Coller $1,000,000 Startup Competition

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Content

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May 16, 2017

Congratulations to Easy2Hike!
  • Winners

    Easy2Hike Wins a $100,000 Investment from the Coller School of Management

     

    The Coller School of Management launched the Coller $1,000,000 Startup Competition this year. This competition is for students and recent alumni of the Coller School of Management and other departments at Tel Aviv University who are at the beginning of founding their startups. This year the competition attracted applications from various fields, including gaming, online solutions, health, journalism, hobbies, recreation and more.

     

    According to Prof. Moshe Zviran, Dean of the School of Management, “The values of entrepreneurship and innovation are an important element of academic studies and administrative activity. The Coller Competition encourages entrepreneurial thinking among the students of the School of Management and Tel Aviv University and aims to assist entrepreneurs in their early stages by allowing them to combine entrepreneurial spirit with knowledge and tools acquired during their studies.”

     

    According to Dr. Iris Ginzburg, Head of the Sofaer International MBA and the MBA in Management of Technology, Innovation and Entrepreneurship, "The first stages of entrepreneurial initiatives are critical to success later, and therefore the competition places emphasis on projects at this stage. The competition allows participants to experience the challenges of the business world and creates a connection between their studies and practice, while being provided guidance and assistance from mentors from the academic and industrial fields.”

     

    Easy2Hike, a platform for enriching the nature experience, won first place prize in the Coller $1,000,000 Startup Competition Finals – a $100,000 investment.

     

    Five teams, out of 70 applications, competed in the competition finals. The final event was attended by Prof. Joseph Klafter, President of the University, British businessman Jeremy Coller, who was the driving force behind the initiation of the competition, and Prof. Moshe Zviran, Dean of the Faculty of Management. Jeremy Coller, who was also a member of the panel of judges, noted that he considers the dynamic environment of entrepreneurship and innovation to be a key element in research and teaching, and that the aim is to establish the leadership of the School of Management in these fields in the international academic arena.

     

    Prof. Moshe Zviran, Dean of the School of Management, referred to the competition, which was launched this year, saying, "The ventures that reached the final stage have proven intellectual and business maturity, even though they are in their early stages, which indicates a combination of entrepreneurial activity and academic background.”

     

    The winning venture can choose between a $5,000 cash prize and a $100,000 investment to develop the startup, reflecting an initial value of $1 million. The prize and grant are given by the Coller Foundation for Philanthropy. The winning startup, Easy2Hike, which belongs to entrepreneurs Erez Talgam, a graduate of the MBA Program in Management of Technology, Innovation and Entrepreneurship at the Coller School of Management and his partner Uri Bar, provides a unique platform that creates a new standard for hiking and improves the experience for visitors to public parks around the world. In addition to the hikers, park managers also receive advanced tools that enable them to generate insights into visitors' behavior which allows them to create a customized experience for visitors, improve park management and increase revenue. The entrepreneurs chose the investment grant from the two options offered to the winners.

     

    In addition, She’z, Galivac, CASTOR, and SkinCope participated in the competition finals. She’z is an application for professional counseling for women based on a cooperative economy, by the entrepreneurs Keren Raviv, Adi Bengal Dotan and Nir Bernstein. The startup's advisors include journalist Lihi Lapid, who came to support the team members at the competition finals. Galivac is a virtual startup that develops innovative VR screening and placement tests to enable companies to recruit quality and appropriate employees while saving time, money and manpower. CASTOR is an application that enables 3D printing of computer game models. SkinCope is a medical monitoring platform for patients with skin diseases.

     

    In addition to Jeremy Coller, the panel of judges included Izhar Shay, General Partner at Canaan Partners Israel, Yanki Margalit, Chairman and Investor of Pixter Media, Noga Kap, startup mentor and investor, Dr. Iris Ginzburg, Head of the MBA Programs in Entrepreneurship and Innovation at the School of Management, and Prof. David Mendlovic of the Faculty of Engineering, who also serves as Director of TAU Ventures. The event was hosted by Prof. Sean Weiss, Associate Professor of Entrepreneurship at Ryerson University in Canada, who led the competition committee.

     

    Click for pictures from the event.

  • About

    The Coller School of Management at Tel Aviv University is proud to announce the inaugural Coller $1,000,000 Startup Competition. Leveraging the generous and ongoing support of Mr. Jeremy Coller, on May 16th, 2017, teams composed of Tel Aviv University students and alumni will compete for an investment of $100,000 in front of an audience of investors, entrepreneurs, students and family. The goal of the competition is to encourage students at TAU to promote their million dollar startup.   

