Deadline: 1 March 2024
Snowflake working with the New York Stock Exchange (NYSE) is seeking applications for a contest for early-stage startups that are building innovative applications and products powered by Snowflake’s Data Cloud.
The Snowflake Startup Challenge is a global competition for developers and early stage startups to build innovative data applications that serve an unmet market need using Snowflake as a key part of their infrastructure. Startups compete for the opportunity to receive marketing exposure, exposure to sponsoring venture capitalists, and the potential to receive funding from Snowflake.
Prize Information
- Grand Prize
- Up to $500,000 potential investment
- Additional marketing opportunities from Snowflake and NYSE (Plus finalist prizes)
- 3 Finalist
- Up to $250,000 potential investment in each of the two finalists
- Feature on select marketing channels
- Present at Snowflake Summit and 2 Summit passes
- Receive dedicated mentorship from an industry leader at a company listed on the NYSE
- Ring the NYSE bell (Plus semi-finalist prize)
- 10 Semi-Finalist
- Blog featuring your application and team
What they’re Looking For?
- Business Potential
- What is the market opportunity? Does it address an unmet need? How does it complement Snowflake?
- Innovation
- How unique is your application? What is your competitive advantage?
- Snowflake Leverage
- How does the startup leverage Snowflake? Does it leverage a broad set of Snowflake features?
- The Team
- Does your leadership team have the experience required and ability to execute?
What’s Required?
- Build an application that is dependent on Snowflake as a core part of its architecture
- Submit a demo video (up to five minutes) and a description of your application before the deadline
- Semifinalists will be required to submit an investor-pitch video recording (up to five minutes) and provide access to their application
- Be an entity with less than $5 million in cash funding and that has not received any cash funding through the sale of equity securities, including through a Series A or other priced round of funding
Eligibility Criteria
- Eligible Startup: The Contest is only open to valid entities (each, a Startup”) that: (a) if in the United States, are C corporations or LLCs, and if outside the United States, are equivalent entities in the jurisdictions that the Startups were formed and/or incorporated; and (b) are in good standing and in compliance with all applicable laws, regulations, rules, and ordinances (collectively “Laws”) in each jurisdiction in which they were formed and/or incorporated, and are operating and are permitted by the Laws of each such jurisdiction to enter and compete in this Contest. In addition, to be eligible to enter the Contest, the Startup must, as of the entry date and through the date the Winner is announced: (i) have raised no more than $5 million USD in cash funding; (ii) have not received any cash funding through the sale of equity securities of the Startup, including through a Series A or other priced round of funding; (iii) have not received any valuation as a result of an equity financing;
Ineligibility Criteria
- Ineligible Persons and Entities. The following persons and entities are not eligible to enter the Contest:
- individuals and sole proprietorships;
- entities organized or governed under the laws of: (i) Quebec or Brazil; and (ii) Cuba, Iran, North Korea, Sudan or Syria, or any country or territory that may, from time to time, become subject to U.S. export controls or designated as a country that is subject to a general prohibition on U.S. persons engaging in financial and/or export transactions, or entities on any restricted or prohibited party list maintained by the U.S. Departments of Commerce, State and the Treasury;
- system integrators and professional services firms (collectively, “Managed Service Providers”), including subsidiaries of Managed Service Providers;
- employees of Snowflake, or of any Company involved in the development, administration, or judging of the Contest; and each of their respective directors, officers, affiliates, subsidiaries, advertising and promotion agencies, suppliers, representatives, agents, immediate family members and/or those living in the same household of each;
- entities that are managed or majority owned by individuals who: (i) are currently employed by Snowflake, or were employed as of October 3, 2023, or any of Snowflake’s direct or indirect wholly or majority owned subsidiary or affiliate companies, or any entity that may be acquired by Snowflake during the contest period; (ii) are immediate family (spouse, parents, siblings, or children) or household members of any of the employees or former employees listed in Section 3.2(e)(i); (iii) are a Contest Judge (defined in Section 9 below) or immediate family (spouse, parents, siblings, or children) or household members of a Contest Judge; (iv) are current employees of an entity in which Sponsor has invested and holds an ownership interest; (v) are professionally involved in the development or administration of the Contest; (vi) are on any restricted or prohibited party list maintained by the U.S. Departments of Commerce, State and the Treasury; or (viii) are residents of, or domiciled in:
- Quebec or Brazil;
- any country, state, province or territory where the laws of the United States or local law prohibits participating in a contest or receiving a prize in the Contest or a country where a prize cannot be awarded;
- Cuba, Iran, North Korea, Sudan, and Syria; or
- any country or territory that may, from time to time, become subject to U.S. export controls or designated as a country that is subject to a general prohibition on U.S. persons engaging in financial and/or export transactions.
For more information, visit Snowflake.