Applications open for Underdog Tech Award

Mission

To challenge injustice in an effort to make the world a fairer place for 1bn+ people by 2030.

Prize Information

The prize fund of the Prize is 60,000 US dollars and is distributed as follows:

• 1st place – 30,000 US dollars;
• II place – 20,000 US dollars;
• III place – 10,000 US dollars.

Finalists

• Get access to the inDrive mentorship program and guidance from industry top experts.
• Benefit from PR support to attract new target audience and partners/investors.
• Join an international network of like-minded entrepreneurs.

Every Applicant

• Reviews by VC fund experts:
  • Enhance your startup's potential with feedback from VC analysts
  • Increase your chances of receiving investments

Rules of the Underdog Tech Award

• Okay, you are a founder and a C-level executive. First, make sure your startup:
  • Was founded in the last 5 years
  • Already has an MVP
  • Hasn't raised investments larger than seed ($4 million)
  • Has never participated in any international conferences
• If all is good, complete the application and attach your PDF-presentation
  • Basic info about your startup
  • Why is your startup an Underdog?
  • What is your product/service about?
  • Market and competitors
  • Product: MVP, plans for the product development, technology
  • Unit economics and business model
  • Scalability
  • Team
  • Impact & mission
  • Why do think you should win the Award?
• After that analysts from VC funds will review and evaluate all projects based on these criteria:
  • Personal
    • Leadership skills
  • Startup
    • Potential size market
    • Scalability
    • Ability to generate profit
    • Unique competitive advantage
    • Product market fit
    • Go-to-market strategy
    • Team potential
    • Mission driven/social impact
    • Underdog startup (why are you underestimated—challenges/disadvantages overcomed)
• Finally, their jury will assess the “impact” criteria with a focus on startups that have a mission to create positive change in people's lives by challenging injustice.

For more information, visit inDrive.