One of the biggest pitching contests in the country, the Rally IN-Prize Competition, is now accepting applications. This yearly event aims to give out investments in five sectors: software, agriculture and food, healthcare, sports technology, and hard technology. Startups in these fields are urged to apply to rallyinnovation.com by May 19.
The Elevate Ventures’ inaugural Rally conference, set for this August, will feature the pitch competition. The pitches at this event, the first cross-sector innovation conference of its sort, are anticipated to catch the interest of several influential investors. The most promising businesses will be chosen once a panel of industry judges has evaluated the proposals. A monetary investment of up to $1 million will be given to each of the five selected beneficiaries. The judges will be national investment and technology leaders with extensive backgrounds in expanding and creating profitable businesses.
Entrepreneurship has grown more difficult as a result of the pandemic and changes in the financial markets, according to Christopher Day, CEO of Elevate Ventures. New market entrants confront an uphill struggle because of the fiercer-than-ever competition. Startups get the chance to present their inventions and receive the money and resources they need to have a real impact through the Rally IN-Prize Competition.
With more than 60 submissions submitted in the first week alone, the competition has garnered a fantastic reaction. The pitch competition’s diverse emphasis areas provide a fantastic opportunity for creative entrepreneurs. Examples include software breakthroughs that rethink strategies to address B2B, B2C, and ecosystem concerns and Ag & Food advances in food, animal health, plant science, and agriculture that aim to build an effective, sustainable food system.
In addition, the competition includes Healthcare innovations like services, digital therapeutics, devices, and diagnostics, enabling a better quality of life or reducing the cost of care. SportsTech, including Esports, training, and technology, is also on the list, providing improved safety, engagement, and experiences for teams, athletes, and fans. Finally, HardTech includes innovations in manufacturing, industry 4.0, and cleantech for producing goods, advanced materials, and new processes.
