1. The proposed venture must be of an independent and scalable seed-stage startup seeking to raise external capital, and must address the entire business concept, including implementation and financial projection. Ventures that have generated revenue or raised external capital (beyond family and friends) exceeding US$100k prior to the 2021 calendar year (January 1st, 2021) are NOT eligible. Proposals for buy-out, expansion or development of an existing business, tax-shelter opportunities, real estate syndications, subsidiaries, franchisees and other consulting projects or analyses are NOT eligible. A venture that does not conform to this rule above will be IMMEDIATELY DISQUALIFIED
2. Participants in both the Thailand and Global Competitions must attend in person to be considered part of the competition
3. The venture size, in terms of funding required from outside investors (including the current ask), must be at least US$500k. Methods of financing may be combined among bootstrapping, grants, angel/venture capital investments, and debt. A venture that does not conform to this rule above will have 10% deducted from the total presentation score in the relevant round
4. The proposed venture must NOT be one that has previously competed in the presentation rounds of the Bangkok Business Challenge before*
5. All currencies used throughout the competition must be in US Dollars only
6. In all cases, the judges’ decision is final

*This separates the Thailand and Global Competition, meaning a team that has previously competed in the Thailand Competition can apply for the Global Competition if they are still eligible.