Nextwave Startup Hunt 2024

Nextwave Startup Hunt

Nextwave Goa 2024 hosts India's largest startup competition. This prestigious event is set to attract over 40,000 applications from startups nationwide. The competition aims to identify and support the most promising startups, providing them with unparalleled opportunities for growth and success.

What's in it for you?

Grants up to Rs. 50L for eligible startups, providing significant financial support to propel their startups forward.
Exclusive entry to Nextwave Goa 2024 for winners, offering them the chance to network with industry leaders, investors, and peers.
Startup Health Report for all participants. Receive a comprehensive startup health report, offering valuable insights into their business model, market position, and growth opportunities. The report includes industry insights, peer ranking, and detailed analysis to help startups refine their strategies and achieve their goals.

Perks for Winners

Top 5% Startups

Recommendation Certificates
Cash prize for eligible startups
$50,000+ in service credits
Club Membership
Guaranteed Networking

Top 30% Startups

Recognition Certificates
$20,000 in service credits
Club Membership
Networking Opportunities

Perks of participation

For all participants

Startup Health Report
Certificate of Participation
Visibility and Exposure

Apply Now

Nationwide Startup Hunt

Startups apply for the competition by completing the application form.
Applications are reviewed and ranked based on our evaluation methodology.
Every startup that applies receives a detailed health report outlining strengths, areas for improvement, and growth opportunities.
Benefits for Selected Startups:
- Grants: Up to ₹50 lakh in grants.
- Networking: Opportunities to connect with industry leaders and potential partners.
- Mentorship: Guidance from experienced mentors to help grow your startup.
- Media Exposure: Publicity and media coverage to enhance visibility.

Get your startup's health report

Apply: Complete the application form to apply for the competition.
Review: Our team will review your application.
Ranking: Your startup will be ranked based on our evaluation methodology.
Health Report: Every startup that applies will receive a detailed health report.

Grants and Perks

Top 5% Startups

Up to ₹50 lakh in grants.*
Recommendation certificate.
Credits worth $50k+ from popular services.
Guaranteed meet-ups with five investors & five incubators.
Additional perks including potential cash prizes.

Top 30% Startups

Up to ₹50 lakh in grants.*
Recommendation certificate.
Credits worth $20k+ from popular services.
Guaranteed meet-ups with two investors & five incubators.
Additional perks including potential cash prizes.

*Eligible startups only.

Apply Now

How to Get Started?

Apply Now:

Register: Register for the competition by completing the application form.
Payment: Make the payment to complete your registration.
Startup Details: Fill in the required information about your startup.

Required Information:

Basic Information: Startup Title, CIN, website, industry, offerings type, location of operations, startup lifecycle stage, startup funding stage, incubation status, customer focus, and purpose.
Categorisation by revenue of FY24 to FY25Q1

Pre-Revenue: Under ₹5 lakh
Operationalization: Over ₹5 lakh but under ₹3 Cr.
Scaling: Over ₹3 Cr.

Need Recognition:

Problem Statement: Clearly articulate the problem statement including the target audience, problem description, impact, and stakeholders.
Solution Statement: Clearly articulate the solution including a high-level summary, core features, customer interaction, and outcome.
Weightage by Stage: Pre-revenue: 50%, Operationalization: 40%, Scaling: 30%

Preparedness:

Business Model: Customers, target markets, resources, offerings, pricing, research, marketing, competitors, distribution, compliance, costs, and revenue.
Team: Founders' expertise, team skills.
IP: Patents, trademarks, copyrights, designs.
Weightage by Stage: Pre-revenue: 50%, Operationalization: 40%, Scaling: 30%

Traction:

Revenue Traction: Revenue from the last three years and quarters, expenses, customer traction, onboarding time, total customers served, existing customers, repeat customers.
Weightage by Stage: Pre-revenue: 0%, Operationalization: 20%, Scaling: 40%

Ranking Methodology

Our selection process is transparent and rigorous, designed to identify the most promising startups.

Objective Parameters
Revenue: Current and projected revenue (Operationalization and Scaling).
Market Traction: User base, growth rate, engagement metrics.
Funding Stage: Amount of funding received.
Team Experience: Backgrounds of founders and core team.
Product Readiness: Development stage.
Industry Relevance: Alignment with key industries.

Subjective Parameters
Problem Statement: Relevance and clarity of the problem.
Solution Innovation: Uniqueness and effectiveness of the solution.

Scoring Algorithm
We assign weights to each criterion and expert formulas to score them.
Manual evaluations are combined with automated scores to ensure fairness.

Invitation to Nextwave Goa 2024

Results announcement tentatively on Sept 17th.

Top 5% and 30% of startups per category will be invited.

October 25-26, 2024.

Dr. Shyama Prasad Mukherjee Stadium, Goa.

Networking opportunities, panel discussions, workshops, and more.

Download Event Brochure

Apply Now