he Comet Competition is back—and it’s bigger and better than ever. As of August 1, applications are open. Here’s a chance for early-stage startups to compete on a global scale for a share of $5 million in cash and go-to-market (GTM) funds.
This is the only challenge dedicated to helping tech startups find commercial success. It’s easy to qualify, too: If you know a startup that’s earned less than $10 million in the past 12 months, encourage them to compete in the challenge.
Comet has come a long way in a short time
After a successful first year, the Comet Competition has expanded to become the world’s largest B2B startup competition. In round two, Ingram Micro Cloud will award GTM funding to 64 ISVs in a series of 16 concurrent competitions across five continents.
This year’s host countries for the competition include: Australia, Brazil, Canada, Colombia, France, Germany, India, Israel, Mexico, Netherlands, Singapore, Spain, Sweden, the United Kingdom and the United States.
Win $1 million in cash and more
The contest will award one overall winner and three runners-up in each of the 16 locations. Winners will be awarded $100,000 in GTM funding along with a chance to win $1 million in cash, while each runner-up will get $50,000 in GTM funding. Even better, the top winner of the competition will receive $1 million in cash at Ingram Micro’s Cloud Summit in Miami’s South Beach from May 12-14, 2020.
In addition to the cash and GTM funds, Comet Competition finalists will have the opportunity to distribute their solutions on Ingram Micro Cloud Marketplace—all without an equity grab. This provides young software companies with unparalleled access to Ingram Micro executives and other top corporate partners.
Gain access to our Cloud Marketplace
Winners will also have a chance to expand their worldwide reach by taking advantage of our extensive network of 48,000+ MSPs, VARs, telcos, hosters, system integrators and enterprise-level resellers in 50 global markets.
By accessing Ingram Micro’s ecosystem and channel, startups can diversify revenue, enabling repeatable, scalable and profitable growth. They’ll also find it easier to scale by leveraging APS technology through Cloud Marketplace.
How competing startups will be measured
Judges will evaluate startups in three areas: technology impact, ecosystem readiness and potential for channel success. To win, startups must convince the judges that their technology is viable and has what it takes to become profitable. Ingram Micro’s primary areas of interest include the internet of things (IoT), cybersecurity, infrastructure, middleware, fintech, manufacturing and software as a service.
Do you know a startup that can win? Share this unique opportunity for them to gain significant funding to fuel their trajectory to success. Apply now through October 31, 2019, to compete in the Comet Competition.
Source: https://www.ingrammicrocloud.com/us/en/blogs/comet-competition-20-applications-are-now-open/
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