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Are you an ambitious entrepreneur with a groundbreaking Startup idea? Are you looking for an opportunity to showcase your innovation, gain valuable exposure, and secure potential funding?
Startup Avenue is a Competition for aspiring entrepreneurs in Latin America. We aim to foster innovation, drive economic growth, and empower the next generation of Latin American Startups. Our mission is to connect talented entrepreneurs with industry experts, investors, and mentors who can help turn their ideas into reality.
We welcome Startups from various industries and sectors from Latin America. Whether your focus is on technology, sustainability, healthcare, e-commerce, or any other innovative field, you are welcome to participate.
*CHOOSE YOUR CATEGORY DEPENDING ON YOUR REVENUE
Your Startup is in a very early stage but has a minimum viable product (MVP) in the market (or launching in less than 1 month).
a) Revenue: $0 to $1,000 in monthly revenue
b) Number of users (B2C): 0 to 1,000 active users
c) Number of clients (B2B): 0 to 5 paying clients
d) Capital raised: $0k to $50k in total funding
e) Team: you may or may not be working full time
Your Startup has a product in the market with some indications of finding product-market fit.
f) Revenue: $1,000 to $50,000 in monthly revenue
g) Number of users (B2C): 1,000 to 10,000 active users
h) Number of clients (B2B): 5 to 20 paying clients
i) Capital raised: $50k to $500k in total funding
j) Team: Your team is dedicated full-time to the business
Your Startup has a robust product in the market and is focused on growth and scalability.
k) Revenue: $50,000 to $500,000 in monthly revenue
l) Number of users (B2C): 10,000 to 100,000 active users
m) Number of clients (B2B): 20 to 50 paying clients
n) Capital raised: $500k to a $1 million in total funding
o) Team: Your founding team is dedicated full-time to the business and has been able to hire key employees.
COMPETE FOR A CHANCE TO SECURE US$100,000 INVESTMENT
Our competition offers a unique opportunity to unlock the full potential of your startup. Access an extensive network of industry mentors, receive valuable knowledge and feedback, and refine your business model.
Showcase your startup to a diverse audience of investors, industry leaders, and potential customers. Increase your visibility and build brand recognition, creating opportunities for future growth and partnerships.
We have two amazing investment partners.
500 Startup will give up to US$5,000.00 in funding and
Side Door Ventures will give up to US$100,000 in funding to scale your Startup.
Benefit from 1 to 1 expert guidance and mentorship from seasoned entrepreneurs and experts who have successfully navigated the challenges of building a startup. Gain invaluable insights and advice to accelerate your growth.
FAQ FOR THE STARTUP AVENUE COMPETITION 2023
About Startup AvenueWhat is Startup Avenue? Startup Avenue is an entrepreneurship and Startup competition in Antigua Guatemala, Guatemala focusing on Latin American Startups. It provides an opportunity for selected startups to showcase their ideas, connect with industry experts, investors, and mentors, and compete for investment money. When and where will Startup Avenue take place? Startup Avenue will take place during the Volcano Innovation Summit on September 30, 2023, at Cerro de Santo Domingo, Antigua Guatemala, and on October 1-2, 2023, at Hotel Casa Santo Domingo, Antigua Guatemala. Who can participate in Startup Avenue? Startup Avenue is open to startups from Latin America that fall into one of the three categories: Business Idea, Seed & Early Stage and Growth & Scalability. Are there any restrictions on the industry or sector for participating startups? Startup Avenue welcomes Startups from various industries and sectors. There are no specific restrictions on the industry or sector, as long as the startup fits into one of the three defined categories and meets the eligibility criteria. Is Startup Avenue open to international Startups? Startup Avenue is open to Startups from any country in Latin America. It provides an excellent opportunity for international Startups to showcase their ideas and connect with the Latin American Startup ecosystem. What are the benefits of participating in Startup Avenue? Participating in Startup Avenue offers a range of benefits, including: Opportunity to win US$100,000 in investment money Chance to win additional cash prizes, such as US$5,000 and US$2,000.00 for Business Idea & Early Stage categories given by 500 Global. Networking opportunities with industry experts, investors, and mentors Stand position to showcase your Startup during the event Exposure and brand visibility among the entrepreneurial community Learning and growth through interactions with industry leaders and experts Investment and business development opportunities Media exposure and potential client acquisition Can I attend Startup Avenue as an observer or attendee? Volcano Summit is an event by invitation only, we just have a limited tickets sale prior to the event. Each participating Startup will receive a (1) free ticket to the whole event & 2 Tickets restricted to the first day of the event. Additional tickets will be available for purchase with a 10% discount if you are a selected Startup to be part of the competition.
