Rules for Global Startup Challenge | Biz of IT Innovation Platform

Rules for Global Startup Challenge

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Innovation Hub – an initiative of Pegasus and Bizofit – is conducting a Demo Day to enable Startups to showcase their solutions and get a chance to win Seed funding. Our first cohort (Summer 2019) of 5 startups will receive Prize Money, Business Acceleration Services, Industry Mentorship, free Co-working Space and other benefits. We are inviting applications from startups working in Fintech and Healthtech Space.

Interested in funding startups in the areas of technology, financial inclusion/fintech, healthcare, education and clean energy among others.

Pegasus Fininvest is the fund manager of Pegasus India Evolving Opportunities Fund is an INR 150 cr SEBI approved category II AIF, with a greenshoe option INR 150 cr.

We believe in investing in ventures that would generate great financial returns along with creating a positive socioeconomic impact. As a fund, we are not only investors but also active collaborators in terms of providing the enterprise strategic guidance and a network, which it can leverage to grow and create a sustainable and scalable business.

Interested startups can post a brief pitch and we will connect with relevant ones.


  • Application Start Date: 20th Nov 18
  • Application End Date: 28th Feb 19
  • Demos/Presentations: 15th March 19
  • Location: Mumbai/Vizag

Rules for the Competition

Please read these rules before entering the Competition. Participation in this Competition constitutes Entrant’s full and unconditional agreement to and acceptance of these Official Rules and represents that Entrant satisfies all of the eligibility requirements set forth below.

  • Eligibility

    Global Startup Challenge (the “Competition”) presented by the Pegasus and Bizofit is open to early-stage companies with a tested, functional prototype in production or very close to being in production or launched in the market. Each eligible company that enters the Competition shall be referred to herein as an “Entrant.”

  • Sponsors

    The Competition is sponsored by the Pegasus and Bizofit (“Sponsors”).

  • Entry

    Competition applications can be submitted here (the “Competition Site”). See Competition Site for entry instructions. The application period begins at 2:00:00 pm IST on Nov 20th, 2018 and ends at 11:59:59 pm IST on Feb 28th, 2019 (“Competition Entry Period”). There are no limits on application per company. A one-page solution summary or pitch deck is required, and a video (up to two minutes in length) is optional. By entering, each Entrant and team member agrees to conform to the Guidelines and Restrictions.
    4.a Guidelines and Restrictions:

  1. The entry must not contain material that violates or infringes any rights of any other party, including but not limited to copyright, trademark, patent, privacy, publicity or any other intellectual property rights;
  2. The entry must not disparage Sponsor or any other person or party;
  • Selection of finalists

    Selected Entrants will be selected to proceed in the Competition to a live event (the “Demo Day”) to be held in Mumbai/Vizag on 3rd April, 2019 (“Finalists”).
    Finalists invited to attend the Demo Day will be chosen from among the Entrants by the Sponsors or their representatives or agents on or about 15th March, 2019.
    Finalists will be notified via email on or about 15th March, 2019.
    Winning teams will be notified at the Demo Day on 3rd April, 2019.

  • Travel

    Finalist Entrant will be invited to participate in the Demo Day in Mumbai/Vizag at their own expense.

  • Demo Day

    Once in Mumbai/Vizag, the Finalist team members will pitch their product or service for five (5) minutes to a panel of independent judges who will determine winning teams. Each Finalist’s pitch will include a demonstration of the product or service and a live question/answer session with the judges. The winning teams will be selected based on their presentation, product or service, and business model in accordance with the Judging Criteria.

  • Competition results

    A list of the winning teams will be posted on on or about April 15th, 2019.

Attach Files

Attachment Attach your Solution PPT or Files here

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

Complete Global Entrepreneur Survey