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SparkLabs announced the 2020 Tech Startup Challenge (TSC), TSC is aimed to foster young makers, engineers, and entrepreneurs with the necessary skills to solve a real-world problem by creating a prototype and a business plan to implement it. TSC is designed to encourage students in problem finding & solving process by using the concepts in technology and entrepreneurship. Each participant is required to pinpoint a problem in a nearby or faraway community and provide a tangible solution for it. The first part of the challenge consists of making a prototype that can solve the problem pinpointed, and the second part requires a business proposal that can transform one’s idea into a company with growth potential.
High School students can participate as an individual or team of 2-3 members, to complete the task of building a prototype and creating a business proposal for the judges.
There is a $5,000 cash prize, tens of various awards, Arduino kits, and free mentoring opportunities to be won by participating teams.
“Find a problem and provide a technological and entrepreneurial solution.”
Part 1: Technical Prototype
Part 2: Business Proposal
Judging will be done by the expert evaluators at SparkLabs who are experienced in investment evaluations for startup companies worldwide.
Judging Criteria for Part 1: Technical Prototype
Judging Criteria for Part 2: Business Proposal
Winners are selected by combining the scores of Part 1 & Part 2.
*Part 1 will account for 65% of the total score and Part 2 will take up 35%
SparkLabs is a global startup accelerator with a presence in Silicon Valley, China, Korea, Hong Kong, Taipei, and Australia, the company awards the winners of the SocialTech Makerthon, along with other international organizations. SparkLabs is the sponsor of the world’s largest Demoday for startup companies.
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