Aurora Tech Award by inDrive

Grant Overview

Donor: inDrive

About: The Aurora Tech Award, established by inDrive, is an annual global prize designed for women founders or co-founders of tech startups. This award targets innovative startups addressing societal challenges, with a goal of supporting gender equality in the tech and venture capital landscape. The program offers cash prizes totaling $85,000 distributed among the top five winners, alongside mentorship, industry feedback, and media exposure to shortlisted participants. Winning or participating in the award provides access to networking, educational resources, and exposure, promoting the growth of women-led tech startups on an international scale. Eligibility requirements include having a working prototype, being under five years old, and staying within a $4 million funding limit.

Focus:
– Women in tech
– Social innovation
– Venture support
– Product development

Region: Worldwide

Eligibility:
– Female-founded or co-founded tech startups
– Functional product prototype
– Under five years old
– Funding capped at $4 million (including seed rounds)

Benefits:
1st Prize: $30,000
2nd Prize: $20,000
3rd Prize: $15,000
4th & 5th Prizes: $10,000 each
Mentorship, venture capital feedback, media exposure

Explanation of Terms:
– Prototype: A functional version of the product that demonstrates its core functionality, essential for early-stage tech startups to show viability.
– Seed Round: The initial funding phase aimed at supporting product development and early operations.
– Venture Capital Feedback: Expert guidance from investors helps startups refine pitches, business models, and product-market fit.