GlobeNewswire by notified

The Startup Race Launches Hackathon to Kick-Off its 2022 £10,000 UK Startup Race

Share

Audacious Accelerator Program Begins with Six-Month ‘Gamified’ Startup Competition Rewarding Sales Numbers over Pitching Skills

EDINBURGH, UK, May 26, 2022 (GLOBE NEWSWIRE) -- The Startup Race Accelerator announced today its 48-hour Online Hackathon opens at 5pm on Friday, May 27 2022, as preparation for its £10,000 Startup Race, which begins June 14, 2022. 

More than 350 fast-growth entrepreneurs have so far registered for the Pre-Hackathon programme on Leanstack, and this enables them to learn startup secrets from Ash Maurya and check out the other participants in order to find potential CoFounders. The online hackathon will enable them to build their team (if necessary) and create a Minimum Revenue Product (MVP) to win the following cash prizes: 1st - £2,333, 2nd - £12,667 & 3rd - £1,000. These funds can then be used to prime their growth hacking efforts in order to go on and win the £10,000 cash prize.

“This Hackathon is the beginning of something exciting for both The Startup Race brand, and the UK entrepreneurship community,” said James Shoemark, a veteran in the UK startup space, and the co-founder of The Startup Race. “The old standard, known as a ‘Pony Pitch Parade,’ is obsolete and doesn’t necessarily prove that a startup is worthy of investment. We are disrupting this model for the benefit of all stakeholders by rewarding the behaviour we want to encourage: entrepreneurs generating revenue.”

The Hackathon is the preamble to a meritorious process for startups to achieve scalability. The method, first developed by Silicon Valley Entrepreneur Steve Blank in 2013, is both attractive to Angel Investors and startups with Problem/Solution Fit and go-to-market strategy. Throughout the £10,000 Startup Race, a number of Investors and high net-worth Individuals will be able to observe how the teams perform over the 6-months, and be introduced to those they may be interested in supporting as the competition wraps up at the end of the year.

Upon entry to the pre-Hackathon programme, participants will gain access to the world’s best leanstart startup resources in order to validate their thinking, develop their business model and personal profile in order to attract co-founders. Other world-class resources that will be provided for free on Leanstack include the Foundations and Business Model Design Playbooks and Lean Canvas & Traction Roadmap tools. The £10,000 Startup Race process will also help entrepreneurs incorporate their UK company and open a UK business bank account to enable them to start generating sales as soon as the competition starts. 

The 48-hour Hackathon will run 27-29 May 2022, and is designed to establish the creation of startup teams by giving entrepreneurs an opportunity to demo their business model to the other Hackathon participants and either recruit them to join their team or forgo their idea and join somebody else’s team. There will be 1st, 2nd & 3rd prizes for the best MRP Demo. The Startup Teams will then have two weeks until June 14th to create a Minimum Revenue Product (MRP) for the commencement of the £10,000 Startup Race. The competitors will also be given free access to LivePlan, the world's fastest and easiest way to write a business plan, created by Palo Alto Entrepreneur, Tim Berry. Racers will be benchmarked based on the ¨Prime Metric of Revenue to rank top performers each week. Only the Premier League will be made public but all Racers will be able to access a private dashboard that reveals their current position and suggestions on how they could improve their ranking. 

“This highly competitive opportunity allows for entrepreneurs to learn while doing, and then succeed with true proof of what they’ve created,” said Michael Clouser, co-founder and CEO of The Startup Race. “While the competition is short, it’s focused and concentrated, and will culminate with data that will benefit both entrepreneurs and investors as they enter the next chapter of their startups growth, possibly together.”

The Startup Race idea began in 2014 when Mr. Shoemark was asked by a young entrepreneur for advice during a League of Entrepreneurs Meetup event: “Could the startup process be gamified?” Mr. Shoemark decided that a business competition using the Pirate Metrics (AARRR as popularised by Dave McLure) could be the answer. He soon teamed up with Michael Clouser, a former Silicon Valley VC and other Edinburgh based Entrepreneurs and Investors to partner with him on this new venture in order to support Fast Growth startups in the UK and around the world. 

Winners of The Startup Race will be announced during a ceremony in the Winter of 2022.  The 10,000 prize is non-dilutive and will be provided in the form of a cash grant from the Startup Race to the winning team. 

For more information on The Startup Race, please visit:  WWW.TheStartupRace.com.

____

ABOUT THE STARTUP RACE

The Startup Race, based in the UK, is a hackathon and accelerator dedicated to proving that sales and revenue are the true benchmark of a successful startup, rather than the initial pitch. The event and company itself is the product of a young entrepreneur asking Mr. James Shoemark in 2014, how the startup process could be gamified. Shoemark decided that a business competition using the Pirate Metrics (AARRR as popularised by Dave McLure) of Acquisition, Activation, Retention, Referral and Revenue as a benchmark for ambition, competition and growth could be the answer. He soon teamed up with Michael Clouser, a former Silicon Valley VC and other Edinburgh based Entrepreneurs and Investors to partner with him on this new venture in order to support Fast Growth startups in the UK and around the world. The first £10,000 Startup Race will continue though the fall of 2022, where a winner will be announced and awarded the £10,000 Cash Prize. After this Startup Race has completed, they will be partnering with Scottish Investors to run a £300,000 Startup Race and then a £1,000,000 International Startup Race. More information about The Startup Race can be found: www.TheStartupRace.com



