Microsoft Bizspark Announces $100,000 Contest

Microsoft BizSpark has announced Startup Challenge – an opportunity for startups to showcase creativity and receive constructive feedback from peers, top investors and Microsoft and most importantly, win $100K in prize.

The challenge offers $100,000 in total Grant to Startups with winning ideas in Cloud and Mobile Category. At the finals, the startup with a  qualifying entry would briefly present its business and demo the application (for both Cloud and Mobile category).

  • 1st Prize: A grant of $40 K each category
  • 2nd Prize: A grant of $10 K each category

The competition runs from March 10th, 2011 to May 15th, 2011 and here are the important deadlines

  • Round-1: 10th March ’11 to 30th March (Online)
  • Round-2: 30th March to 30th April (Online)
  • Finals: 30th April to 20th May (in person Face to Face)
  • Final event will have upto 15 finalists presenting to panel of judges

All business plans will be evaluated on number of criteria, including:

  • Merits of innovation: The ingenuity, creativity and innovation intrinsic to your business plan.
  • Market potential: Does your product or service scale and address a sizable market?
  • Compelling Story: We are looking for teams that can articulate a vision and share a compelling story which will impact the Market.

More details at the contest page.