTRASOFT International colleague, then you are welcome and encouraged to participate no matter the exact legal form of the employment with the company.