The Entrepreneurship World Cup is a program that empowers entrepreneurs at all levels – from idea stage through scale-up – helping them reach the next stage in their journey. It combines a massive pitch competition with access to a global platform with virtual training resources, targeted mentoring, valuable perks, potential investment and a shot at life-changing prizes.
Cambodia signed up to host EWC in Cambodia where a significant number of applications were submitted. Due to the pandemic, physical final round did not happen in Cambodia. Top 100 finalists were selected from across the world and were put through live training sessions and given the opportunity to network with potential investors and compete on stage for a share of prizes worth millions of dollars. The Global Finals of the 2020 Entrepreneurship World Cup (EWC) concluded at Riyadh, 19 October 2020 at the fifth edition of the Misk Global Forum (MGF). The winner was TurtleTree Labs, from Singapore, who received a US$500,000 cash prize. TurtleTree Labs is the first biotech company to create milk sustainably using cell-based technology.
FLITE Material Sciences from Canada came second, winning US$250,000. This startup uses lasers to change the surface of materials so they protect themselves from rust, ice, fouling and pathogens without toxic chemical coatings.
In third place was Genecis Bioindustries Inc, from Canada, winning a prize of US$100,000. Genecis uses bacteria and synthetic biology tools to transform organic waste into high value materials and chemicals.
The winners were selected by an audience vote and panel of four international judges, comprising:
- Kevin O’Leary, Chairman, O’Shares ETFs, Canada
- Ritesh Agarwal, Founder & CEO (Group), OYO Hotels & Homes, India
- Jeff Hoffman, Chairman of the Board, Global Entrepreneurship Network, United States
- H.R.H. Prince Khalid bin Alwaleed bin Talal Al Saud, CEO & Founder, KBW Ventures, Saudi Arabia