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WEAREGEN.CO
Steven A. Rodriguez Startup Community Manager, Global Entrepreneurship Network
How It Works
Design • Identify your focus
• Set the goal, challenge
metrics and guidelines
• Discover existing innovators
Launch • Announce the challenge • Recruit innovators
• Engage and build community excitement
Educate • Support and encourage
innovators
• Community engagement
• Judging
Award • Announce
• Present
• Publicize
Results
Customized Experience
• Creating a challenge is about taking a framework and translating it into a competition. The most important part about a competition is WHERE you set the bulls eye.
• It’s about asking the right question that will expose people to entrepreneurship…START the spark!
# of
Rou
nds
When Designing a Challenge, there are a variety of levers that can be pulled on in order to determine the “right” competition that will motivate innovators to get involved.
Tie In Your Goals
Focu
s
Aw
ards
/Priz
es
Enga
gem
ent
Com
plex
ity
Great Opportunities
• For the winners: – Awesome prizes
Great Opportunities
• For everyone: – Lots of potential fans like investors, corporates, talent and
experts involved – International exposure and network in 160+ countries – Exciting and educating process where you get feedback
and learn more from experienced fans
Managing a Competition
• Some Cons: – Web presence ideal – Application storage – Judging – Rounds – Management…
Compe&&onWebsite
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IntenttoCompete&Registra&on
SubmitAbstractorExecSummary
1stRoundJudging SubmitCompletePlan
Elimina'on
JudgingNFeedback
Elimina'on
Invita&ontoPitch
Elimina'on
Requestformoreinforma&on
• A single platform that helps streamline the way you manage and conduct startup competitions.
Simplify Your Work
Simplify Your Work
• It allows an organizer to customize questions and rounds, invite and sort judges, and manage everything from one spot.
• It is also white-label, meaning you get to brand the experience as your own.
Easily manage:
• Updates and reminders
• Questions and files
• Complex timelines
• Email history
• Your TIME!!!
Simplify the process for:
• Administrators
• Judges
• Applicants, team members, advisors
Completion Time4 Months
Innovators490 Startups
ResultsDevelops connections between students and local enterprise community, and brokering mentorship with local business leaders.
Rwanda Business Idea Challenge Academic, Local
Incentive Challenge
Business Plan Competition Academic, Global
Completion Time6 Months
Innovators750 Startups
ResultsOpportunity to meet and network with over 250 venture capital principals, early stage investors, and successful entrepreneurs.
Final Thoughts
• Startup Compete helps: – Create exposure opportunities – Develop startup-up skills and human capital – Simplify your work
GLOBAL ENTREPRENEURSHIP NETWORK
w e a r e g e n . c o
