Washington, DC (PRWEB) September 06, 2012
Being competitive is the top priority for any startup company, but Global Entrepreneurship Week’s Startup Open competition puts it on the global scale. In this competition, however, startups aren’t competing for customers. They are competing for prizes that will help their companies be successful. And they only have 10 days left to enter the race.
The submissions deadline for Startup Open, a competition that recognizes startups with high-growth potential, is Sept. 15, 2012. Startups can register at http://www.startupopen.com.
Entrepreneurs who have a "startup moment" between GEW 2011 and GEW 2012 (Nov. 22, 2011 to Nov. 18, 2012) are eligible to take part. A "startup moment" is anything that can be interpreted as the company is "open for business," such as a business is incorporated, a first sale is completed or outside funding is secured.
“As Global Entrepreneurship Week grows, we are seeing a wave of new firms hitting the shores of countries around the world,” said Jonathan Ortmans, president of Global Entrepreneurship Week. “Startup Open identifies some of the more promising companies to emerge since GEW 2011 last November and holds them up as inspiration for the nascent entrepreneurs involved in activities this November.”
By entering, startups will have the chance to be recognized as part of "the GEW 50" -- 50 of the most promising ventures from around the world. The 2012 class of the GEW 50 will be announced on Oct. 15 and will then compete for a handful of prizes with the winners announced on Nov. 12, the opening day of Global Entrepreneurship Week.
One winner will be selected to receive an all-expenses-paid trip to Rio de Janeiro to serve as an official delegate to the Global Entrepreneurship Congress in March 2013. The winner also will be featured in a Kauffman Foundation animated video Sketchbook. Other winners will receive one year of mentoring from successful entrepreneurs, including Redbox founding member Michael DeLazzer, courtesy of the Entrepreneurs' Organization.
Last year's winner, Fenugreen, traveled to Liverpool for the Global Entrepreneurship Congress where its founders spent time on stage with Richard Branson, the visionary British entrepreneur known for his Virgin brand empire. Its good fortune didn't stop there. A few months later, Fenugreen announced that Whole Foods was picking up its FreshPaper product.
Dynamo Micropower, which took the runner-up position, applies recent advances in turbine technology to commercialized ultra-portable generators. For its prize, the founder received a free trip to Florida to start a year's worth of mentoring with DeLazzer.
Startup Open is organized by Global Entrepreneurship Week and supported by the Ewing Marion Kauffman Foundation, Startup Digest and Startup Weekend.
About Global Entrepreneurship Week
During one week each November, thousands of events and competitions around the world inspire millions to engage in entrepreneurial activity while connecting them to potential collaborators, mentors and even investors. In four years, Global Entrepreneurship Week has expanded to 125 countries—empowering nearly 20 million people through 95,000 activities. Powered by the Ewing Marion Kauffman Foundation and sponsored by Dell, the initiative is supported by dozens of world leaders and a growing network of 24,000 partner organizations. For more information, visit http://www.unleashingideas.org and follow @unleashingideas on Twitter.
About the Kauffman Foundation
The Ewing Marion Kauffman Foundation is a private nonpartisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the Kauffman Foundation aims to open young people's eyes to the possibility of entrepreneurship, promote entrepreneurship education, raise awareness of entrepreneurship-friendly policies, and find alternative pathways for the commercialization of new knowledge and technologies. In addition, the Foundation focuses on initiatives in the Kansas City region to advance students’ math and science skills, and improve the educational achievement of urban students, including the Ewing Marion Kauffman School, a college preparatory charter school for middle and high school students. Founded by late entrepreneur and philanthropist Ewing Marion Kauffman, the Foundation is based in Kansas City, Mo., and has approximately $2 billion in assets. For more information, visit http://www.kauffman.org, and follow the Foundation on http://www.twitter.com/kauffmanfdn and http://www.facebook.com/kauffmanfdn.