Schedule
The competition has several stages:
Stage 1: Submission of business concepts
Deadline: Extended to November 20, 2009 @ 11:59 PM
- Form a group of 3 to 5 members and register as one team.
- Submit your business concept to mark@g2ix.com on or before the deadline stated above. See the section Business Concept Requirements below for more info on the requirements.
- If your SaaS business concept passes the preliminary screening, we will notify you by email. You must receive a score of 6.0 or more to qualify for the next stage.
Stage 2: Presentation
Deadline: November 28, 2009
- Your team will get the chance to give a 5-minute closed-door presentation before a panel of judges and a 10-minute Q&A will follow.
- The presentation may be recorded and submitted to the US for further evaluation by the angel investor.
- If you pass this stage, you will be notified by email.
NOTE: Only the top 5 applicants will be invited to Stage 3 of the competition
Stage 3: Workshop and final judging
Deadline: December 3 and 4, 2009
- Your team will join the workshop on this day where you will be mentored by serial entrepreneurs and angel investors from Silicon Valley and Manila.
- Mentors will then dispense their limited advice to your team for a limited time (15 to 20 minutes). Afterwards, you will be given 24 hours to refine your prototype and business concept.
- If your team qualifies as a finalist, you will be given the chance to do 15-minute closed-door presentation before a panel of judges, followed by a 10-minute Q&A.
- If your team wins, the real work now starts: You will receive a substantial investment from a Silicon Valley angel investor along with mentoring to make your business idea a commercial success!
IMPORTANT: The winning team must receive a minimum number of points from the judges. If no team surpasses this minimum, no winner will be declared. See section titled Competition Scoring for more information.
