The Puget Sound Business Journal and TechFlash have announced a creative new startup competition that will pit 16 local startups against each other in a bid to get attention from the PSBJ’s business-savvy readers.
The project, is called the TechFlash Cup and here’s how it works:
Startup companies can compete as long as they are in their early stages – no more than 20 employees, no more than $10 million in financing, no more than three years in business. The first step is to fill out a simple nomination form on the PSBJ’s website.
As part of the nomination form, startups must submit a 30-second video to go with their nomination. Then a panel of judges from the angel, venture-capital, business and startup communities will evaluate the nominations to choose 16 competitors.
Videos of those 16 startups will be posted on an interactive website where people will be able to vote for those they like the most. It’s kind of like those reality television shows where viewers vote for their favorite competitors, except it’s unlikely anyone will be singing or dancing for votes (although, I suppose it is possible).
Every week for six weeks, the two companies with the fewest votes will be eliminated. In the meantime, a TechFlash reporter will interview the founders of the companies and post stories on TechFlash based on their answers.
When we get down to the top four companies, the competition will go to a live pitch session in front of our judges, who will choose the winner of the TechFlash Cup.
It’s a great opportunity to get your name out there in front of the business community in a big way.