Prizes

Four prizes are awarded at the regional level:

Eastern Europe

First Place: $ USD* 20,000
Second Place: $ USD* 10,000

Western Europe

First Place: $ USD* 20,000
Second Place: $ USD* 10,000

* The amount of the awards does not include tax.

There will be two winning teams from Eastern Europe and two winning teams from Western Europe. The four winning projects will participate in the Intel® Global Challenge at UC Berkeley to be held in November 2011 in Silicon Valley, with covered travel costs for three people per team. Intel® Global Challenge at UC Berkeley is a global business plan competition that brings together some of the best technology projects and talented entrepreneurs in the world. Winners will have a full itinerary of visits with Silicon Valley's most recognized startups and meetings with investors and contacts int he sector relevant to the projects submitted.

The winners from each country will receive official recognition and local media exposure.

All finalists will enjoy an online education program that will train them with the necessary elements to launch their ventures. Webinars will be available on a variety of entrepreneurship topics, including how to write an executive summary and a winning business plan, how to present and pitch to investors, intellectual property issues and financial projections.

In addition, a mentoring program with U.S. mentors is made available to each semi-finalist team. These connections coupled with the numerous contacts, media exposure and feedback made possible by the competition, will contribute to the success of your venture.