Toronto will be a host city in the upcoming Challenge Cup 2015 thanks to a partnership between INcubes and Washington-based 1776. The global competition is giving participants a chance to secure $650,000 in prizes in four categories — education, energy, health, and cities — and also offering mentorship from various industry leaders.
“We are very excited to be bringing the Challenge Cup to Canada,” said Ben Zlotnick, CEO of INcubes. “There are numerous companies throughout our region that are changing the way we live and helping to solve real problems. The event will bring together Toronto leaders in each of the categories and highlight the international opportunities.”
The Challenge Cup 2015 will be happening on November 5th in 16 cities across 11 countries that has a goal “to identify the most promising startups with the best ideas to solve the world’s biggest challenges.” The other cities that will host the Challenge Cup 2015 include Washington D.C., Chicago, Sydney, New York City, Tel Aviv, Amman, Santiago, Nairobi, Mumbai, Austin, Boston, Berlin, Dublin, San Francisco, and China.
Each of the locations will select a four regional winners in each of the categories who will compete in 1776’s Challenge Festival in May.
To be eligible to compete a startup must have the following:
– Scaleable product or service
– Fit within one of the Challenge Cup categories (education, health, energy & cities)
– Raised less than $1.5 million USD at the time of application
– Generated less that $3 million USD in revenue at time of application
More here at The Challenge Cup 2015