HOW DOES IT WORK?

 

The individuals/ teams willing to take part in the competition are required to fill in the application form which gives a detailed account of the start-up and inspiration behind it. It should be taken into consideration that the registration form is your first impression before the judges and therefore it should be as relevant and detailed as possible.
All the applicants will be required to attend the several training sessions organised by KITE before the real challenge. These sessions will be held on the same day and will deal with the basic presentation skills, marketing research, financial management and public speaking. The sessions will not be very extensive ones as their main purpose is to serve as the warm-up session.

› Round 1

During round 1 of the challenge, the participants will be provided mentorship which is essential for them to further analyse their ideas and make any changes to their pitches if needed. Following that the participants will be required to present their elevator pitches to the panel of judges who will then select the participants for Round 2. It is advised that the participants should do their best as these panel of judges are not only there to judge you and your ideas but they are also potential investors, leaders and experienced entrepreneurs and capitalists.

› Round 2

The final round of the competition will allow the participants to present their ideas in more detail to the panel of judges who will measure the viability of the start-up on the basis of marketing adjustability, scalability of the business venture, the coordination of the team members and their dedication towards their goals and the impact the start-up can have on the society as whole. Each participant or participating team will have 15 minutes to pitch their idea therefore it will be appropriate if the individual/team prepare a 7 minutes’ pitch and leave 8 minutes for the Q/A session by the judges. 3 finalists will then be selected to further present their startup idea in Oslo, Norway and incubate for a month at OSLO STARTUP LAB with all expenses paid.

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