General rules - eClub is planning to award the first three teams with a three months scholarship for the academic summer semester 2012.
- Student members of the winning teams will receive a monthly scholarship of between 5-15 thousands Kc.
- There has to be at least one student of a Czech University or high school in the team, PhD students are welcomed.
- Maximum two students in the team will be awarded.
- We will not allow winners of other startup competitions (1-3 place).
- eClub will try to get a mentor for each of the winning teams.
- The scholarship is awarded to support work on the proposed project during summer. The mentor and the eClub will monitor the progress.
- Teams receiving the scholarship will be asked to document the progress (github, gode.google, blog, ...)
- eClub reserves the right to suspend the scholarship if the awarded team will stop or suspend the work on the project.
- The scholarship suspension will be a joined mentor and eClub representative decision
Jury rules
The jury will evaluate the
proposed projects based on the 5 P of an investment rules:
- Quality of a problem: how big
is the market need of the proposed idea
- Potential: how big is the
potential target market size
- People & Passion: who are
the founders, what are their abilities and how big is their commitment
- Payment: how well is defined
the monetization of the proposal
- Prove it: how well is defined
the basic idea, what are the essential steps to turn the idea to a business,
presentation quality.
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