2SLGBTQIA+ Investment Prize

Startupfest is proud to partner with QueerTech to introduce the inaugural 2SLGBTQIA+ prize to the event this summer. Currently valued at $50k, this prize is an exciting addition to our investment prize and opportunity lineup. To qualify to pitch onsite, the most senior member of your executive team must identify as part of the 2SLGBTQIA+ community.
 
Note: We are accepting additional investors for this prize. If you’re interested, contact us!

Eligibility Criteria

The 2SLGBTQIA+ Investment Prize is open to any 2SLGBTQIA+ led startup in attendance. For the purposes of this prize, we define a 2SLGBTQIA+ led startup as a startup with the most senior member of the executive team identifying as part of the 2SLGBTQIA+ community. 

There’s no application process, no form to fill out, and no video to prepare. You just need to register, get onsite, and be ready to wow our 2SLGBTQIA+ Investor Judges with a superb pitch that makes the cut.

The Process

Pitching 
Your goal is to get at least one Investor Judge to shortlist your startup during the first two days of the event.Pitch your startup to the Investor Judges at the 2SLGBTQIA+ Investment Prize space in The Startupfest Village.

If you connect with a judge elsewhere onsite, you can ask to pitch to them on the spot! Connect with as many judges as possible; it only takes one to make the shortlist. Judges will be wearing an Investor Judge badge and a green lanyard to pitch onsite. Avoid pitching in bathrooms, but anywhere else is fair game!
Your pitch needs to be no more than 1 minute but be prepared for questions from the Investor Judges.
 
The Shortlist Process 
Each Investor Judge will submit their chosen startup to the shortlist by Thursday afternoon, July 11th. Shortlisted startups will be contacted by a Startupfest team member.
 
The Finalist Process
On Friday, July 12th, finalists will have 1 minute to pitch their companies on the main stage to the audience. This is followed by a 25-minute Q&A with the Investor Judges.
The winner of the 2SLGBTQIA+ Investment Prize will be announced at the closing ceremonies on Friday afternoon.

Prize Details

The 2SLGBTQIA+ Investment Prize is an investment from up to 10 angel investors. Our default terms are based on an industry-standard SAFE agreement (for reference, please see this standard SAFE agreement). The winning startup will sign the SAFE agreement with each of the investors individually. The investors are willing to create a voting trust, if and when the SAFE agreement converts to equity.

Think these terms shouldn’t apply to you? Need a tweak? We can discuss that. While we adopt industry standard agreements for the sake of simplicity, the judges are willing to discuss alternate terms proposed by shortlisted Startups during their meeting.

Final judges to be announced in the coming weeks!

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