US$500,000 are up for grabs with online Seedstars World Competition

Contxto – Seedstars, a global competition for early-stage tech startups, is ready to receive submissions.

But as these large-scale events go, startups must first apply (and win) within the local contests, then move onto conquer the regional stage. These semi-finalists will then enter the grand finale for a chance to win up to US$500,000 in equity investment.

A novelty with this year’s edition is that all events will take place online (thanks Covid-19).

Startups from Latin America have until July 31st to apply for their local competition.

Seedstars competition: What it takes

If you’re interested in participating, keep in mind that Seedstars is looking for startups that:

• Operate within the country or city in which they’re applying
• Have raised less than US$1 million in investments
• Have a minimum viable product (MVP) that’s scalable or shows potential to reach scalability
• Snagged initial traction with users

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Program breakdown

Selected local startups will participate in an online program, Seedstars Academy, for a two month period. During that time they’ll be engaged in training courses, webinars, as well as network with mentors and fellow startups.

Program organizers expect to train 1,600 startups from around the world through this digital platform. So regardless of who earns the US$500,000 at the finale, if you learned something along the way, you’ve already won.

Regional competitions normally take place in November or December, while Seedstars summit is slated for April of 2021.

So whaddya waiting for? Check out the details and apply here.

Related articles: Tech and startups from Peru!

-ML