CRITERIA & RULES
Vision and Charisma. Great companies are built by great teams. We are looking for a great core – a strong leader with charisma and vision, that has put together the beginnings of a strong team to build products and services addressing big markets. One person on the team must be designated as the team lead at the time of the initial submission and thus is authorized to make all decisions on behalf of the team.
Big Markets. Right Product. Right Time. The XTC is designed to give companies that have shown the beginnings of “product / market fit” a boost by providing winners with a lot of visibility and connections to world class influencers and introductions to Fortune 500 companies seeing partnerships with innovative people and companies. We’re looking for scalable products or services that address BIG markets. Validation that customers want your product NOW or demonstrated usage is highly desirable to the judges. Repeat: Big markets. Right Product. Right Time.
Life is short. Move the needle. Be BOLD. We want to hear from entrepreneurs who have the potential to have BIG IMPACT. Big value is created when teams revolutionize big segments at the right time. While not everyone can address the size of markets that Steve Jobs and Elon Musk have been able to revolutionize — there are plenty of markets that are sizeable and ripe for disruption. We’re looking for teams addressing BIG segments.
You will be judged by the quality of your application. We will assume that the style, wording, and thoughtfulness of your presentation will be a reflection of how you will present your idea to customers, partners, and other future stakeholders.
We are looking for WINNERS to weave into our community. There is no hard-and-fast rule as to current revenue level or prior capital raised, but we will be biased to pick disruptive companies where we think we can add value and make a difference to your success. Many of the judges are active investors, and as such, we are generally focused on relatively early stage companies where 1) we can make a difference, and 2) that might provide great returns should judges invest their own capital.
All companies entering the Extreme Tech Challenge have the chance to exhibit at Eureka Park during CES. Eureka Park is the flagship startup destination at CES, providing a unique opportunity to launch a new product, service or idea.
Please notify us at firstname.lastname@example.org if you want to apply to exhibit and be part of the designated XTC area within Eureka Park.
The proposed business should not be in violation of any intellectual property rights; including but not limited to patent infringement.
Prizes are offered subject to compliance with all applicable local laws, rules and regulations. You are responsible for paying for your own travel, accommodation and other costs to attend all of the competition events for which you qualify (Note: The selected Top 3 finalists will receive a travel and accommodation reimbursement for travelling to Necker Island). You are also responsible for paying your own taxes and other charges associated with receipt of the prizes.
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The competition and all included content on our website are provided on an “as is” basis without warranty of any kind, whether express or implied. MaiTai Global specifically disclaims any and all warranties and conditions of merchantability, fitness for a particular purpose, and non-infringement, and any warranties arising out of course of dealing or usage of trade.
Limitation of Liability
To the maximum extent permitted by law, MaiTai Global shall not be liable for any indirect, incidental, special, consequential or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, good-will, or other intangible losses, resulting from (a) your access to or use of or inability to access or use the site; (b) any conduct of any third party; (c) unauthorized access, use or alteration of your transmissions or content; or (d) your participation in the competition or attendance of any of the competition events.
Governing Law and Jurisdiction
Your agreement to abide by these Rules shall be governed by the laws of the state of California, without regard for its conflict of laws principles. We each agree to submit to the personal jurisdiction of a state court located in Santa Clara County, California or the United States District Court for the Northern District of California.
MaiTai Global reserves the right to determine the form and means of providing notifications to you, and you agree to receive legal notices electronically if we so choose. We may revise these rules from time to time and the most current version will always be posted on our website. If a revision, in our sole discretion, is material we will notify you. By continuing to access or use the site or to otherwise participate in the competition after revisions become effective, you agree to be bound by the revised Rules. If you do not agree to the new rules, please withdraw from the competition.
By participating in this business plan competition, you agree to abide by the rules of this competition described above, in addition to the more general terms applicable to the F6S competition platform.