Venture Z Startup Competition for Entrepreneurs 2023/2024 (Up to 30,000 SAR Award)

The application for the Venture Z Startup Competition for Entrepreneurs 2023/2024 is out. If you’re a driven entrepreneur with a groundbreaking concept, then this is the perfect chance for you

Venture Z Startup Competition for Entrepreneurs 2023/2024
Venture Z Startup Competition for Entrepreneurs 2023/2024

Venture-Z presents an exhilarating and dynamic startup competition that provides aspiring entrepreneurs from Generation Z an extraordinary opportunity to display their inventive business ideas and leave a lasting impression on society. Taking place alongside the esteemed 2nd International Conference on Sustainability: Developments and Innovations (ICSDI) in 2024, Venture-Z unites brilliant minds and forward-thinking individuals who are deeply committed to shaping a brighter tomorrow.

Venture Z Startup Competition Track

Track 1: Engineering Innovations

This category focuses on startups that introduce inventive solutions in the fields of mechanical, civil, electrical, or environmental engineering. It encompasses areas such as advanced materials, energy systems, infrastructure development, and technologies for the environment.

Track 2: Sustainable Business Ventures

This category is dedicated to startups that incorporate sustainable practices and principles into their business models. It includes areas such as sustainable supply chains, environmentally friendly manufacturing, products that promote sustainability, and ventures in renewable energy.

Track 3: Environmental Solutions

This category is specifically designed for startups that address environmental challenges and offer sustainable solutions. It covers areas such as pollution control, waste management, improving water and air quality, and technologies for monitoring the environment.

Track 4: Social Entrepreneurship

This category is open to startups that combine business innovation with social impact. It includes initiatives that tackle social issues, promote inclusivity, empower communities, and contribute to achieving sustainable development goals.

 Track 5: Future Cities

This category centers on startups that contribute to the development of future cities through innovative urban planning, smart infrastructure, sustainable transportation, urban solutions enabled by the Internet of Things (IoT), artificial intelligence-driven urban management systems, and practices for sustainable urban development.

Benefits

  • The Venture-Z Startup Competition strongly believes in acknowledging and fostering the entrepreneurial spirit of its participants. They are thrilled to announce the prestigious awards for the top three startups in the competition, along with financial support from Prince Sultan University, as outlined below:
  • The first-place winner will receive 30,000 SAR.
  • The second-place winner will receive 20,000 SAR.
  • The third-place winner will receive 10,000 SAR.

Opportunities for Sponsorship:

  • In addition to the financial support provided by Prince Sultan University, Venture-Z offers the potential for additional funding through sponsorship opportunities.
  • Sponsors who choose to invest in promising startups will have the chance to make a significant impact on the growth and success of these ventures, much like the concept of “Shark Tank.”
  • The organizers actively seek sponsors who share a passion for supporting entrepreneurship and the development of sustainable and technologically advanced future cities.

Eligibility Criteria

The Venture-Z Startup Competition invites individuals and teams from various backgrounds and industries to participate. The following criteria must be met inorder to be qualified for this competition and they are:

  • Must be above 18 years old.
  • Must have a feasible business concept or an early-stage startup.
  • Both individuals and teams are welcome (with a maximum team size of 5 members).
  • International participants are encouraged to join.

Judging Criteria

The judges will assess the startup pitches using multiple criteria, such as creativity, market opportunity, practicality, team skills, and growth potential. The exact evaluation standards will be shared with participants beforehand, so they can prepare and tailor their presentations accordingly.

Eligibility Criteria

To take part in the competition, interested individuals or teams need to fill out the online registration form on the official ICSDI 2024 conference website. During the registration process, they will be asked to provide important information about their startup, including:

  • Startup idea
  • Market potential
  • Team members.

For further information please visit Venture Z’s official website.

Application Deadline

December 1, 2023.

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