Nowadays, every self-respecting conference organizer seems to add a startup competition to their program. Just look around and see for yourself, they’re everywhere. And it seems like these competitions never lack participants, be it fresh aspiring startups or seasoned teams that have raised Series B rounds.
The winner takes it all — but what exactly does a winner of a startup competition take? We asked 7 teams about the results they got after winning a startup competition in 2012, what happened afterwards, and what a startup should keep in mind when entering a contest.