The San Antonio Mx Challenge will help to turn San Antonio into a world-class tech ecosystem by awarding $500,000 to the individual, team or organization that creates and implements a repeatable model for assisting Mexican tech companies to open active offices in San Antonio.
The Challenge is open to Individuals and Teams globally, however the impact must be focused between Mexico and San Antonio. Individuals and Teams wishing to participate in the Challenge must complete Registration.
Teams will be judged and scored in two key areas:
Market Validation = 40% of total score
Sustainability = 60% of total score
At the end of Year 1, Teams are required to submit information on their progress to date, as detailed in the Challenge Guidelines. Year 1 will be scored from March 1, 2014 to February 28, 2015 and submissions are due on March 16, 2015. Team scores will be tabulated and posted on the Challenge Leaderboard by April 1, 2015.
Teams will be required to submit final reporting and data for the entire Challenge at the end of Year 2 (March 15, 2016). Judging will happen only once, at the end of Year 2.
Market validation demonstrates a Team’s ability to attract Mexican tech companies to open active offices in San Antonio.
Teams should build a portfolio of Mexican tech companies they are attracting to open active offices in San Antonio. The Mexican tech companies can be at varied stages of development:
Business plan, only
Funded, at a minimum of $25,000
Generating revenue, at minimum of $25,000 (over 1 year)
Generating revenue, at minimum of $250,000 (over 1 year)
At the end of Year 2, each company in a Team’s portfolio will receive Market Validation points based on a scoring table. The points will be tallied and the Team with the highest number of points will receive a perfect score of 100. The score for each subsequent Team will be calculated on a curve based on the number of points achieved. For more details on the scoring table and Market Validation requirements, see the Challenge Guidelines.
Market Validation accounts for 40% of the Total Team Score.
Sustainability demonstrates a Team’s ability to repeat, update, and improve their model to attract new companies to San Antonio. It also demonstrates a Team’s ability to encourage these companies to stay in San Antonio and grow their operations.
The winning Team will score the highest on a points-based system that measures:
total number of Mexican tech companies that they attract,
total combined revenue of those companies each year over two years,
sustainability of those companies, and
sustainability of their model.
At the end of Year 2, each Team’s portfolio will receive Sustainability points based on a scoring table. The points will be tallied and the Team with the highest number of points will receive a perfect score of 100. The score for each subsequent Team will be calculated on a curve based on the number of points achieved. For more details on the scoring table and the Sustainability reporting requirements, see the Challenge Guidelines.
Sustainability accounts for 60% of the Total Team Score.
The Team with the highest Total Team Score will be the winner of the San Antonio Mx Challenge.
Individuals and Teams are responsible for their own operating costs during the Challenge. You are responsible for compiling all data and information required for submission at the end of Year 1 and at the end of the Challenge. Individuals and teams are responsible for obtaining any required visas and for paying any travel expenses to the San Antonio Mx Summit.
San Antonio Mx Summit and Judging Panel
The San Antonio Mx and Judging Panel will be held in San Antonio, Texas. Individuals and Teams must adhere to all laws and regulations regarding travel to San Antonio.
Five highly qualified individuals will be selected to serve on the Judging Panel. The Judging Panel holds responsibility for evaluating all Individuals and Teams against the winning criteria and the guidelines and rules for the Challenge. They will have the sole and absolute discretion in selecting the Challenge winner. Decisions are final, binding, and will not be subject to change.
Challenge Guidelines are subject to change. Registered competitors will receive notification when changes are made, however, we highly encourage you to visit this page often to review updates.
Download Challenge Guidelines