One thing the Aussies liked, and we do too, is that the PitchIt prize does not require commercial winners give up any equity. But we do ask for something back from the winners – they’ve got to “pay it forward” by sharing what they learn with founders who follow in their footsteps. We think that’s a fair bargain with real value on both sides.
We’re working on plans for the next PitchIt Challenge. For news and announcements on submission deadlines, join our email list, follow along on Twitter or Like us on Facebook.