Competition Rules

Competition Rules 2019-03-16T18:58:45+00:00

1. For Students, Staff and Graduates

All teams must have at least one member who is a student, faculty member, or recent graduate (within the last calendar year) from one of the Romanian universities, at the time of submission.

Full-time foreign students and diploma students are also welcome to apply as long as they otherwise comply with the rules.

2. It must be your own idea

Participants should possess the intellectual rights to their idea and it must not be considered “stolen”.

If your university owns the patent or the research your idea is based on, you need to explain in your plan how you will handle this situation. For instance, has the university agreed to let you exploit their patent in this way? Are they willing to sell you the patent?

3. Residency in Romania

All teams must have at least one person who is a permanent resident of Romania. This includes residents on temporary student visas.

4. Can I participate again ?

You are allowed to participate in the same competition a following year, IF you have developed your business considerably since you last participated.

5. Can I participate with more than one idea ?

You can submit more than one idea during a single competition. Submitting more than one idea can help you choose which one to move forward with, as each submitted idea will receive feedback from several highly qualified people. However, you cannot submit the same idea in more than one category.

6. Language

The business plan should be written in English. This will make it easier to get advice and assistance from international experts, business people, and investors. If you make it to a Venture Cup competition final, you will have to pitch in English since we have an international jury panel.

7. All participants must provide…

… information on their development during and after the competition when requested by Venture Cup. Examples of this include submitting surveys, testimonials, interviews and being part of our alumni network.

8. When chosen as a finalist…

… at least one team member must attend pitch camps and the finals.

9. Venture Cup decides when in doubt

In case of doubt, the Venture Cup Romania management team makes the final decision in regards to any of the above rules.

10. Terms and Conditions

Any personal data relating to you gathered by Venture Cup Romania in the registration process and during the competitions will be recorded internally, but not shared with any third parties.