With $100,000 in prize money and a focus on helping emerging tech-based startups accelerate the growth of their business, TechFuel is Greater San Antonio’s largest cash prize pitch competition. TechFuel is sponsored by the Bexar County Economic & Community Development department and will be hosted by Tech Bloc during the 2020 San Antonio Startup Week month-long conference.
Tech startups located throughout Texas that meet the below eligibility requirements are strongly encouraged to apply prior to the application deadline of October 2, 2020. All applications will be reviewed and screened by the Tech Fuel Selection Committee. The selection committee will determine which applicants advance to the semi-final round of 25 competitors based on the following criteria from their submitted applications: Meeting all necessary competition eligibility requirements Leadership - Does the team have the ability to reach the next level of success? Business Model - Is the revenue model realistic and sustainable? Execution - Are there strong growth metrics or measurable traction? Jobs - If success continues and scales, will this create more jobs? Quality of submitted responses in application
Semi-finalists will then be randomly assigned into one of five groups (designated as Groups A, B, C, D, or E) to participate in a second round of in-person screening with your group’s judging panel. Each group will be comprised of 5 semi-finalist teams and every semi-finalist will deliver a live 5-minute pitch and a 5-minute Q&A session to your group’s judging panel.
All semi-finalists will participate in one of the following days: Tuesday, October 13th: Group A & B Wednesday, October 14th: Group C & D Thursday, October 15th: Group E
A finalist from each group will be selected by their judging panel to advance to the final round of the competition. The 5 finalists will be awarded $2,500 each and will then compete for the Judges' Grand Prize of $50,000 live on October 28nd, 2020.
The TechFuel Showcase finalists will deliver a 5-minute pitch and have a 5-minute Q&A session with a panel of 5 judges through Facebook Live. Judges will then deliberate to select the Judges' Grand Prize of $50,000 winner, and 1st runner up. A live audience poll will be conducted to select the winners of the remaining prizes and awards of special recognition.
What Types of Tech Companies Should Apply?
Applicants for consideration should Be a tech startup that is headquartered or primarily based in the state of Texas Be a properly registered business entity recognized by the state of Texas Have received less than $1.0M from 3rd-party investors Generate less than $1.5M in annualized revenue Have a product/service that is live, or an MVP that has recently launched within the last 6 months, and has measurable performance metrics such as revenue, customers, or successful beta testing results. If selected as a finalist prize winner, be able to maintain a company presence (office or remote employee) within Bexar County for a minimum of 6 months after prize money award date.
Apply at satechbloc.com