OFFICIAL RULES // Orange StartUp Cup Challenge
The Orange StartUp Cup Challenge Business Model Competition is designed to foster entrepreneurship and an entrepreneurial spirit, grow jobs through startups, and increase awareness of the resources available to grow entrepreneurs. All winners will be selected on an objective basis as determined by the criteria set forth below. You must read and comply with these rules to enter the Orange StartUp Cup Challenge Business Model Competition.
The is open to all participants who meet the following criteria:
- Anyone, from any background or education level.
- The model must be an original idea for a business from idea up to three years in operation.
- Applicants need not be based in Egypt, but they need to be able to attend regular judging and coaching sessions and events held in Cairo from May to October 2018.
- Company officers/members are 18 years or older at the time of entry.
Fill out the official Orange StartUp Cup Challenge Business Model submission short form. Your submission must contain the following information:
- Your business idea
- Need and/or solution being filled
- Product and/or service
- Market size
- Target customer
- Revenue streams
- Management team
- Strategy to market
- Funding requirements, if any
- Judges will review submitted Business Models and those selected to enter the Competition will be notified of their acceptance via email invitation to their Cities respective Build-A-Business Weekend where the Top 25 will be selected in each City.
- If selected as a Top 25 for the Competition a comprehensive Business Model and financial projections will be required for submission as a follow-up to each Cities Extreme Build-A-Business Weekend. Instructions and a link to an online Business Model long form will be sent to those invited to participate in the Competition.
All information will be kept confidential. The judges may require verification of certain information during the review of the business model. Only complete online business model forms will be considered.
Any questions regarding submission of business models should be addressed to [email protected] Organizers of the Competition will not respond to direct inquiries regarding the contest other than general administrative questions.
Participants are rewarded with connections to industry leaders, world class coaching and mentoring, ongoing support through an intensive business incubation process, and the opportunity to build a game-changing business. First Place winners will receive EGP 100,000 cash prize. Second Place winners will receive EGP 70,000 cash prize. Third Place winners will receive EGP 70,000 cash prize. Fourth Place winners will receive EGP 40,000 cash prize and Fifth Place winners will receive EGP 20,000 cash prize. A total of EGP 300,000 will be awarded among Orange StartUp Cup. Winners will be determined from all eligible entrants and announced at the Orange StartUp Cup Challenge Celebration to be held in each City. Winners must be present to accept awards. All finalists will be expected to participate in or attend Orange StartUp Cup Challenge Award Celebration and may be required to make a brief presentation about their companies during the celebration.
There is no guarantee, expressed or implied, that any business will receive an award. Additionally, there is no guarantee, expressed or implied that any business will receive funding. Should no entries into the Competition meet the entry criteria, should no entry have a reasonable chance for success and should the selection committee determine no winner exists for that year of the Competition, no award will be made for that year and any award money will be used for the following years’ Competition. The odds of winning a prize depend on the skill of the entrants and the number of entries received. All taxes associated with the prize are the sole responsibility of the prizewinner. Prizes are not transferable.
Decisions will be made by a panel of judges consisting of representatives from a diverse range of backgrounds. The judging panel will evaluate the plans on the basis of:
- Reasonable opportunity for success of the business model
- Company meets an identifiable need and actively tests market response
- Company has a strong execution strategy
- Company has identified and allocated resources to be successful
- Company utilizes resources effectively
- Company has a believable competitive advantage
- Company has a sound target market and customer base
- Revenue and profit models that fit
- Strong, coachable management team
- Realistic time-frame for company growth
The entrants to the Competition will be judged on the merits of their business models with three presentations made to the panel of judges. The first presentation will include the top twenty-five business models. The second presentation will include the top twelve business models and the final round of presentations will include the top seven business models.
In the event of a tie, the judges will select the model that has the higher score under “Reasonable opportunity for success of the company.” All decisions regarding the criteria will be made solely by the organizers and sponsors. All decisions of the judges are final. These Official Rules and the decisions of the judging panel are final and binding in all respects.
The winners will be announced at the Orange StartUp Cup Challenge Award Celebration being held in Cairo.
Teams that have already secured funding from any source must disclose the amounts and sources at the time of entry, or as soon as they become aware of any funding commitment during the duration of the Competition. Teams that have entered a model into any other business model or business plan Competition must disclose this at the time of entry or as soon as they enter their model in another Competition during the duration of the Competition.
Original Work of Authorship
All entries must be original and free from any claim of copyright or other restriction relating to the Competition.
Number of Entries
No individual may be included as a “team member” on more than one business model, and no business may enter more than one business model.
No responsibility is assumed and entrants waive all claims for lost, late or misdirected entries, or for any problems of technical malfunction of any telephone or network lines, computer online systems, servers or providers, computer equipment, software, failure of any email or entry received by Organizers and/or Sponsors on account of technical problems or traffic congestion on the Internet, the website or any combination, thereof including, without limitation, any injury or damage to entrants or any other persons’ computer resulting from any causes, including without limitation downloading any materials in the promotion. Entrants who violate these Official Rules, tamper with the operation of the Contest or engage in any conduct that is detrimental or unfair to Sponsors, the Competition, or any other entrant (in each case as determined in Organizers’ sole discretion) are subject to disqualification from entry into the Competition. Organizers reserve the right to lock out any entrant whose eligibility is in question.
Release and Waiver
By entering, participants, without limitation, release and hold harmless Organizers, Sponsors, Judges, Coaches, and their respective directors, officers, employees, and agents from any and all liability for any injuries, loss, or damage of any kind in connection with the Competition. By entering this Competition, you agree to waive any right to claim ambiguity or error in these Official Rules or in the Competition itself. If you have any questions about these Official Rules or the Competition, please contact us at [email protected]