(2024) Venture-Z Startup Competition in Saudi Arabia
Details
Venture-Z, a dynamic startup competition, offers an exceptional platform for ambitious Gen Z entrepreneurs to showcase groundbreaking ideas and make a lasting impact on society. It is an initiative by the prestigious 2nd International Conference on Sustainability: Developments and Innovations (ICSDI) 2024, bringing together brilliant minds and forward-thinking individuals dedicated to shaping a better future.
This track focuses on startups that bring innovative solutions in mechanical, civil, electrical, or environmental engineering fields. It encompasses areas such as advanced materials, energy systems, infrastructure development, and environmental technologies.
- Track 1: | Engineering Innovations
- Track 2: | Sustainable Business Ventures
- Track 3: | Environmental Solutions
This track is open to startups that combine business innovation with social impact. It includes initiatives that tackle social issues, promote inclusivity, empower communities, and contribute to sustainable development goals.
- Track 4: | Social Entrepreneurship
This track centres on startups that contribute to the development of future cities through innovative urban planning, smart infrastructure, sustainable transportation, IoT-enabled urban solutions, AI-driven urban management systems, and sustainable urban development practices.
Location: Online, Saudi Arabia
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Benefits
Cash Prizes:
The 1st place winner | 30, 000 SAR
The 2nd place winner | 20, 000 SAR
The 3rd place winner | 10, 000 SAR
- The Venture-Z Startup Competition offers attractive prizes and recognition for the winners. In addition to the cash prize the winner may receive financial support, mentorship opportunities, access to networks, and exposure to potential investors and industry leaders.
Note: The exact details of the prizes will be announced closer to the competition date.
Eligibilities of Venture-Z Startup Competition
The Venture-Z Startup Competition is open to aspiring entrepreneurs and startup teams from diverse backgrounds and industries. Participants must meet the following criteria:
Must be 18 years of age or older.
Must have a viable business idea or an early-stage startup.
Individuals or teams can participate (team size restrictions is 5 members).
International participants are welcome.
Eligible Regions: Open for All.
Journey for Venture-Z Startup Competition
Application Submission | December 1, 2023
- To participate in the competition, all interested teams must submit an application form providing essential details about their startup. The application form will be available on ICSDI website typically includes information such as the team’s background, business idea, target market, and current stage of development.
Initial Screening | December 15, 2023
- The submitted applications will go through an initial screening process conducted by the ICSDI organizing committee. This screening aims to evaluate the eligibility and alignment of the startup with the competition’s theme and criteria. Applicants who meet the initial criteria will proceed to the next stage.
Selection Criteria | December 30, 2023
- The qualifying process will consider various criteria to assess the startups. These criteria may include factors such as innovation, market potential, feasibility, scalability, team capabilities, and alignment with the theme of the competition. The judging panel will review and evaluate each application based on these criteria.
Mentorship Program | January 30, 2024
- Shortlisted teams will have the opportunity to work closely with experienced mentors during a dedicated mentorship program. This program spans over five days and focuses on refining and enhancing the startup ideas. Mentors will provide guidance, insights, and expertise to help teams strengthen their business models, improve their value proposition, and address any challenges they may face.
Pitch Presentation | February 19-20, 2024
- After the mentorship program, shortlisted teams will be invited to deliver their pitch presentations to a panel of judges. During this stage, teams will have the opportunity to showcase the progress they have made, present their refined business models, market analysis, and growth potential. The judges will assess the presentations based on predetermined evaluation criteria and select the top teams to proceed to the final round.
Final Round | February 21, 2024
- The final round of the competition will involve additional evaluation and may include elements such as Q&A sessions, prototype demonstrations, or business plan reviews. The top-performing teams will be recognized and awarded based on their performance and potential.
Specifications
| Type of Opportunity | Competitions and Awards |
|---|---|
| Deadline | 01 December,2023 |
| Country | Saudi Arabia |
| Organizer | Venture-Z Startup |
| Contact the organizer | Prince Sultan University (PSU) P.O.Box No. 66833 Rafha Street, Riyadh 11586 Saudi Arabia |