The organizers of the International Startup Festival announced this morning that at this year’s event one deserving startup will leave with an investment of at least $50K.
And the award won’t be limited to one of the startups selected to pitch on a main stage; any startup present and badged for the event will be eligible to win.
A group of angels and VC investors, including the Festival’s Founders Phil Telio and Alistair Croll, Anna Goodson, Rory Olson, and Danny Knafo have banded together as equal partners to create the prize.
The prize will be an investment in a startup, in the form of an entrepreneur-friendly convertible debenture (reasonable interest rate with no cap on valuation). Terms and conditions with details of the prize will be posted online soon.
If you're interesting in pitching your startup in Montreal this summer, nominate your company now to be one of 12 startups selected to pitch. Not ready for the spotlight of the stage? Book one of 20 Startup demo tables to perfect your pitch and get exposure to festival attendees.
Deadline for Nominations is Friday, May 4 at 5pm EST. Apply now.