WEBIT.FESTIVAL Europe
25-27 June 2018, Arena Armeec, Sofia
The winner of Webit's Founders Games
shall receive € 200'000 seed investment!
Watch Founders Games Award Ceremony
Founders Games
Founders Games is the startup competition in the program of Webit.Festival Europe. During the event we not only provide free grant for startups to get a free expo table, free festival tickets and opportunity to meet unparalleled selection top enterprise leaders from all around the world + investors, but also an opportunity to WIN €200 000 seed investment!
The Investors Summit and StartUp Academy are also a part of our Startup events. They are attended by a number of leaders from the corporate world, covering series of topics about innovation through collaboration with the startup ecosystem.!
Attendees
- 84% Europe
- 9% USA
- 7% MENA
- 5% Asia
- 1% Rest of the World
The Seed Investment
The seed investment of 200 000 EUR is provided by Plamen Russev (chairman of Webit.Foundation, investor and serial entrepreneur) and prominent entrepreneurs and investors.
Тhe form in which the seed investment will be paid out is a convertible loan. The loan will convert into shares of preferred stock upon the closing of a next equity financing (Series A round of financing) at market terms for such an instrument.
There will be 2 tranches. The first tranche of 50 000 EUR will be transferred within a month after winning Webit’s Founders Games.
The second tranche will be released upon achieving certain milestones negotiated between the investors and the winner.
The investment offer is non-obligatory for the startup winner of Webit's Founders Games and subject to standard due diligence processes on behalf of the investors.
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