The Global Innovation through Science and Technology (GIST) Initiative is calling on all entrepreneurs and start-ups from Africa, Asia, the Middle East and Turkey to submit applications for the 2013 GIST Tech-1 Competition, between today and June 17, 2013.
GIST Tech-I Competition is aimed at launching the idea/growing the business of the most promising entrepreneurs in these emerging economies through seed funding, training, networking and by providing mentoring from the best entrepreneurs in the world, along with angel investors and venture capitalists.
Entrepreneurs and start-ups must submit a Go-To-Market Plan consisting of an executive summary directed to investors, and a two-minute promotional video of the product or service created for customers. This year applications will be considered within two tracks: idea and startup stage. Ninety quarterfinalists will be selected by experts within the entrepreneurship ecosystem, and their videos will be posted online for public voting.
Following the online public voting, thirty semifinalists will be invited to the workshop, pitch session, and awards ceremony in Kuala Lumpur, Malaysia, in October 2013. Competition winners will receive grants ranging from $2,000 to $15,000, in addition to mentorship, networking and increased visibility. The application with the greatest number of public votes for the video voting portion of the competition will receive an iPad.
The Global Innovation through Science and Technology (GIST) Initiative forges links at the individual and institutional levels among technology entrepreneurs, angel investors, and the marketplace to improve quality of life through economic prosperity.
The GIST Initiative builds entrepreneurial ecosystems in over 40 countries in the Middle East, Central & South East Asia and Sub-Saharan Africa, by identifying, coaching and funding promising entrepreneurs through its competitions, start-up acceleration services, online social media platform, and interactive mentorship programs.