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Startup Pitch Competition Guide



1. Target Market & Duration

Open to Indonesian citizens and those studying in Indonesia with a valid visa. Deadline Submission: 9th July 2021

2. Key Objective & Benefit

Celebrating entrepreneurship and Startup eco-system as one of the key drivers to the growth and diversification of the Islamic Digital economy. We now challenge students, young people and others with ideas or prototype for the Islamic Digital economy (IDE). We believe that thru this initiatives, we are creating young entrepreneurs for strengthening the Islamic Digital Economy, allowing them to building and strengthening the Startup ecosystem in the Islamic Digital Economy and as well as increasing public literacy awareness on Islamic Digital Economy in Indonesia.

3. Participation & Submission

i. Register and PITCH submission via e-Form:
http://bit.ly/StartupCompetitionIndonesia
(Note: Applicants to share post status of their registration through any (1) social media link.
E.g."Our Startup just applied to ''Startup Pitch Competition Indonesia 2021'' @ https://www.iportal.live/en/home)

ii. All applications must be submitted in English language.

iii. There are financial prizes, mentoring and coaching session, opportunity to have your Startup listed and showcase on iPORTAL, and potentially blog on the iPORTAL..

4. Requirements

Startup Pitch Proposal with the following information:

a) Name of the project

b) Describe in greater detail (100 words) the summary of your Startup including code language.

c) Addressing the Pain Point (max. 400 characters)

  • How did you come up with this idea?
  • What is your experience, background and connection to the idea?
  • How did you verify your idea? Family? Friends? Customers?
  • What is innovative about what you are making?
  • What alternatives, if any, did customers have/use before your product to address their pain point?
  • Who are your competitors today?
  • What is your comparative advantage (insight you have that others have missed)?
  • What are the entry barriers for your competitors?
  • How are you or will you reach out your target base of customers? How big is the total addressable market (TAM)?
  • How will your Startup convert traffic into users who will purchase? How will you achieve critical mass of users? How will you retain them?

d) Expected Expenditures

  • How much money have you need to spent on your Startup idea/prototype?

i. __ 00 IDR ii. ___100 IDR iii. ___>300 IDR

  • What have you achieved with your spending? Please describe in min.250 characters.

e) Expected Revenue in Year 1

  • Revenue Amount: ____<10,000 IDR ___ >10,000 IDR
  • Revenue paying clients: ____1-5___6-10___11-20___>20 IDR
  • Revenue paying client location(s): _____Indonesia ____outside Indonesia
  • Revenue broken down to percentage of: ____ On-line ___Off-line

5. Winners Selection

At the end of the selection process, 10 Startups will have the opportunity to present the Startup idea/prototype through a 3-minute speech and 3 minutes for FAQ. Winners will be assess on the basis of the following criteria:

  • Presentation and clarity of speech delivery;
  • Skills and knowledge of ideal Startup, feasibility of the project;
  • Business potential idea of the Product / Service;
  • Degree of innovation and defensibility;
  • Competitive context and positioning;
  • Market needs

6. Prizes

The finalists will be awarded by 1st prize IDR 6,500,000, 2nd prize IDR 4,000,000, 3rd prize IDR 3,000,000 Decisions made by iPORTAL Live, KNEKs and BSI are final. No correspondence will be entertained. The winners will also receive:
i) Mentoring / Experts Coaching Opportunities
ii) Building Strategic networking
iii) Extended Media Exposure

7. Privacy

Whenever the hosting parties needs to contact you in connection with this competition, they shall use the contact information provided by you in the registration and application form. Ensure to provide relevant and accurate contact information such as (email, phone number, etc.). We are not responsible for incomplete or incorrect contact information provided. Hosts reserves the right to contact the winners and any third parties present in the list of contacts provided.

8. Responsibilities

i. No liability can be accepted by the hosting parties for the awarding of prizes. Should the contest not be carried out as foreseen, the hosting parties reserves the right, at its complete discretion, to modify, deny entrance, rejects application or cancel it, without this resulting in any responsibility for the hosts. To participate in the competition, it is not necessary to purchase any products sold by the hosts or its partners. Participation is free of charge.

ii. Applicants agree that the hosts and any other party selected by the hosts may use any information submitted on applications without restrictions, and further agree that any information submitted may be shared with partnering or sponsoring organizations of the hosting parties.

iii. Applicants grant the hosting parties, their affiliates, and regional partners of competition the right to photograph, film, record, and capture applicants’ representatives, presentation material, and any other material of Applicants via any media format at any competition or any other events hosted by the hosting parties, and royalty-free right and license to use any such material in any form.

9. Applicable Regulations

i. This competition is regulated by the individual participating countries laws.

ii. Participation at competition is voluntary and applicants, attendees shall release the hosting parties, their affiliates, partners, sponsors, employees of these organisations, and volunteers from any and all claims, costs, expenses, suits, liabilities, losses, and damages.

10. Hosting Parties

iPORTAL Live Sdn.Bhd, KNEKS and PT Bank Syariah Indonesia Tbk initiated ‘Startup Pitch Competition Indonesia 2021’. For further enquiries, kindly email us at: competition@iportal.live

Click Here To Get Startup Pitch Competition Guide

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