Building on its experience and know-how in the start-up space, the European Bank for Reconstruction and Development (EBRD) is launching its first online competition for high-potential start-ups that have innovated their business models in response to the coronavirus. Innovative early-stage enterprises that have the technology and the potential to scale are welcome to apply by 22 November 2020. The competition will be held on 17 December 2020.
A total of USD 500,000 of mixed cash rewards and vouchers for 5 selected startups to cover the costs will be offered within the framework of the Star Venture programme including business diagnostics, tailored one-on-one technical advisory, mentoring, access to international investors, etc.
The EBRD has financed and advised high-potential start-ups in its countries of operation through various advisory and investment vehicles including Star Venture Programme, Early-Stage Innovation Facility, and Venture Capital Investment Programme.