Startup Competition Young Rules

1. Timeline and Duration

The call for 2023 is now open.

Dates regarding the announcement of the finalists will be announced soon.

2. Promoter

The company which promotes the initiative is Search On Media Group S.r.l., Operational Headquarters: via Ufo Bassi, 7 - 40121 Bologna, VAT 02418200800 - Share Capital 10.000€ Phone: (+39) 051 09 51 294 - Email: info@searchon.it

3. Goals

The WMF wants to promote entrepreneurship culture among young people. The Startup Competition Young encourages the creation of innovative business ideas regarding one of these themes:

Sport and wellness
Education
Tourism
Services for disabled people
Legality
Employability
Services for the elderly
Green and sustainability

4. How to participate

The competition is open to subjects under 22, enrolled in a secondary school or a university course.

Send your request by filling out the form with the following pieces of information:

Name of the project;
Description of the project;
Elevator Pitch.

5 . The Competition

At the end of the selection process, our team will choose 6 startups who will have the opportunity to present their project at the WMF through a 3-minute speech. Following the presentation, the public will have 3 minutes to ask for further clarification. The audience will then express their preference through an online voting system, on the basis of the following criteria:

Skills and knowledge of the team, feasibility of the project;
Product / service development stage;
Degree of innovation and defensibility of the same;
Competitive context and positioning;
Market needs;
Business potential of the idea.

6. Prizes

The finalist of the Startup Competition will be evaluated by a technical jury of experts and by the audience. The remaining prizes will be awarded by the same partners according to the following criteria:

Clarity of the speech;
Knowledge and skills of the team, feasibility of the project;
Product / service development stage;
Degree of innovation and defensibility of the same;
Competitive context and positioning;
Market needs;
Business potential of the idea.

The winners will gain funding through digital marketing consultancy products and services. The prize is not convertible to cash. The value of the prize is made up by services offered by our partners. The promoter declines any responsibility for the prizes awarded by the partners.

7. Privacy

The promoter reserves the right to contact the winners and any third parties present in their list of addresses.

8. Decree 430/1

In accordance with Article 6 of the Presidential Decree 430/01, this initiative cannot be considered a prize contest. The competition was conceived for projects or studies that belong to an industrial context, in which the award consists of the recognition of personal merit and other benefits.

9. Responsibilities

No liability can be accepted by the promoter for the awarding of prizes. Should the contest not be carried out as foreseen, the promoter reserves the right, at its complete discretion, to modify or cancel it, without this resulting in any responsibility for the promoter. To participate in the initiative, it is not necessary to purchase any products sold by the promoter. Participation is free of charge.