     

     

     

    Determine your Eligibility

    To enter this competition, a team must:

    1. Have at least one member who is currently enrolled or has graduated from Tel Aviv University within the past five years.
      1. TAU member must own at least 10% of the firm if the team has already incorporated a firm.
      2. TAU member must own the idea if the team has not incorporated a firm.
         
    2. Have a working prototype (e.g. Alpha, MVP, Demo, Mockup).
       
    3. Have a maximum of $25,000 in external funding (e.g., grant, investors, etc.).
    4. Have a maximum of $25,000 in revenues.

    Full rules can be found here. Submit your application by April 22.

     

     

     

    Information Session

    Click on the picture below to view the general information session which took place on March 2.

     

     

     

    How can I find teammates?

    Don't have a team yet? Not sure of your idea? 
    ​If you are creative, inspired and motivated, come and meet potential teammates on the 

    Coller $1,000,000 Startup Competition Facebook group
    Multidisciplinary teams are highly encouraged, so start networking!

     

     

     

    Email Updates

    To receive email updates regarding the competition, fill out this form.

     

     

     

    About Jeremy Coller

    Jeremy Coller is CEO and founder of Coller Capital, one of the largest global firms in the secondary private equity market. He is a committed philanthropist and supporter of worldwide teaching and research in entrepreneurship and innovation, including at TAU where he founded the Coller Institute of Venture in 2013. Based on his financial acumen in the private equity market, Financial News named him “Personality of the Decade” in Europe. He was also voted one of the most influential people in his line of business in each of the past four years. 

    In a milestone for Tel Aviv University, the Faculty of Management has been newly dedicated as the Coller School of Management, thanks to a substantial gift from UK investment wizard and TAU Honorary Doctor Jeremy Coller. The gift is expected to take the School to the next level in management research and teaching and to catapult it to the very top among academic providers of management education in venture, innovation, and entrepreneurship.

     

     

    For questions or more information, please contact Avigayil Stein.​

  • Key Dates

    March 2: General information session at 18:00, Recanati Building, room 405
    To view the information session, click here.

     

    March 27: Information session on “How to pitch your idea” at 18:00, Recanati Building, room 251

     

    April 22: Deadline to submit your application

     

    May 1: Announcement of five finalists and five poster presenters
    The 5 finalists will pitch live on the stage on May 16 at the Coller $1,000,000 Startup Competition Finals.
    The 5 poster presenters will each be given a table at the event to present their startup.

     

    May 10: Finalists meet 1 on 1 with Sean Wise to dry run their pitch

     

    May 16: Coller $1,000,000 Startup Competition Finals at Tel Aviv University at 18:00
    Sign up here to attend the Coller $1,000,000 Startup Competition Finals.

     

    How can I find teammates?

    Don't have a team yet? Not sure of your idea? 

    ​If you are creative, inspired and motivated, come and meet potential teammates on the 

    Coller $1,000,000 Startup Competition Facebook group

    Multidisciplinary teams are highly encouraged, so start networking!

  • Rules

    1. General: All submitted startups must be “for profit” entities.

       
    2. Entry Fees: The COLLER $1,000,000 STARTUP COMPETITION does not have an entry fee.

       
    3. Entry Conditions:

      To enter this competition, a team must:

      1. Have at least one member who is currently enrolled or has graduated from Tel Aviv University within the past five years.

        I.TAU member must own at least 10% of the firm if the team has already incorporated a firm.

        II.TAU member must own the idea if the team has not incorporated a firm.

      2. Have a working prototype (e.g. Alpha, MVP, Demo, Mockup).
      3. Have a maximum of $25,000 in external funding (e.g., grant, investors, etc.)
      4. Have a maximum of $25,000 in revenues.

         
    4. Submission: The submission package must include:
      1. Executive Summary
      2. Pitch Deck of 6-12 Slides
      3. Founder CVs
      4. Team Video

        Can submit optional documents:
      5. Prototype/MVP demo video
      6. Traction Summary
      7. Lean Canvas
      8. Explainer Video

        All submissions will be handled using www.TAU2017.StartupCompete.co

         
    5. Judges: Winners will be selected by a cross section of members of the startup community, which may include VCs, Angel Investors, Academics and Entrepreneurs.  

       

    6. Feedback: All teams that submit complete applications will receive feedback on their submissions from the Judges. It is our expectation that, even if a team is not selected to compete, the application process will provide a unique coaching opportunity for developing ventures. Feedback will be available after invited teams are announced.

