FAQ for $1 Mn Start-up Challenge - VIZAG FINTECH FESTIVAL | Bizofit Innovation Platform

FAQ for $1 Mn Start-up Challenge – VIZAG FINTECH FESTIVAL

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01- Will there be a demo day where the startups will be required to showcase their solutions?

  • The demo day is scheduled at Roadshows in following cities/dates:-
    Bay Area (San Francisco): 6th Sept
    Chicago: 11th Sept
    NewYork: 13th Sept
    Finalists shortlisted will present at Vizag Fintech Festival from 22nd Oct to 26th Oct 2018.

02- What will be the location for the demo day of Finalists?

  • The Demo day for finalists will be conducted at Visakhapatnam, Andhra Pradesh, India.

03- If a shortlisted startup does not want to setup office in Vizag after winning the prize money, will that startup be accepted?

  • No. It is mandate of the program that the startups should set up office in Vizag post event. Office space will be provided for operations in Vizag. A startup having difficulty to work out of Vizag may have to forego their offer.

04- Will there be any fees for participating in the $1 Mn Start-up Challenge?

  • No there is no fees for participating in the Challenge.

05- What will be the duration of setting up office in Vizag post event?

  • The duration of the setting up office in Vizag can be discussed with winners.

06- What happens if any finalist does not visit Vizag for presentation?

  • The spot of finalist will be transferred to other startups in the waiting list.

07- Who should participate?

  • Any startup which can showcase their products and solution offerings for the given track and complete application before the deadline. Please read rules and program details for the capabilities to participate in the Challenge.

08- Is there a registration fee?

  • No, there is no registration fee.

09- Does registering for the event ensure participation for the Demo day?

  • No. Once the startups have applied for the event, they will be screened by an internal panel. Post the screening, the shortlisted startups will be invited for the event.

10- What will be the criteria for Evaluation?

  • The startups will screened based on 3 parameters viz., Solution Fitment, Product Maturity, Team Credentials.

11- Is there reimbursement for travel/accommodation?

  • No reimbursement for travel or accommodation will be provided.

Shortlisted Service Providers that would be asked to submit Proposals/ Quotes