October 21, 2014
Today, DC-based startup accelerator/incubator 1776 officially kicks off its Challenge Cup 2015 global competition. Forty startups are slated to compete at tonight’s pitch competition; each of which will represent one of four categories: health, education, cities, and energy.
Tonight’s Challenge Cup DC competition will be the first of sixteen regional competitions. At each of these competitions, startups will get the opportunity to provide a short and intensive one-minute pitch. Among all those pitches, only eight startups will move on to a five-minute pitch round where each company can provide a more comprehensive overview of their business. In the end, the top four finalists will win a return trip to DC in the spring to compete for the grand prize.
Just in its second year of holding the Challenge Cup competition, 1776 will again make its way through cities in eleven countries, including Chicago, Sydney, Tel Aviv, Amman, Santiago, Nairobi, Mumbai, Austin, Boston, Berlin, Dublin, San Francisco, and China. At each site, startups will get the opportunity to pitch in a regional competition. This year, however, 1776 has also launched ChallengeX – a feeder competition that allows startup incubators from around the world to host their own Challenge Cup competitions, with winners automatically entered as finalist in the nearest Challenge Cup regional competition.
Despite its short history, past participants in Challenge Cup DC regional have already had several successes. EduCanon, a platform that allows teachers to use online video content to supplement their lesson plans, eventually found itself as the domestic finalist in education at this year’s Challenge Cup Global Finals, where it came out winning overall in the education category. Ground transportation aggregation service, RideScout – which also competed at the first Challenge Cup DC regional competition – grew rapidly since it first launched in DC, eventually leading up to an acquisition by car2go last month.
Tonight’s Challenge Cup DC regional competition begins at 5:30 PM. If you haven’t already gotten a ticket for it, then you’re out of luck. Or, I guess, you could always try putting yourself on the waitlist and pray that a spot opens up?
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