Startup Rounds Competition Launched For Babson Entrepreneurs
TheBabson Entrepreneurship Club(BEC) is offering a new kind of business contest on a platform created specifically for startups.
BEC
BEC Co-president and Babson MBA 2014 candidate Paul Hammond has been working onStartup Rounds在过去的几个月里,和认识到there is no better place to first use the software than at Babson College, the No. 1 school for entrepreneurship.
This past Thursday the BEC launched Startup Rounds, officially opening for applications. All Babson undergraduate students, graduate students, and alumni startups with less then $1 million in revenue in the last year are welcome toapply(you’ll need to login or create an account first). Once you’ve applied, you’re able to continuously edit and iterate to improve your profile.
“This is a great way for startups to show off their stuff and gain traction,” said Hammond.
虽然BEC限制第一启动罗unds contest to Babson startups only, it is not intended to exclude the outside community. In fact, according to Hammond, the contest is intended to do the exact opposite:
“The goal of this contest is to get Babson startups in front of the Boston Community. Some startups need to prove their concept, or prove traction, but all startups need something. It may be that they need mentors, more customers, investors, or perhaps just more marketing in general.”
The BECStartup Roundscontest will consist of four 7-day rounds. Within each round, startups will demonstrate the strengths of their business idea and network by gaining support to improve their standing on the leaderboard. When the round clock reaches zero, the round ends, and the startups on top of the leaderboard will advance. At the end of four rounds, the remaining startups will be invited to pitch at the final event and awards ceremony. The top startups will be rewarded with cash prizes and resources in kind.
Currently, the prize pool consists of $3K in seed funding,$5K in legal resources, an invite to pitch toRough Draft venturesfor investment opportunities, and other opportunities to participate in the 2014Mass Challengecompetition.
The BEC’s mission is to support Babson entrepreneurs, driving innovation, business growth, and sustainability. Hammond commented, “The BEC believes that with Startup Rounds Babson entrepreneurs have nothing to lose and everything to gain. For some, it may be an improved business model and a great way to test the market and gain customers, while for others, it can be a great tool to raise capital or (even better) win a seed round.”