       

    7. Non-confidentiality: All sessions of the Competition, including but not limited to oral presentations and question/answer sessions, are open to the public at large. Any and all of these sessions may be broadcast to interested persons through media which may include radio, television and the Internet. Any data or information discussed or divulged in public sessions by entrants should be considered information that could possibly enter the public realm, and entrants should not assume any right of confidentiality in any data or information discussed, divulged, or presented in these sessions. Due to the nature of the competition, we are not able to ask judges, reviewers, staff, or the audience to agree to or sign non-disclosure statements. However, TAU, the organizer of the COLLER $1,000,000 STARTUP COMPETITION, will make every effort to limit distribution of materials presented at the Competition. TAU cannot guarantee that other individuals will not obtain access to electronic or hard copies of the business plan. All presentations are open to the general public, and some presentations may be videotaped. Attendance by media personnel is expected.

       

    8. Copyrights & Permissions: If a team uses copyrighted materials and/or images from a third party in their submissions or presentations, they must obtain permission and authorization in advance from the owners to use this material and submit the written permissions with the application package.

       

    9. Information presented by participants at the Competition is the sole responsibility of participants, TAU and any of its affiliates, has not taken, and does not intend to take, any steps to verify the adequacy, accuracy or completeness of any information, materials or statements made by participants. Participants, and not TAU, is responsible for ensuring participants’ compliance with all applicable federal, state and other securities laws, and it is solely participants’ responsibility to comply with any of such laws that are applicable. TAU does not give investment advice, endorsement, analysis or recommendations with respect to any securities and is not a broker, venture fund or an investment advisor.

       

    10. Use of Competition Materials: TAU reserves the right to use any material prepared for the COLLER $1,000,000 STARTUP COMPETITION in publicizing and promoting the event. TAU may use these materials in any printed materials and any videotape or other medium that it may produce. TAU may videotape any portion of the Competition and utilize these tapes in any way that its sees fit.  TAU may use general Company information in press releases.

       

    11. Judging Rubric. The submissions will be judged along the following rubric:
      1. Team quality (including execution capabilities) 25%
      2. Opportunity and market size 20%
      3. Unique Value Proposition 10%
      4. Business model (and ability to scale) 15%
      5. Innovation/Technology quality 20%
      6. Presentation quality and skills 10%

       

    12. Changes to Competition Rules: While not anticipated, these rules and prizes are subject to change at the discretion of TAU at any time. TAU staff has the right to interpret these rules according to its own judgment.

       

    13. Decisions regarding the Competition and the Winners: All decisions regarding the competition rules, procedures, and processes are at the sole discretion of TAU. Changes and/or interpretations of these rules may be made by TAU at any time. The selection of the teams to compete and the decision of the winners are at the sole discretion of the Judges and TAU. Best efforts will be made to make decisions in accordance with this Official Rules document.

       

    14. Winning conditions and awards
      1. First Place Award
        1. The best startup as selected by the Judges will be awarded US$5,000 provided by Mr. Coller.

        2. Winning teams may elect to exchange first prize for a US$100,000 investment into the winning startup at a Post Money Valuation of one million dollars (e.g. investors get 10% ownership in the winning startup) provided by TAU or its affiliates. Terms of such investment to be negotiated within 90 days of the conclusion of the Competition. Failure to agree to terms within this timeframe will be deemed a forfeit of the investment opportunity by the winners, and first prize will revert to US$5,000 provided by Mr. Coller.

          In addition, First Place winners will receive:

             a. A library of startup books.

             b. An offer to join the TAU on campus incubator for 6 months.

             c. $5,000 in paid mentoring.

           

      2. Second Place Award
        1. Four companies will win the second place prize.

        2. Second place winners will receive:

            a. A library of startup books.

            b. $5,000 in paid mentoring.

           

      3. Third Place Award

        1. Five companies will win the third place prize.

        2. Third place winners will receive a library of startup books

  • Awards

    The 5 finalists will pitch live on the stage on May 16 at the Coller $1,000,000 Startup Competition Finals.

    The 5 poster presenters will each be given a table at the event to present their startup.

     

     

    First Place Award

    1. The best startup as selected by the Judges will be awarded US$5,000 provided by Mr. Coller. 
    2. Winning teams may elect to exchange first prize for a US$100,000 investment into the winning startup at a Post Money Valuation of one million dollars (e.g. investors get 10% ownership in the winning startup) provided by TAU or its affiliates. Terms of such investment to be negotiated within 90 days of the conclusion of the Competition. Failure to agree to terms within this timeframe will be deemed a forfeit of the investment opportunity by the winners, and first prize will revert to US$5,000 provided by Mr. Coller.

    In addition, First Place winners will receive:

    1. A library of startup books.
    2. An offer to join the TAU on campus incubator for 6 months.
    3. $,5000 in paid mentoring.

     

     

    Second Place Award

    1. Four companies will win the second place prize.
    2. Second place winners will receive:
      1. A library of startup books.
      2. $5,000 in paid mentoring.

     

     

    Third Place Award

    1. Five companies will win the third place prize.
    2. Third place winners will receive a library of startup books.

     

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