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Official Rules of the Pitch for Purpose Competition (“Award Rules”)
Pitch for Purpose is a startup pitch competition presented by Digital Empowers, a program of Tata Consultancy Services, in partnership with SEED SPOT. Pitch for Purpose recognizes social entrepreneurs and mission-aligned, early-stage technologies striving to make a positive impact on the world through innovative tech-driven solutions.
Digital Empowers will invite the six highest scoring, eligible founders to compete in a live pitch competition, receive access to development resources, and funding opportunities.
Eligibility for Entry:
To be eligible to apply for the Pitch for Purpose Competition (the “Competition”):
1. An Applicant must be represented by the respective startup’s founder and/or part of its current executive team.
2. Founder and startup must be based in the United States, but its work may have an international focus.
3. Startup must have raised less than $1 million in total funding.
4. Startup does not need to be a registered business or nonprofit. The startup must be focused on building solutions to social, cultural, or environmental issues enabled by technology.
5. Applicant must agree to all the Award Rules, including participating in the Pitch competition on November 18, 2021, if chose
Employees, officers and directors of Organizers and any affiliated entities, and their respective immediate families (parents, spouse, children, siblings) or individuals residing in their household (whether or not related) are not eligible Applicants.
Applications may be submitted by Applicant using the application form on the younoodle platform beginning September 10, 2021. Applications will be valid only if the form is fully completed and submitted online any time before 11:59pm PDT on Friday, October 22 (“Applications”).
Criteria for Selection of Preliminary Finalists:
An independent Finalist Selection Committee (Venture Committee), including representatives from across sectors, will choose six (6) Preliminary Finalists from among all eligible Applications.
The Finalist Selection Committee ((Venture Committee) will evaluate applications against the following criteria:
- The strength of applicant’s responses will be based on the following considerations:
- Social Mission: Your startup is developing products or services that will have a positive impact on your community, the environment, or society at large.
- The Founding Team: You must be a founder of the startup, and part of the current executive team.
- Stage: Early-stage startup with a minimum viable product (MVP) focused on product development and building a customer base. The venture must have conducted basic market-level testing and received some user feedback.
- Funding: Your startup has raised less than $1 million in total funding.
- Location: Your startup is based in the United States, but its work may have an international focus.
- Novelty and Uniqueness: the solution should be novel and/or unique is the solution and should have certain differentiating elements from competitors in the same industry and the market.
All Applications will undergo review by the Finalist Selection Committee (Venture Committee). Scores will be awarded by a point system. An Applicant's final score will be based on the average number of points awarded by the judges.
Odds of being named a Preliminary Finalist depend on the number of eligible Applicants received by 11:59 p.m. PDT on October 22, 2021.
Preliminary Finalists will be notified on or before October 29, 2021 through the contact information provided in the Application.
Preliminary Finalists will need to sign an image release waiver and consent form and confirm their eligibility for entry, confirming that they will supply information as to their qualifications as requested, and otherwise representing that they have read and understand the Award Rules and agree to the terms and conditions of the Award Rules, within seven (7) days of notification. If such notification cannot be made or the Agreement is not executed and timely returned, the Finalist Selection Committee will be free to nominate another eligible Applicant until there are six (6) Preliminary Finalists who meet these requirements.
Selection of Competition Winner:
TCS and SEED SPOT will hold a Live Pitch Competition on November 18, 2021. Preliminary Finalists must agree to participate in the 2021 Digital Empowers Pitch for Purpose Competition which will take place virtually, and confirm and supply information as to their qualifications, and otherwise abide by the terms and conditions of the executed Preliminary Finalist Agreement and the Award Rules.
Prior to the Competition, Preliminary Finalists must participate in a pitch prep session(s) to be scheduled based on Preliminary Finalists’ and Mentors’ mutual availability.
Each Preliminary Finalist will present during the 2021 Pitch for Purpose competition. Preliminary Finalists must participate fully in, the Live Pitch Competition to be eligible for Competition Winner.
Preliminary Finalists will be evaluated by the Winner Selection Committee, an external panel of judges for the Live Pitch Competition.
Each Preliminary Finalists’ pitch will be limited to five minutes. The Winner Selection Committee will follow each Preliminary Finalists’ pitch with additional minutes of Q&A. Only a single representative of each Preliminary Finalists may complete the pitch and Q&A and cannot be joined by a co-founder onstage at any time.
One Competition Winner will be selected from among the Preliminary Finalists by the Winner Selection Committee. Winner Selection Committee will determine a winner based on Preliminary Finalists’ pitch performance, presentation, and business model.
The Competition Winner will be announced during the end of the live pitch event.
