FAQs

» Who should enter KITE-Oslo Start-Up Challenge?

 Any individual or team, that has been working full time on a start-up for at least the past 6 months.

» Why should I participate in KITE-Oslo Start-Up Challenge?

Unlike other start-up challenges, KITE-Oslo start-Up challenge guide you through the whole process of preparing your elevator pitch to presenting it before the judges. By getting a chance to incubate in Oslo, you will be able to learn from the start-up entrepreneurs, meet potential investors, network with the right people and be able to make your foundation strong. Apart from all these benefits, the start-ups get pro-bono business development services as for example marketing, legal, financial consultation.

» What is teams’ selection criteria for KITE-Oslo Start-Up Challenge?

Applicants are required to register online and submit a video pitch and a business plan as all these are pre requisite of the selection process. The panel of experts will evaluate the applications in line-up with the judging criteria for the competition.

» What is the format of competition?

The Challenge comprises of 2 Rounds. Before Round 1 there will be few training sessions which will help participants in brushing up for their elevator pitch for round 1. In round 1, participants will present their elevator pitches before the panel of judges who will short list candidates for round 2.

In round 2 each participating team will get 15 minutes to give a detailed pitch of their start-ups. Ideally, participants are advised to prepare a 7-minute pitch and spare the 8 minutes for question/answer session by the judges.

» How many finalists will be chosen for the award?

1-month incubation scholarship to Oslo START-UP LAB will be granted to 3 finalist teams.

» Total of how many members per team are allowed?

Maximum 3 members per team are allowed where only 2 members will be travelling to Oslo with all expenses paid.

» Will the computers/laptops be provided to the participating teams?

No, participants are required to bring in their own laptops/tablets for the competition.

(Note: Laptops will be required for presentation; therefore, it is suggested to bring them along with you).

» Can more than one team members present an “Elevator Pitch”?

No, for Round 1, only one member per participating team will be allowed to pitch.

» What is a Sales Deck?

Sales Deck is the presentation for your pitch. By it you can represent yourself, your business, team members and competitors. Sales Deck is not an alternate to the actual pitch, instead it gives you a chance to help present your business idea in more detail.

» What is the Judging Criteria?

The panel of judges comprise of Start-Up entrepreneurs, potential investors, market leaders, and business evaluators. They are interested in tech related products/services which have the potential to create a positive impact in the society and have scalable business plan. Along with these, they will be judging the team members and their dedication towards their start-ups.

» Who will be judging KITE-Oslo START-UP Challenge?

The judges are selected on the basis of their knowledge and experiences in starting new business ventures. Most of them are successful Start-Up Entrepreneurs, potential investors, C.E.O and capitalists.

»What documents will I be required to submit, once selected to go to Oslo?

If you are one of the finalists going to Oslo, Norway you will be required to submit the following documents:

  • If employed:
    • Passport valid till next 6 months
    • 2 Recent Passport Size Photographs
    • Employment Contract
    • Current bank statement of the latest 6 months
    • Leave permission from employer
    • Income Tax Return form or Certificate of Income Tax deducted at the source of Salary
  • Is self-employed:
    • Passport valid till next 6 months
    • 2 Recent Passport Size Photographs
    • A copy of your business license
    • Company bank statement of the latest 6 months
    • Income Tax Return.
  • If a Student:
    • Passport valid till next 6 months
    • 2 Recent Passport Size Photographs
    • Proof of enrollment
    • No-objection certificate from school or university.

»How will I apply for my Schengen Visa if I am a finalist?

Norwegian Ministry of Affairs will facilitate in the process of getting your Visa.  Your ticket and accommodation will be taken care by The City of Oslo. Also the local recommendation letter would be given by Karachi Institute of Technology and Entrepreneurship (K.I.T.E) and the international recommendation letter will be given by IKT-NORGE.

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