STAGE 1: THE CATEGORY COMPETITION
Three finalists will be selected from each category; Starting Up, Scaling Up, and Growing Up. All finalists are awarded with a $5,000 pre-approved loan. Finalists compete in their category for the chance to win a matching $5,000 grant and access to additional business supports (see below).
Please note that all category winners are required to access the loan before they are awarded the grant.
The first prize comprises a grant of $5,000 and a pre-approved loan up to $5,000. Read more about why this prize comprises a grant plus loan.
The first runner-up is awarded a pre-approved loan of up to $5,000.
The second runner-up is awarded a pre-approved loan of up to $5,000.
STAGE 2: THE GRAND COMPETITION
In Stage 2, the three first prize winners from each category in Stage 1 will compete against each other for the Grand Prize of an additional $5,000 grant.
Ignite Capital, along with its partners, extends an evolving offer of other value-added benefits as part of the prize package, such as:
- Legal counsel to help you establish your business
- Business counsel