Startup competition Seedstars UB to be organized again
The 10 best startups from Ulaanbaatar will be invited to pitch in front of an investment panel and compete to be crowned the most promising seed-stage startup of Seedstars Ulaanbaatar 2018.
Seedstars World is a Switzerland based startup competition that takes place in emerging markets. The organization runs over 65 local competitions where they identify the best seed-stage startups, give them pitch training and award the winners with an opportunity to compete in Seedstars Summit where one of them will be crowned Seedstars World Global Winner.
The winning startup will be invited to the global Seedstars Family and take part in the regional and global Seedstars Summits that include a boot camp and investor forum.
“In addition to seeing the top startups pitch, you can look forward to an event filled with disruptive tech, inspirational discussions, networking sessions and one flight ticket for the winner to come to Switzerland to compete for over one million USD investment,” Seedstars said.
To apply for the competition the startups need to be fluent in English and meet the following criteria:
1. Be less than two years old
2. Have raised less than 500,000 USD of funding to date
3. Have an minimal viable product MVP and have regional & global scalability potential
“Our organization is based in Switzerland. The main goal of our organization is to support startups in developing countries in addition to bringing positive economic change,” said Alina Rozanova, associate for CEE and Central Asia.
Seedstars underlined that the business must be a for profit startup and also have business prospects not only in Mongolia and regionally but also globally.
“So far 61 million USD in investment has been provided to the participants of past competitions, helping to create over 800 jobs,” highlighted Rozanova.
Local organization Startup Marketing Space received the license to organize the competition and event in cooperation with several local partners and businesses.
Interested startups have until August 10 to register. After preliminary selection, 10 startups will be enrolled into a two-day training program ahead of the competition.
On August 18, the 10 startups will compete to be selected. One winner will be selected to represent Mongolia in Switzerland for the global Seedstars Summit.
The organizers underlined that becoming the winner is not the only goal of the participants and that it is a chance to network and connect with like-minded businesses and startups.