Poalim Hi-Tech is sponsoring this year's Startup2 competition. During the competition, startups in different fields can become candidates for investment using the OurCrowd funding platform. While last year's competition focused only on applications, this years competition is open any Israeli high tech entrepreneur in any technological field who has not yet raised a major initial investment. This year's prizes have increased to investment of up to $500,000 or a 200,000 ILS grant for the "Judges Favorite" prize winner. This year's competition has two tracts: Startup and BankAPP.
The Startup track is managed by OurCrowd and is open to all Israeli startups in any field. This competition is for startups that have not yet raised an initial investment of up to $1 million, and does not yet have a steady income or the income level was under $1.5 million during the past year. OurCrowdFirst investments will evaluate the entrepreneurs who meet the criteria, along with a panel of judges who will select the outstanding applicants, which can win investment of up to $500,000 or a grant of 200,000 ILS for the "Judges Favorite" prize.
The BankAPP track is for development of financial APPs that will change the world of banking. The bank developed an API that will allow the competition participants access to the bank's information and capabilities, within the required data and privacy security shell. This track focuses on development of applications for private and business customers, in the world of banking content, such as: digital branch, improved customer experience, solutions for large and small customers, consumer applications intended to assist starting entrepreneurs to polish and develop their ideas, and to approach the finish line with a quality product.
Over the next two months, Poalim Hi-Tech will accompany the competition starting with the the initial registration, through the filtering process and on to final event that will take place on January 25, where the winners of both tracks will be announced. The competition is being held in cooperation with Jerusalem Development Authority and the OurCrowd investment platform. The winners will enjoy valuable prizes and exposure to senior high tech investors in both Israel and world wide.
Contact information: Roi Tal, Poalim Yokneam branch, email@example.com