ApplicationHow can I apply to participate in Startup Avenue? To participate in Startup Avenue, you need to fill out the registration form before August 11. The link for registration is Startup Avenue 2023 – Volcano Summit | Guatemala City, Guatemala | F6S Selected startups will be notified. If you participate, you will be part of the F6S community. What is it? The F6S community is the largest online network of founders and entrepreneurs. By participating in Startup Avenue, you have the opportunity to become part of this community, gaining access to its extensive network and multiple international events. This membership provides valuable exposure and connections within the entrepreneurial ecosystem. Is there a cost to participate in Startup Avenue? There is no cost to participate in Startup Avenue. However, Startups are responsible for covering their own travel and accommodation expenses. Can Startups participate in Startup Avenue if they have previously received funding or investment? Yes, Startups that have previously received funding or investment can still participate in Startup Avenue. The event provides an opportunity for startups to showcase their progress, attract further investment, and form strategic partnerships. Are Startups required to have a legal entity or be registered to participate in Startup Avenue? While it is not mandatory for Startups to have a legal entity or be registered, having a clear business structure and documentation can provide credibility and facilitate potential partnerships or investment opportunities. Can I participate in Startup Avenue as an investor or venture capitalist? Startup Avenue is primarily designed for participating Startups. However, if you are an investor or venture capitalist interested in attending the event, please reach out to us through the contact information provided on our website. We can discuss potential opportunities for involvement.
About the EventAre there any benefits before the event? Yes, participating startups can enjoy pre-event benefits, including: Access to Curated Educational Material: Gain exclusive access to educational resources curated by experts in relevant Startup fields. Category-specific Workshops: Participate in specialized workshops designed for each category of Startups. Will there be opportunities to network with other Startups and industry professionals? Yes, Startup Avenue provides numerous networking opportunities. You can connect with like-minded entrepreneurs, industry professionals, potential partners, and mentors throughout the event. These connections can open doors to collaboration, partnerships, and future opportunities. Will there be networking opportunities at Startup Avenue? Yes, Startup Avenue provides ample networking opportunities. You can connect with like-minded entrepreneurs, industry experts, potential partners, mentors, and potential investors during the event.
Event DayCan Startup bring promotional materials or set up a booth at the event? During the first day of the event, Startups will have the chance to set up their own dedicated stand where they can display relevant information about their Startup and pitch their ideas to individual attendees. Additional information will be shared with the selected Startups. Can Startups bring promotional materials or merchandise to the event the other two days? Yes, Startups are encouraged to bring promotional materials, merchandise, and any relevant collateral to showcase their brand and offerings at their stand. This can include brochures, business cards, product samples and branded merchandise. Will there be opportunities for Startups to showcase their products or prototypes during the event? Yes, Startups will have the opportunity to showcase their products or prototypes at their stand during the event. This allows attendees to interact directly with the startup's offerings and gain a deeper understanding of their value proposition. Will there be workshops or masterclasses during the event? Yes, there will be exclusive masterclasses conducted by experts in various fields. Topics covered may include raising capital, perfecting your pitch, and more. These workshops will provide valuable insights and knowledge to enhance your entrepreneurial skills. Will there be investors or venture capitalists present at the event? Yes, there will be multiple investors, venture capitalists, and potential clients and partners present at the event, offering opportunities for startups to connect and explore potential collaborations. You can check the partners of Volcano Summit at the following link: https://www.volcanosummit.com/
Pitch PresentationHow long will each Startup have to pitch their idea? Each startup will have 4 minutes to pitch their idea to a panel of experienced judges and investors. This will be followed by a 3-minute question session. Are there any restrictions on the language used during pitches and presentations? Startup Avenue welcomes pitches and presentations in both English and Spanish. We strongly recommend giving it in English. It is very likely that at least one member of your judging panel would need to hear your pitch in English.
Travel & AccommodationIs accommodation provided for participants traveling to the competition? No, accommodation is not provided by the event. Participating Startups are responsible for covering their own travel and accommodation expenses.
If you have more questions please contact: firstname.lastname@example.org