About this Program
This is your opportunity to win over $400,000 in an investment into your company!!
The eMerge Americas 2022 Startup Showcase is presented by Algorand, which builds technology that accelerates the convergence between decentralized and traditional finance by enabling the simple creation of next-generation financial products, protocols, and exchange of value.
Through a competitive application process, eMerge Americas will select 100 startups within three stages (University Stage, Early Stage and Late Stage) to participate in a robust multi-week program, which will culminate in a grand finale pitch competition. This competition will take place April 18-19, 2022, at the eMerge Americas global tech conference in front of leading venture capitalists, corporate enterprises, government officials, global media outlets and judges.
This year, CNBC Shark Tank’s Kevin O’Leary, “Mr. Wonderful” himself, will be a judge in the Startup Showcase finale along with Ryan Whittmore from Florida Funders, Paul Judge from Panoramic Ventures, and more judges will be announced soon.
All participating startups will be allocated prime exhibit space on the 2022 eMerge Expo Floor within “StartUp Alley” to showcase their company over the course of the two-day event.
The winning startup will have a chance to win $420,000 in investment: $250,000 investment from Florida Funders, $120,000 investment from Panoramic Ventures, and $50,000 investment from eMerge Americas.
University Stage Criteria:
- Students and/or recent graduates (up to 2 years) from any college or university
- Minimum Viable Product (MVP) produced
- Little or no revenue
- Less than 1 year since founded
Early Stage Criteria:
- Minimum Viable Product (MVP) produced and Proof of Concept established
- Key members in place (minimum of 2 full-time employees)
- Paying customers (not cash-flow positive)
- Less than 3 years since founded
- No more than $1 million raised in angel or seed capital
Late Stage Criteria:
- Commercially ready product
- Company generating consistent revenue
- Management team in place
- In growth phase
Additional prize provided by Delta:
(2) Roundtrip Tickets US/48 C+
(4) Sky Club Passes
(2) Gold Medallion Status
CONTINGENCIES TO PRIZES / POST CONFERENCE DILIGENCE:
All investment consideration will be subject to post conference diligence to include the following:
-Founder successful passing of background check (criminal, education verification, KYC or similar)
-Deal Room provided to Investor to include all organizational documents, org chart, pro-forma forecast, cap table,
-If Revenue generating: 2021 Financial Statements and YTD 2022 financial statements through March 31
-Execution of SAFE Agreement and Side Letter
- If the winner of the showcase is a LatAm based company, the company would have to incorporate in the US and move HQ to US (preferably in FL) in order to accept investment
PROPOSED INVESTMENT INSTRUMENT:
Standard Post Money SAFE Agreement
-University Category: $5M Post Money Safe Cap, 20% Discount
-Pre Revenue/ Sub $250K ARR: $5M Post Money Safe Cap, 20% Discount
-Early Growth (>$250K ARR): Post Money Safe Cap will be increased by $500K for every $50K in ---Recurring Revenue above $250K. For example a company with $400K in ARR would warrant a SAFE Cap of $6.5M, as well as 20% Discount
Side Letter Provisions:
-Investor will have pro-rata investment rights in all future equity raises or additional debt rounds
-Florida Funders will be granted a board seat and Panoramic Ventures an observer seat
-Investor and Company may mutually agree to expand investment on the same terms
Aerospace, Agriculture, Biotechnology, Clean Technology, Computers and Peripherals