TechFuel 2022 Startup $100K Pitch Competition

100 Auditorium Circle,San Antonio TX 78205

21 October, 2022

Description

TechFuel is Greater San Antonio’s largest cash prize pitch competition, with $100,000 in prize money and a focus on helping emerging tech-based startups accelerate their growth. Application deadline is September 25, 2022. Apply here: https://www.satechbloc.com/sa-tech-fuel TechFuel is brought to you by Tech Bloc and the Bexar County Economic & Community Development Department. DETAILS Tech startups located throughout Texas that meet the below eligibility requirements are strongly encouraged to apply prior to the application deadline of September 25, 2022. All applications will be reviewed and screened by the TechFuel Selection Committee. The selection committee will determine which applicants advance to the semi-final round of 25 competitors based on the following criteria from their submitted applications: • Meeting all necessary competition eligibility requirements • Leadership - Does the team have the ability to reach the next level of success? • Business Model - Is the revenue model realistic and sustainable? • Execution - Are there strong growth metrics or measurable traction? • Jobs - If success continues and scales, will this create more jobs? • Quality of submitted responses in application Semi-finalists will then be randomly assigned into one of four brackets (designated as Groups A, B, C, D) to participate in a second round of in-person screening with your group’s judging panel. Each group will be comprised of 5 semi-finalist teams and every semi-finalist will deliver a live 5-minute pitch and a 5-minute Q&A session to your a judging panel. A finalist from each group will be selected by their judging panel to advance to the final round of the competition. The 5 finalists will be awarded $2,500 each and will then compete for the Judges' Grand Prize of $50,000 live on October 21st, 2022. The TechFuel Showcase finalists will deliver a 5-minute pitch and have a 5-minute Q&A session with a panel of 5 judges. Judges will then deliberate to select the following prizes: •Judges' Grand Prize of $50,000 •1st Runner Up Prize of $20,000 A live audience poll will then be conducted to select the winners of the remaining prizes and awards of special recognition, including: •2nd Runner Up Prize of $10,000 • Honorable Mention Prize of $7,500 What Types of Tech Companies Should Apply? Applicants for consideration should: • Be a tech startup that is headquartered or primarily based in the state of Texas • Be a properly registered business entity recognized by the state of Texas • Have received less than $1.0M from 3rd-party investors • Generate less than $1.5M in annualized revenue • Have a product/service that is live, or an MVP that has recently launched within the last 6 months, and has measurable performance metrics such as revenue, customers, or successful beta testing results. • If selected as a finalist prize winner, be able to maintain a company presence (office or remote employee) within Bexar County for a minimum of 6 months after prize money award date. Apply at satechbloc.com or https://www.satechbloc.com/sa-tech-fuel