Open Education Challenge

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Please, allow me to claim rights over Open Education Challenge.

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[your name]
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https://www.startus.cc/company/open-education-challenge

c/Muntaner, 262

08021 Barcelona Barcelona

Spain

Website

https://www.facebook.com/Open-Education-Challenge/

https://twitter.com/OpenEdChallenge

General information:

Open
Education Challenge provides expert mentoring and seed capital to
education innovators in Europe www.openeducationchallenge.eu

The Open Education Challenge, launched in partnership with the European Commission, is an invitation to all innovators to submit
projects, receive mentoring and seed funding through the European
Incubator for Innovation in Education, and get direct access to
investors from day one.

Company information:

Company type:

Accelerator

Industry:

Financial Services

FAQ:

Do I need a university degree or other qualifications to apply?

No. Everyone is welcome. We encourage applications from teachers, students, practitioners or anyone with a passion for education and entrepreneurship and an idea that may transform teaching, learning and training.

Can I apply to the Open Education Challenge if I have already created my company?

Yes. However, to enter the Incubator and get access to the Investment Club members, you must register your mother company in an EU country.

Do I have to comply with specific rules?

Yes. The application form must be submitted in English, and by applying to the Open Education Challenge, you accept its terms and conditions.

Can we apply if our team is not from the European Union?

Yes. We accept applications from all over the world and not only from the EU. All selected applicants will have to commit to participate full time in the incubation process that will take place in the EU. The startups have to be (or will have to be) registered in the European Union.

Will my intellectual property rights be protected?

All applications remain the property of the applicants. It is up to you to take the necessary measures if you feel that your idea requires specific protection. Please be aware that we will evaluate hundreds of submissions, many of which may include similar ideas. We will not sign any non-disclosure agreements during the submission process.

What is the purpose of the seed funding?

You will receive up to €20,000 upon joining the Incubator in return for small stakes in your company (6% on average). This seed funding will cover your costs during the Incubation period, including, for instance, the development of a prototype, testing costs, and travel and accommodation expenses.

What is the option I give to the investors?

It is the following: “If selected for Incubation, I will grant an option to the Open Education Investment Club members to acquire 20% of the startup’s capital at an agreed value depending on the stage of development, as described in the terms and conditions.”

Can I apply if I have received previous funding?

You may. In your application, please indicate the name of the funders and the sum awarded. You should also make sure that this is compatible with our terms and conditions.

What about if I’ve been through another accelerator or incubator?

You may still apply (see above). However, we would not recommend participating in two accelerators/incubators at the same time.

Should I submit a detailed business plan in Phase 1?

No. You just have to answer the four questions and submit a 30-second video. You can find out more about what we expect from applicants in our blog posts 8 tips for writing your application and 4 tips for making your video.

What is the role of the European Commission?

The Open Education Challenge is developed in partnership with the European Commission and under the patronage of Commissioner Androulla Vassiliou. It is part of Startup Europe. There is no financial contribution from the European Commission.

Where do I find further information?

Consult the terms and conditions on this site.

Open Education Challenge

Contact:

Address information