the Underdog Technology Award call for applications

October 01, 2023

The Underdog Tech Award, an international competition for the top tech startups outside of major tech hubs and communities, was established by inDrive.

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Mission

  • To combat unfairness in an endeavour to make the world a more just place for 1 billion people or more by 2030.

Prize Specifics

  • The Prize’s 60,000 US dollars in prize money are given out as follows:

  • 30,000 US dollars will be awarded for first place, 20,000 US dollars for second, and 10,000 US dollars for third.

Finalists

  • Get access to the inDrive mentoring programme and advice from leading professionals in the field.

  • Gain from PR assistance to draw in new target customers, partners, and investors.

  • Join a global community of businesspeople who share your interests.

Every Candidate

  • Reviews by VC fund professionals: Boost the potential of your startup with input from VC analysts

  • Boost the likelihood that you’ll be offered investments

The Underdog Tech Award’s guidelines

  • You are a founder and a C-level executive, okay? Make sure your startup first:

  • Been started within the last five years.

  • Has a current MVP

  • No investments larger than seed ($4 million) have been raised.

  • Has never taken part in any conferences abroad

  • If everything is okay, submit the form and include your PDF presentation.

  • The basics of your startup

  • Why is your new company the underdog?

  • What is the focus of your offering?

  • Marketplace and rivals

  • MVP, plans for product development, economics of the technology unit, and business model

  • Scalability

  • Impact & mission of the team

  • Why do you think you deserve the Prize?

  • Following that, analysts from VC funds will examine and rank all projects using the following criteria:

  • Personal Leadership Capabilities Startup Market Size

  • Scalability

  • Ability to make money

  • One-of-a-kind competitive edge

  • Good product-market fit

  • Market entry strategy

  • Group potential

  • Goal-oriented/social impact

  • Underdog startup: How have you overcame difficulties or disadvantages?

  • Finally, the “impact” criterion will be evaluated by their jury with an emphasis on firms that want to improve people’s lives by addressing injustice.

For more information, visit inDrive.