$1 Million was the total prize pool which Webit.Foundation raised from private investors and the exclusive platinum partner Microsoft for Startups of World's Biggest Startup Challenge in 2019 - Founders Games as part of the 11th anual edition of Webit.Festival.
The amount of this year's prize pool is unprecedented worldwide as well as the number of 4078 applications Webit received by startups from all around the world (120 countries)! All finalists received a cheque of $120.000 each from Microsoft for Startups.
TestCard is a medtech enterprise that has created a “Postcard” with an embedded, pull-out urine test. Meanwhile, an accompanying mobile app provides an immediate result to give the patient a real time awareness about its health status.
Plant-e produces electricity with living plants. While plants are growing, electricity can directly be generated without harvesting the plant. The technology has been developed into early products for decentralized lighting purposes and sensoring.
Diasyst is delivering solutions to simplify diabetes management based on decades of clinical research and proven approaches at Emory University/Healthcare and the Atlanta VA Medical Center. By streamlining complex workflows for the healthcare team, Diasyst is loved by both patients and care teams, and it produces real outcomes without the need for outsourcing management to expensive third-party solutions.
Bruce makes staffing and recruitment easy. For companies we provide a cost-effective option, delivering intelligent candidate matching, reactivity and screening simplicity. For job seekers we are a platform that fits their needs, mobile and easy to use, helping them to boost their careers.
Tiliter teaches checkouts to recognize products without barcodes. Using artificial intelligence our patented system can detect any fruit or vegetable placed in front of the device. Automating the checkout process, saving customers time, reducing checkout lines, reducing plastic waste and optimizing supermarket efficiency.
WeFarm - creators of the world’s largest farmer to farmer digital network. The social enterprise that empowers small-scale farmers connect with each other to solve problems, share ideas, and spread innovation. Utilising the latest machine learning technology, WeFarm’s service works both online and over SMS.
WeFarm received $120,000 award from Microsoft in addition to the investment cheque of $280,000 signed by:
The seed investment is provided by Plamen Russev (chairman of Webit.Foundation, investor and serial entrepreneur) and prominent entrepreneurs and investors.
Тhe form in which the seed investment will be paid out is a convertible loan. The loan will convert into shares of preferred stock upon the closing of a next equity financing (Series A round of financing) at market terms for such an instrument.
There will be 2 tranches. The first tranche will be transferred within a month after winning Webit’s Founders Games.
The second tranche will be released upon achieving certain milestones negotiated between the investors and the winner.
The investment offer is non-obligatory for the startup winner of Webit's Founders Games and subject to standard due diligence processes on behalf of the investors.
As far as your company is active in the following disciplines:
& Big Data
internet & IoT
WEBIT.FESTIVAL is to provide startups with a free expo table and 600 free expo tickets.
The startups who qualify shall have access to all attendees of the WEBIT.FESTIVAL - the major and most influential tech and digital global event for CE Europe.
The selection is made on 5 major milestones:
- Team capacity - 10 points
- Project Scalability - 10 points
- Business approach - 10 points
- Marketing approach - 10 points
- Uniqueness of the idea - 10 points
WEBIT.FESTIVAL is the only place where startups meet investors, reporters, the CEOs, CMOs and CTOs of the world's largest and most innovative companies along with the biggest global and regional advertisers. Only at WEBIT.FESTIVAL your startup will have access not only to hundreds of investors but also to major potential partners and clients making WEBIT.FESTIVAL the most StartUp friendly digital and tech industry event.
Hundreds of accredited journalists from all over the world will be present during WEBIT.FESTIVAL, searching for the next great startup. At the event you may meet and connect with editors in chief, editors and correspondents from Wall Street Journal, Mashable, The Next Web, Wired, Bloomberg, Guardian, TechCrunch, e27, Wamda, ITP, Forbes, CNN, The New York Times, Business Insider, The Economist and many more.