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Dsion Startup Challenge - Philippines

  • 2018-10-30
  • 2018-11-24

Why are we doing this challenge?

- Promising startups are continuously being created around the world but most of them fade out of the greenlight. Also in the Philippines, Startup ideas that possess great potential and capability are present, but not all are given the chance to become reality due to lack of investors. Another major problem as well is that investment decisions have been entirely dependent on the judgment of a limited number of people. One of the foundations of blockchain is the Decentralization Decision System. It offers a great alternative to change the past misconceptions. Dsion is a 'safe and fair blockchain investment platform' that makes the most of this alternative. Our mission is to help ensure safe and fair investment in promising startups around the world starting here in Philippines, the pearl of Asia.


The purpose of the event

- To find promising start-ups from around the world through the challenge.
- We hope these companies will grow and be included in the Dsion platform.
- We hope that the profit of the invested startups marks the trend to invest in other startups.


Judging Criteria

Evaluation Criteria
- Current market size of business items and future growth potential
- Needs visibility level for target market
- The adequacy and logical feasibility of solution requiring application
- The relevance of the member's history and work ability

Scoring
- Business Model
- Market Validation
- Execution & Design
- Presentation

Additional factor
- A person who can express the willingness to participate or incorporate his or her business in blockchain or in Dsion platform


About Awards

** Grand Winner
a. Commercially Launched Startup to get 100% of total cash prize and bonus prize. [Dsion encourages winners to make things happen and achieve their goal of Commercialization]
b. Startup not in Commercial Launch will get the partial P300,000.00 cash prize. Additional partial P200,000.00 cash can be claimed after Commercial Launch within 6 months
c. Bonus prize of P500,000.00 worth of Dsion can be claimed after they uses Dsion within their business in technically after commercial Launch within 6 months
d. Local fees and Taxes apply.

** 1st Runner Up
a. Commercially Launched Startup to get 100% of total cash prize and bonus prize. [Dsion encourages winners to make things happen and achieve their goal of Commercialization]
b. Startup not in Commercial Launch will get the partial P150,000.00 cash prize. Additional partial P100,000.00 cash can be claimed after Commercial Launch within 6 months
c. Bonus prize of P200,000.00 worth of Dsion can be claimed after they uses Dsion within their business in technically after commercial Launch within 6 months
d. Local fees and Taxes apply.

** 2nd Runner Up
a. Commercially Launched Startup to get 100% of total cash prize and bonus prize. [Dsion encourages winners to make things happen and achieve their goal of Commercialization]
b. Startup not in Commercial Launch will get the partial P100,000.00 cash prize. Additional partial P50,000.00 cash can be claimed after Commercial Launch within 6 months
c. Bonus prize of P100,000.00 worth of Dsion can be claimed after they uses Dsion within their business in technically after commercial Launch within 6 months
d. Local fees and Taxes apply

** Consolation Prizes
a. Startups to get 100% of total cash prize and bonus prize. [Dsion encourages winners to make things happen and achieve their goal of Commercialization]
b. Startups not in Commercial Launch will get additional bonus prize of P50,000.00 worth of Dsion can be claimed after they uses Dsion within their business in technically after commercial Launch within 6 months
c. Local fees and Taxes apply.


How to participate

- After the registration at the homepage you can submit your application through the "Apply" page

Process

FAQ

You can apply on the website >>[Apply] this will proceed to online submission via page.
To apply for participation,you must submit your business details as follows:
1. Business introduction
2. (When conducting business) Business registration
3. Government requiring mandatory submission to the website application form
- Information about the participants/Business decription/ Introduction of the members etc.
- The submission must be made in public and is deemed to have agreed upon at the time of application.
To deliver the contents easily,you can take a video and upload it on youtube and after you upload it on youtube you can submit it already.
If the judges judge that privacy is a concern, contains antisocial element, and overall inappropriate, then participation will be restricted.

Awards

  • Grand Winner – Prize pool of worth P1,000,000.00**
    ONE (1) Startup Grand Winner
    1. Cash Prize of P500,000.00
    2. *Bonus Prize of P500,000.00 worth of 'Dsion'
  • 1st Runner Up – Prize pool of worth P450,000.00**
    ONE (1) Startup 1st Runner Up
    1. Cash Prize of P250,000.00
    2. *Bonus Prize of P200,000.00 worth of 'Dsion'
  • 2nd Runner Up – Prize pool of worth P250,000.00**
    ONE (1) Startup 2nd Runner Up
    1. Cash Prize of P150,000.00
    2. *Bonus Prize of P100,000.00 worth of 'Dsion'
  • Consolation Prizes – Prize pool of worth P200,000.00**
    TWO (2) Startup Consolation Prizes
    1. Each will Receive Cash Prize of P50,000.00
    2. *Each will Receive Bonus Prize of P50,000.00 worth of 'Dsion'

*'Dsion' the Bonus Prize is a Cryptocurrency

※ All prizes (money) local taxes and fees apply.
※ Event details and mechanics may be subjected to changes.