Each of the Preliminary Finalists will receive:
- Finalists will be registered for a 5-hour Bootcamp with globally ranked social impact organization SEED SPOT. Bootcamp with benefits including:
- Membership to SEED SPOT Community Slack group & Founder Scrums
- One-on-one pitch coaching through SEED SPOT's National Mentor Program
- Media and promotional opportunities
- Six-month one-on-one mentorship with TCS senior technology and business associates, supplemented with C-suite leadership engagements with industry experts in blockchain, cloud, AI, analytics, and more, from TCS’ networks
- TCS will award the first-place founder with a $15,000 cash prize
List of the Competition Winner and Preliminary Finalists’ names and state of legal residence will be available after November 18th on TCS’ websites.
All applications must be submitted online via SEED SPOT’s application portal, younoodle. Only those applications submitted through the online application process will be accepted. Applications received by any other means will not be considered. No application can be individually acknowledged, returned or withdrawn after submission. Neither Organizers nor their parents, affiliated entities or agents, are responsible for any illegible, lost, stolen late, damaged, incomplete, mutilated or misdirected Applications or other documents. Applicants are responsible for ensuring proper contact information has been submitted and is maintained throughout the Award contest to allow communications about the Award contest.
Erroneous or false information provided in the application will result in immediate disqualification of the Applicant. Organizers and the Selection Committee otherwise retain the right to disqualify any Applicant in their sole discretion.
If, for any reason, the Award contest is not capable of running as planned, Organizers reserve the right in their sole discretion to cancel, terminate, modify or suspend the Contest at any time.
By submitting an Application, or by being an Applicant, you understand that there is no joint venture, partnership, employment or agency relation between you and Organizers arising from any application, Prize, or Award.
Preliminary Finalists and the Competition Winner are individually responsible for payment of all applicable local, state and federal taxes. Finalists and the Competition Winner will be required to submit taxpayer identification information and any other information required for the reporting of any Award, Prize Pack or other payments made as Prizes or Awards as part of this contest.
Preliminary Finalists, upon signing an image release waiver, must furnish a digital photograph (of a quality not less than 300 dpi) featuring the entrant’s head and shoulders and taken within the last year (“Qualifying Photograph”). Qualifying Photograph must be submitted as part of the preliminary Finalist’s application. Deliverables requested by Organizers may also include (if applicable and available) logo, supplemental still images (300dpi) and video footage (MPEG, H.264 or ProRes, HD preferably).
The image release waiver and consent form states that each Preliminary Finalist grants permission to Organizers to use the Qualifying Photograph, name, likeness, statements, biographical information, including city and state of residence, and the submitted Application information in perpetuity, worldwide, royalty-free in any and all media now known or which may be developed in the future to promote the Award and the objectives the Award seeks to further.
The decisions of the Selection Committee and Winner Selection Committee are final, and Applicants and Preliminary Finalists specifically agree that the decision of the Selection Committee and Winner Selection Committee and any decision of Organizers is not subject to review or appeal in any forum whatsoever, including courts of law.
NO WARRANTY OF ANY TYPE IS PROVIDED FOR ANY PRIZE. NO CASH VALUE IS PROVIDED FOR ANY PRIZE, OTHER THAN THE CASH AWARDS, AND NO PRIZE MAY BE TRANSFERRED TO ANY PARTY.
By submitting an Application, or by being an Applicant, you agree on behalf of yourself and each of your respective heirs, executors, administrators, legal representatives, agents, successors and assigns (“Releasing Party”) to the Award Rules and the decisions of the Selection Committee and Organizers, as applicable, and any affiliated entities or persons. By submitting an Application, or by being an Applicant, you release, defend and hold harmless Organizers, and their affiliates, advisors, agents, licensees, and any social or other media used for the Award, and individuals on the Selection Committee, and any of their respective officers, directors and employees as applicable (“Released Parties”), from any and all causes of action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills, covenants, contracts, controversies, promises, lost profits, indirect or direct damages, consequential damage, incidental damages, punitive or exemplary damages, judgments, claims and demands whosoever, in law, or equity, whether known or unknown, foreseen or unforeseen, which any Releasing Party has or may ever had, now or hereafter, arising from or related to the Award contest, these Official Rules, any Application materials, including but not limited to any use or non-use of any Application materials, delivery, mis-delivery, acceptance, possession, attendance at, travel related to, misuse, and/or use of or inability to use, any Prize, or technical or other failures of any kind.
The Organizers of this contest are:
TATA AMERICA INTERNATIONAL CORPORATION
101 Park Avenue
New York, NY 10178
515 E Grant St.
Phoenix, AZ 85004
By clicking on Start Your Application, you agree to the Terms and Conditions of the Competition