Applications are now open for the Draper Business Plan Tournament. The first round of applications are due December 15th, 2016.
The accelerator will take place in Silicon Valley, from Feb–Mar 2017. Each of the Top 16 teams will receive a double-occupancy room.
• The Top 16 teams will get accelerated and present in a business plan competition with over 100+ expected principal venture capitalists.
• Draper Associates will fund the top 4 teams. The 3rd & 4th place teams will each receive $250k investment. The 2nd place team will receive $500k investment. The 1st place team will receive $1M investment. Teams will receive funding in exchange for 8-12% of their company.
• The acceleration is valued at $40,000 per team, including 3 months of housing at Draper University in a double-occupany room, co-working space at Hero City, mentorship, sales, marketing, finance, and survival training.
If you want to apply, the 1st batch of applications (recommended for international students for visa purposes) are due on December 15th. The 2nd batch of applications are due on January 15th.