I recently had the honor of presenting Xogo to the judges of the LA Startup Prize, and we were selected as the winners. Here's how it works:
Entrepreneurs invited from across the world register for the Startup Prize competition program which offers a Grand Prize of $25,000 cash and $50,000 in professional business services. During Qualifying Events, entrepreneurs and startups are offered professional insight from regional and national experts in topics ranging from accounting to legal, patents, branding, marketing, B2B interactions, human resources, and more via panel discussions, roundtables, and one-on-one consultations. Entrepreneurs are also given insight into the area’s resource pool for talent, real estate, manufacturing, and other local B2B services that are available for use, in addition to what ways their services can be used by the local economy.
Judges, informed by the completed business canvases and reports compiled by Mentors about in-person interactions with contestants at events, select five finalists to advance to the Final Round. The finalists are invited to return in order to perform a closed pitch to the Investor Judge panel which scores each startup. The highest scoring startup becomes the winner and is awarded the Grand Prize.
You can see our story on USAToday.com and a short video about the event below.