- Entrants from more than 100 countries will be eligible to take part
- Millions of dollars in prize money and support services for successful companies
- The winners will be announced at the Misk Global Forum 2019
Riyadh – Up to 100,000 businesses are anticipated to take part in the Entrepreneurship World Cup (EWC), a new global program organised by the Misk Foundation and the Global Entrepreneurship Network (GEN) across more than 100 countries.
The initiative was announced today at the Misk Global Forum in Riyadh, Saudi Arabia.
The Entrepreneurship World Cup combines a broad-reaching pitch competition, aimed at ventures ranging from idea stage to growth stage, with a virtual accelerator program to help all participants launch, strengthen and scale their enterprises. The participants will be guided through four different stages throughout the next year:
- Accelerate I – a series of education and virtual training opportunities
- National Competitions – occurring across all countries – either live or virtually -- with winners receiving national prizes and advancing to the next stage
- Accelerate II – the national winners will experience a combination of advanced virtual training sessions and focused one-to-one mentorship prior to regional selections of global finalists, who will receive a free trip to compete in the Global Final
- Global Final – this will take place at next year’s Misk Global Forum, where finalists will receive live training sessions, and compete on stage for millions of dollars in prize money and support services that will transform their enterprises.
The application process for the Entrepreneurship World Cup will start on 31 January 2019, via the EWC website – www.entrepreneurshipworldcup.com.
“According to research recently commissioned by Misk among 25,000 young people around the world, 68 per cent said they would like to start their own business one day," said Shaima Hamidaddin, the Executive Director of the Misk Global Forum. "Together with GEN, we have created the EWC to help budding business leaders realise their dreams. The contest will assess the potential of ambitious young entrepreneurs and accelerate the growth of their startups. The support provided throughout next year will help contestants to evaluate their business models, grow quickly and possibly develop new and better ideas.”
“While there are many startup competitions around, the focus of the Entrepreneurship World Cup will be on enabling founders to test and improve upon their ideas by providing access to the knowledge and networks that make up the GEN community in 170 countries," said Jonathan Ortmans, president of the Global Entrepreneurship Network. "Startups are no longer confined to a handful of ecosystems like Silicon Valley and this effort will help make it possible for anyone, anywhere to start and scale a new venture.”