Global Entrepreneurship Week has announced the “GEW 50,” a list of the 50 most innovative new companies competing in the Startup Open, a competition that recognizes startups with high-growth potential.
These elite ventures will now vie for a handful of prizes with the winners announced during Global Entrepreneurship Week and Canada is among the two dozen countries being recognized as the best and brightest in the world.
Those recognized hail from 24 countries on six continents and represent a range of industry sectors—from enterprise tech and software innovations to health, life sciences and travel—and Vancouver's RosterBot and Toronto's Enginuity Search were named to the list of finalists.
Startup Open applicants were judged on the concept and growth projections for their businesses as well as their knowledge of their industries. Each of the competing startups was required to have a “startup moment” between GEW 2012 and GEW 2013. A “startup moment” is anything that can be interpreted as the company is “open for business,” such as becoming incorporated, completing a first sale or securing outside funding.
The GEW 50 will now go through a second round of judging to select the overall winners, which will be announced on Monday, November 18, the opening day of Global Entrepreneurship Week.
The Startup Open Grand Prize winner will receive an all-expenses-paid trip to Moscow where they will attend the Global Entrepreneurship Congress (GEC) in March 2014. The GEC brings together entrepreneurs, investors, global leaders and startup champions from more than 100 countries to explore the best ways to build and strengthen entrepreneurial ecosystems.
As part of the experience, the Startup Open winner will have the opportunity to showcase his or her startup on a global scale and meet with potential collaborators, mentors and others to help the startup grow.