The Startup Compete platform for competition management has had a wild year – from increasing the number of participants to finding a new home within the Global Entrepreneurship Network.
In 2015 alone, Startup Compete powered more than 140 competitions. GEN has used the platform since 2009 to setup, manage and judge its Startup Open competition to recognize some of the world’s most promising new startups. It acquired the platform just ahead of Global Entrepreneurship Week in November 2015, with plans to expand its reach to the more than 160 countries covered by GEN.
Startup Compete competitions include Rice University’s Rice Business Plan Competition, that the university has held for the past 16 years — with seven years on the platform. This year 42 teams from around the world will compete on campus in April for more than $1.5 million in cash and prizes. There are more than 300 judges, primarily angel investors, venture capitalists and other investors. Rice is one example of the reach and scope of the Startup Compete competition platform. Three of the ten competitions held in 2016 are part of the Princeton Review’s top six ranking graduate schools for entrepreneurship this year. The platform is made up of 667 competitions, 30,206 business ideas and 3,481 connections made.
Startup Compete will also be at the Global Entrepreneurship Congress in Medellín, Colombia, this March. Startup Communities Manager Steven Rodriguez will lead a session talking bout the competition platform and what’s next for startup communities in 2016.
From competitions hosted in California to Texas, and all the way to Africa, change-makers are coming up with innovative ideas and preparing to share them with their communities.