SLINGSHOT 2020 - Startup Competition

SLINGSHOT is now back with its 2022 edition!
Participate now by clicking this link!

FREQUENTLY ASKED QUESTIONS

 
  

PARTICIPATION

You can sign up at https://slingshot.agorize.com/2020-edition with a valid email address. Click on ‘Participate’ to receive announcements and notifications about the competition.

When there is an update, you will receive an email from the admin on the Agorize platform and at your provided email address. Please make sure you have clicked ‘Participate’ and check your junk mailbox!

The Agorize platform is open for customer support and can answer any question related to the competition.

You will receive an email confirmation upon successful registration for the Slingshot 2020. If you do not receive any confirmation within 24 hours, please reach out to david.gomez@agorize.com.

To update your details, log in, and go to your participant profile to edit or change your details.

In this challenge, only one team member should apply and will act as the representative for the startup in question.

During the signup process, there is an option to submit a PDF presentation for this track. There can be up to 3 slides in this deck and should be in English only. Startups that can best explain how their solution creates the post-Covid are at an advantage to win this challenge.

ELIGIBILITY

We are not just looking for brilliant ideas, but most importantly, practical and scalable solutions.

Any international startups with a Minimum Viable Product (MVP) and meet the following conditions are eligible to participate:
  • can illustrate initial signs of traction;
  • have proprietary technology or solutions.

Regardless of your business area, all startups are welcome to apply in any categories stated in the Slingshot 2020 Competition:

  • Digital solutions, Consumer products & services
  • FoodTech & AgriTech
  • HealthTech, BioTech & MedTech
  • Manufacturing, Logistics & Transportation
  • Urban Solutions, Sustainability & Energy

APPLICATION PHASE

Your startup must submit a 10-slide PDF explaining:

  • Problem/solution
  • Market and total addressable market (TAM)
  • Value proposition and positioning
  • Go-to-market strategy
  • Business/revenue model
  • Traction: KPI metrics and milestones
  • Forecast 2020/2021
  • Team presentation

There is no template but please do a final check prior to submission:

  • Your PDF must be in English
  • Please preview and confirm that your submissions are accurate

For the Deepening Phase, your representative must submit a short video introduction (up to 2 mins in length) for the company, elevator pitch style!

The deadline for submitting your completed application is 7 September 2020, 2359H (GMT+8).
 
 

MENTORSHIP

Mentoring is part of the awards for the TOP 100 global startups that will be attending the Grand Online Final Event. 

To interact with your mentors please visit your participation space and open the tab called "Mentors" there you will find the Agorize messaging feature.

Each participating team will receive mentorship from up to 5 Mentors.

Your Mentors are selected by top industry leaders and will be revealed at a later date.

You are welcome to reach out to your assigned Mentors for technical assistance related to your team's solution/business model.

For questions regarding the challenge or the framework of the competition, please reach out to the admins.

The mentorship phase will last for a total of 2 weeks.

VIRTUAL FINALS

The announcement for the TOP 100 startups (up to 20 startups/sector) will be made on the 19th of October.

The winning startups will be invited to the SLINGSHOT online final event from 7 to 11 December 2020.


    • One Grand Winner (overall): S$200,000 Startup SG grant and S$10,000 cash prize by L’Oreal
    • Top 10 Sector Winners (2 per Challenge Sector): S$50,000 Startup SG grant
    • Top 100 Global Startups: 

  • An invitation to the Virtual Semi-Finals as part of SFF x SWITCH 2020
  • EntrePass (working visa for foreign entrepreneurs in Singapore) [International applicants only]
  • Access to corporates, investors and mentor networks
  • The winner of SLINGSHOT COVID-19 Challenge award will receive:
  • S$50,000 Startup SG Grant
  • S$10,000 cash prize sponsored by L’Oréal
  • Top 500 startups: An opportunity to participate in the corporate innovation platform and connect with corporates innovation players to embark on co-innovation projects and win up to S$30,000 StartupSG Grant prizes.

The Virtual Finals will take place during SFF x SWITCH from the 7 to 11 of December 2020! Stay tuned for further information.

All startups will be assessed based on the below 4 evaluation criteria:

  • Technical Depth
  • Team 
  • Growth Potential
  • Feasibility of Business Model
  • Differentiation and Impact of Value Proposition

You will need to prepare a 2-min online pitch presentation in English

You will need to prepare a 5-min online pitch presentation in English

 

PREVIOUS EDITIONS

SLINGSHOT is now in its 4th year

Check out the Slingshot 2019 Startup Competition website here

Watch the highlight video from the Slingshot 2018 Startup Competition here