Opportunity For Zimbabwean Youth: Forbes Under 30 Summit: $1 Million Change the World Competitions

The competition submission consists of questions that require you to complete short answers, upload documents, and create short videos. Click on “Submit Entry” to register for the competition and to view and complete the submission form.

We encourage you to register for the competition as soon as possible and to make note of all submission requirements. We also suggest that you compile all components of the submission offline and then login to YouNoodle.com to upload and copy/paste your answers.

Submissions will be accepted beginning on August 15. The submission deadline is September 6, 2016 at 11:59PM Eastern Daylight Time. No late entries will be accepted. Please plan ahead. To avoid any technical issues with your browser, do not submit during the last few minutes.

Applicants who make the first cut-off will be asked for follow-up information. Finalists will be notified by September 23 and must be able to travel to Boston, Massachusetts from October 16-19, 2016 for the Forbes Under 30 Summit. A full pass to the Summit will be provided. International applicants need to be mindful of visa and other logistics issues.

True to the competition’s name, this challenge seeks innovative models that attack big problems with solutions that are scalable. The competition is looking for exceptional teams executing bold ideas with the potential to make a huge impact.

The competitions will award a total of $1,000,000 USD in cash and in-kind prizes.

FOR PROFIT Global Competition: $200,000 USD investment to overall for profit winner and $25,000 USD investment to three runners up. Forbes is offering $225,000 in an in-kind media grant to the winner. Winner and runners up will be announced on October 17, 2016.

NONPROFIT Competition: One cash grant of $50,000 USD to the overall winner and $25,000 to each of the three runners up. Forbes will provide a $375,000 in-kind media grant to the winner. Winner and runners up will be announced on October 18, 2016.

For Profit prizes: For profit companies will receive their cash award in the form of an investment, in the form of equity at the same valuation and on the same terms as their current or previous funding round, or if no funding round is underway, in the form of a convertible note which shall convert into equity at the same terms as the next round of funding, when/if the company raises their next round of financing on terms to be decided. It is anticipated, the investment will be completed no later than 60 days following the announcement of the winner.

Nonprofit prizes: Nonprofit will receive their cash award in the form of a grant or other charitable commitment (subject to the terms and conditions of the respective sponsoring organizations).

In-kind prizes: In-kind awards, as part of the grand prize, will be given to the company outright, without any equity consideration.

FOR PROFIT Competition, the challenge is open to:

– Active entrepreneurs who are under the age of 30 at the time of the competition (i.e. born after October 20, 1986) who are a founder, co-founder or top executive of their organization.

– Only companies that already have teams, product in market and customers/revenues should apply. This is not a business plan contest, but rather one that will reward and accelerate those entrepreneurs already making a difference.

– Applicants from around the world; company applicants must be incorporated as a c-corporation in Delaware.

– The business of the company applicants must not be in violation of, and the terms of the investment must be in accordance with, the respective governing documents of General Catalyst and Sound Ventures.

NONPROFIT Competition, the challenge is open to:

– Active social entrepreneurs in the field of education who are under the age of 30 at the time of the competition (i.e. born after October 20, 1986) who are a founder, co-founder or top executive of their organization.

– Those who are already actively engaged in a social enterprise within education. This is not a business plan contest, but rather one that will reward and accelerate those entrepreneurs already making a difference

– Applicants must be U.S. based.

– Nonprofit social entrepreneurs.

– All submissions must be completed on YouNoodle.com and are due on September 6, 2016 by 11:59PM Eastern Daylight Time. No late submissions will be accepted.

– Applicant must be a founder, co-founder or top executive of his/her organization and must be 30 years of age or younger. Any applicants born before October 20, 1986 will be deemed ineligible.

– All submissions and any presentation at the Forbes Under 30 Summit must be made in English. Any submissions not submitted in English will be deemed ineligible.

– Finalists must be available to travel to Boston, MA, USA on October 16-19, 2016 to participate in the Forbes Under 30 Summit.

– Applications will be retained; information and data will be accessed only by competition partners of the two global competitions and not sold or shared.

– Any applications will go through a process of due diligence; any application found to be misrepresentative, plagiarized, or sharing an idea that is not their own will be automatically disqualified.

– All ineligible applicants will be automatically removed from the competition with no recourse or reimbursement.

– No purchase or payment of any kind is necessary to enter or win the competition.

– Applicants must be 18 years or older.