‘Get in the Ring’, initiated by the Erasmus Centre for Entrepreneurship in 2009, with the aim of getting promising entrepreneurs from around the world in contact with in vestors, will hold an event in Hungary for the first time on 22nd of October. The organiser of the Hungarian competition, Enterprise Hungary Nonprofit, said a jury, investors and an audience of 200 people will decide which show-style presentations in a number of categories are the most convincing. On the 22nd of October the most promising startups of Hungary will be selected for a spot in the Regional Final of Eastern Europe.
Since 2009, over 3,000 startups have participated in GITR, resulting in over €6 million in investments. GITR has also been a winner, capturing international awards such as the European Enterprise Promotion Awards for supporting the internationalisation of business. GITR has also been chosen as a featured event of Global Entrepreneurship Week. GITR’s first International Final occurred in 2012.
In 2014 over 2,000 startups will compete in GITR, known by its fans as “the Olympics for startups.” This year, all GITR participants will need to survive two selection rounds to reach the International Final in the Netherlands. Through national selection rounds in over 64 countries, including Hungary, and finals in each region of the world, the 8 most promising startups will come together in Rotterdam on November 21st to compete in the International Final. The best of the Hungarian selection can expect a purse of 23,000 euros. This year, more than 2,000 startups from 64 countries are taking part in the competition.
via getinthering.co and hungarymatters.hu
photo: The Károlyi-Csekonics Palace, the building where the event will take place in Budapest (oroksegnapok.hu)