###

Attachments

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Protokoll fra Yara ekstraordinær generalforsamling7.7.2022 18:40:00 CEST | Pressemelding

Oslo, 7. juli 2022: Yara International ASAs ekstraordinære generalforsamling godkjente i dag den interne reorganiseringen i form av en fisjon og trekantfusjon med kapitalforhøyelse i selskapet i tråd med forslagene i innkallingen til den ekstraordinære generalforsamlingen. Den interne reorganiseringen er et ledd i forberedelsen til en mulig børsnotering av Yara Clean Ammonia. Fullstendig protokoll fra den ekstraordinære generalforsamlingen er tilgjengelig på Yaras hjemmeside: Reports and presentations | Yara International Kontakt Silje Nygaard Investorkontakt Mobil: +47 957 04 843 E-post: silje.nygaard@yara.com Om Yara Yaras misjon er å sørge for mat til verdens befolkning og å verne om jordkloden. Basert på vår visjon om en verden uten sult og en vel ivaretatt planet har vi utviklet en strategi som fremmer langsiktig verdivekst, bærekraftig plantenæring og nullutslippsløsninger for produksjon av gjødsel og energi. Yaras ambisjon er å utvikle fremtidens klimapositive matkjede, en kjede

Minutes from the Yara Extraordinary General Meeting7.7.2022 18:40:00 CEST | Press release

Oslo, 7 July 2022: The extraordinary general meeting of Yara International ASA today approved the internal reorganization by way of a demerger and triangular merger and share capital increase in the company in line with the proposals in the Extraordinary General Meeting Notice. The purpose of the internal reorganisation is to prepare for the contemplated IPO of Yara Clean Ammonia. The full minutes of the Extraordinary General Meeting are available on Yara's website: Reports and presentations | Yara International Contact: Silje Nygaard Investor Relations Mobile: +47 957 04 843 E-mail: silje.nygaard@yara.com About Yara Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a nature positive food future that creates value for our custo

Eurocastle to Release First Quarter 2022 Interim Management Statement and the Results of the Strategic Review on 8 July 20227.7.2022 18:30:00 CEST | Press release

EUROCASTLE INVESTMENT LIMITED Contact: Oak Fund Services (Guernsey) Limited Company Administrator Attn: Tracy Lewis Tel: +44 1481 723450 Eurocastle to Release First Quarter 2022Interim Management Statementand the Results of the Strategic Review on 8 July 2022 Guernsey, 7 July 2022 – Eurocastle Investment Limited (“Eurocastle” or the “Company”) today announces that it will release its interim management statement for the quarter ended 31 March 2022 and the results of the strategic review tomorrow, Friday, 8 July 2022 before the market opens. ABOUT EUROCASTLE Eurocastle Investment Limited (“Eurocastle” or the “Company”) is a publicly traded closed-ended investment company, focused on Italian performing and non-performing loans, Italian loan servicing platforms and other real estate related assets in Italy. On 18 November 2019, the Company announced a plan to realise the majority of its assets with the aim of accelerating the return of value to shareholders. The Company will not currently

Monthly information related to total number of voting rights and shares composing the share capital _June 30, 2022.7.7.2022 18:00:00 CEST | Press release

Monthly information related to total number of voting rights and shares composing the share capital _June 30, 2022. Article 223-16 of general regulation of French Autorité des Marchés Financiers Lyon – France Listing markets: Euronext Paris from Euronext (Market segment C - ISIN Code: FR0011471135- Symbol: ERYP) & Nasdaq Global Select Market in the United-States (Symbol : ERYP) Website : www.erytech.com DateTotal of shares composing the share capitalTotal of brut(1) voting rights Total of net (2) voting rights December 31, 202131 018 55332 518 33932 515 839January 31, 202231 018 55332 518 33932 515 839February 28, 202231 018 55332 518 54732 516 047March 31, 202231 018 55332 518 54732 516 047April 30, 202231 018 55332 518 54732 516 047May 31, 202231 018 55332 518 54732 516 047June 30, 202231 018 55332 520 10732 517 607 (1) Gross voting rights number (or « theoretical » voting rights) is used as a basis for calculating the crossing of the threshold. In accordance with article 223-11 of g

KBC Group: KBC completes acquisition of Raiffeisen Bank International's Bulgarian operations7.7.2022 17:45:00 CEST | Press release

Press Release Outside trading hours – Regulated information* Brussels, Sofia, 7 July 2022 (5.45 p.m. CEST) KBC completes acquisition of Raiffeisen Bank International's Bulgarian operations Today, KBC Bank and Raiffeisen Bank International (‘RBI’) completed the deal announced on 15 November 2021 concerning the acquisition of 100% of the shares of Raiffeisenbank (Bulgaria) EAD, which is responsible for the banking operations of RBI in Bulgaria. The transaction also includes Raiffeisenbank Bulgaria’s fully owned subsidiaries Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management (Bulgaria), Raiffeisen Insurance Broker and Raiffeisen Service. The acquisition, worth a total of 1 009 million euros paid in cash, reflects the quality of the Raiffeisen franchise in Bulgaria and the potential for synergy. The transaction will have a capital impact of around -1 pp on KBC Group’s CET1 in 3Q2022. Raiffeisenbank (Bulgaria) has systematically developed its banking activities since entering the mark