Every great startup today was just an idea at some point – an idea that was backed by grit, determination, and a push in the right direction.
With this idea in mind, .Tech Domains launched Pitch.Tech, an idea-stage competition to enable aspiring entrepreneurs to bring their great ideas to life.
As part of the competition, entrepreneurs were invited to submit their startup pitch as the first step to turning their idea into a business.
The competition was held in the months of May, June, and July in partnership with Startup Grind with 131 participants from 7 chapters that included Boston, Miami, New Haven, and more.
The grand finale was held on 7th July and the winner Judit Giro Benet, from the chapter Hollywood + West LA, walked away with $10,000 in equity-free funding and benefits up to $100,000 including AWS credits.
Equity-free funding is the funding provided to a startup without an exchange of equity. In other words, the startup can use the funds for the business without having to give up an equity stake in the business to the investors.
This type of funding is more like a grant than an investment. Even though you won’t have to give up equity for receiving the money, you might have to provide detailed reporting or there could be some other strings attached.
Whatever be the case, this type of funding could really be the much-needed thing for the growth of your startup.
Having said that, we asked 40+ Startup Founders what they would do with $10,000 in equity-free funding for their startup or business.
