Business Idea Contest Rules
Cofluencia is an ecosystem that brings together investors, capital, and startups. One of the main parts of our ecosystem is Business Idea Contest, which allows bright minds with great startup or business ideas to secure cash rewards, investor and community attention.
Let’s go step by step on how to apply for the contest and increase your chances of winning:
Step 1:
You have a startup idea — fantastic! Go to our pitch-bot or a website and fill out the feedback form. Add a written description of your idea and a pitch video.
Remember, the quality of the video and text is crucial. Based on them, we will select the best ideas and present them on our platform and social media, introducing you to potential investors and voters. So, follow these simple rules: a video of at least 720p and no longer than one and a half minutes (1:30). Keep the text simple and concise.
Step 2:
Our experts will review all applications, considering your videos and texts, as well as the viability and investment potential of the idea. At this stage, there are no limits on the number of best ideas.
Step 3: (this step doesn’t affect Idea Contests before release of Cofluencia Platform)
All contestants selected by our experts have two options: pay an entry fee or request funding from Cofluencia investors. This will show the seriousness of your intentions and allow you to connect with our investors. We compile a list of potential finalists, and the voting begins! If, for any reason, you cannot pay the entry fee, you can ask for help from Cofluencia investors. If they like your idea, they may cover the entry fee for you.
Step 4:
The Cofluencia community will evaluate all ideas and choose the top 5 to participate in the final. Invite friends and family to vote for you! Please note that we have a powerful anti-fraud system, so participants caught engaging in vote manipulation will be disqualified. Participants who paid the entry fee but did not make it to the final after voting will have another chance to join Business Idea Contest for free.
All ideas that get to this stage will be automatically added to the Cofluencia Platform, where they will be showcased to potential investors!
Step 5:
On the day X, we will livestream the final on one of our partner platforms! You will present your idea to the experts, answer questions, and the participant who receives the most votes from the experts will be our winner!
Our team will get in touch with the winner to discuss prize delivery.
