RSS Feed Link

Global Competition Recognizes 50 Promising Startups

Posted by: Mark Marich on October 22, 2012 Source: Policy Dialogue on Entrepreneurship

In the search to find some of the best and brightest new startups around the world, Global Entrepreneurship Week recently announced the “GEW 50” —a list of the 50 most innovative new companies competing in the Startup Open, a competition that recognizes startups with high-growth potential. These elite ventures will now vie for the grand prize—an all-expenses-paid trip to Rio de Janeiro to serve as an official delegate to one of the world’s largest gatherings of startup champions, the Global Entrepreneurship Congress, in March 2013.

Selected out of a field of nearly 400 applicants, the GEW 50 represent a range of industry sectors—from cleantech and life sciences to agriculture and transportation—and hail from 17 countries. The 50 were judged on concept, growth projections and knowledge of their industry. Each of the competing startups was required to have a “startup moment” between GEW 2011 and GEW 2012 (Nov. 22, 2011 to Nov. 18, 2012). A “startup moment” is anything that can be interpreted as the company is “open for business,” such as becoming incorporated, completing a first sale or securing outside funding.

“These new startups serve as models and inspirations to aspiring entrepreneurs worldwide who hope to unleash their ideas and start new companies,” said Jonathan Ortmans, president of Global Entrepreneurship Week. “Young companies need encouragement and recognition at the earliest stages. They are emerging heroes who will eventually generate jobs and economic growth for their communities.”

The 50 will now go through a second round of judging to select the overall winners, which will be announced on Monday, Nov. 12, the opening day of Global Entrepreneurship Week.

In addition to the trip to the Global Entrepreneurship Congress in Rio, the grand prize winner will also be featured in a Kauffman Foundation animated “sketchbook” video. Other winners will receive one year of mentoring from successful entrepreneurs, including Redbox founding member Michael DeLazzer, courtesy of the Entrepreneurs' Organization.

The 17 countries represented by the GEW 50 are: Australia, Brazil, Canada, Chile, China, Egypt, Ghana, Israel, Liberia, Mexico, Netherlands, Netherlands Antilles, New Zealand, Pakistan, Poland, Slovakia and the United States. For a complete alphabetical list of the GEW 50, visit http://unleashingideas.org/blog/startup-open-recognizes-50-promising-new-startups.

Startup Open is organized by Global Entrepreneurship Week and supported by the Ewing Marion Kauffman Foundation, Startup Digest and Startup Weekend.

Category:  Global  Tags:  GEW, Startup Open, GEC, Rio de Janeiro, Michael DeLazzer, EO,

comments powered by Disqus

Search PDE

Policy Dialogue on Entrepreneurship Get Your Weekly Digest

Register today to receive news and updates from Entrepreneurship.org.

Email Newsletter Signup

Past eNewsletters

View All

Email Newsletters

Want to be up-to-date with the latest news and updates from Entrepreneurship.org? To subscribe, just give us your email address below; you'll choose which e-newsletters you'd like to receive on the next screen.