New Award Structure

We’ve got a new award structure!

Starting in 2018, we’ll be using a new award structure to distribute scholarships to top-placing teams. We will be using this structure moving forward, and hope that this clarifies the judging process and how scholarships are distributed. What does this  mean for you, as a team, mentor, regional ambassador, or parent? Let’s get to it!

New Names & Scholarship Amounts

Beginning in 2018, we will refer to awards as scholarships, as this is a better description of the purpose of the money given to top-placing teams at World Pitch. We will be awarding a Gold Scholarship and Silver Scholarship to teams in each division, as well as Regional Winner Scholarships.

Technovation Gold Scholarship – This scholarship is awarded to the team that comes in first in their division at World Pitch.

Junior Technovation Gold Scholarship: $12,000
Senior Technovation Gold Scholarship: $15,000

Technovation Silver Scholarship – This scholarship is awarded to the team that comes in second in their division at World Pitch.

Junior Technovation Silver Scholarship: $10,000
Senior Technovation Silver Scholarship: $5,000

Regional Winner Scholarships – These smaller scholarships are awarded to 5 teams in each division, and awarded by region. Teams who receive these awards will NOT be invited to World Pitch

Junior Regional Scholarships: $1,000 awarded to each of 5 teams
Senior Regional Scholarships: $1,000 awarded to each of 5 teams

(Teams in each division are awarded by region: Europe, Asia, Africa, North America, South America)

How many teams will attend the World Pitch Summit?

12 teams in total will attend World Pitch as finalists. 6 teams from the junior division, and 6 teams from the senior division. Travel costs and World Pitch participation costs are covered for these teams.

Do the finalist teams who do not receive the Gold Scholarship or Silver Scholarship in their division receive any scholarships?

No. Finalist teams who do not receive Gold or Silver scholarships will not receive scholarships. Their prize is being flown in to attend the World Pitch Summit, field trips to tech companies in the Silicon Valley and tour of San Francisco.

Are Regional Pitch Event winners the same as Regional Winners?

No. Regional Pitch Events are judged separately from the judging process for scholarships.

Will teams who place first in in-person Regional Pitch Events be guaranteed a spot at World Pitch? Will they be guaranteed to receive the Bronze Scholarship for their division and region?

No. Regional Pitch Events are separate from the judging process for the scholarships. Top scoring team/s will qualify to move to second round of judging but are not guaranteed a spot at World Pitch or scholarships.

 

Help us spread the word – talk to your team, your mentor, your regional ambassador and other participants to make sure they’re aware of the award structure.