Singularity X Sync Global Impact Challenge: Digital Wellbeing

Do you have a groundbreaking idea to address the global challenge of misinformation, cyberbullying and social disconnection?

The aim of the Singularity + Sync Digital Wellbeing Global Impact Challenge is to identify and support startups that have a moonshot of solving these issues. What solution do you propose to address the global challenge of social polarization?

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Singularity University and Aramco's Ithra Sync Partnership

We are excited about our partnership with Ithra Sync to host this Global Impact Challenge. Through this collaboration, Ithra Sync plays a crucial role in fostering innovation and entrepreneurship to tackle the urgent challenge of social polarization. Together, we inspire the next generation of future leaders as they strive to create solutions that can positively impact billions of lives.

OUR PARTNER

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Event Detail Section

What is a GIC?

Creating exponential
impact since 2010

Global Impact Challenges (GICs) are targeted, impact-based innovation competitions hosted by Singularity. Since 2010, we've partnered with organizations all over the world to create incentivized competitions that address specific challenges our world is facing. Some challenges are geographically focused, while others are topic focused. Occasionally, they’re both. Every challenge is different based on the goals of the partner, but they’re all designed to identify and uplift individuals and startups that are creating exponential impact in their area.

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$250K Prize

The winner of the Singularity + Sync Digital Wellbeing Global Impact Challenge will receive a cash prize of USD $250,000 along with a complimentary seat to attend the Singularity Executive Program. The cash prize will be disbursed in tranches, with the schedule to be determined at a later date. The Executive Program provides an immersive 5-day learning experience featuring collaborative workshops, group activities, and in-depth exploration of cutting-edge technologies. The program is designed to empower leaders to develop a fresh mindset and acquire tools to leverage exponential change for the benefit of themselves, their organizations, and society at large.

Challenge
rules + criteria

Applicant Criteria

Who should apply?

Open to Global Applicants: The challenge is open to applicants worldwide.
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English Fluency: Applicants must be fluent in both written and spoken English.
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Founder Status: Applicants should be founders of a fully established entity at any stage, including idea, working prototype, minimum viable product, pilot, or traction.Travel Requirement: Applicants must be able to travel to Silicon Valley for the pitch event.

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Program Attendance: Commitment to attending the entire Executive Program is mandatory if awarded the prize.

Assessment Criteria

How will projects be judged?

Projects will be reviewed by a panel of judges who will look at the following:

Relevance to the Challenge Theme: Solution's Alignment with the Challenge Theme.
Feasibility and Viability: Feasibility, Viability, and Overall Coherence of the Idea.
Market Validation: Startup market validation, business model, and traction.
Innovation and Novelty: Entrepreneurial and innovative potential, with an emphasis on novelty.
Leadership and Profile: Applicant's leadership experience, quality, profile, achievements, and potential.

Entry Criteria

What do you need to apply?

Completed Application Questions: Provide answers to all application questions in full.

CV/Resume: Submit a current CV or resume.
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Summary of Accomplishments: Provide a summary of your key accomplishments.
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Video URL: Share what inspires you about the world and how you plan to make it better.
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Pitch Deck: Upload a pitch deck describing your solution.

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Timeline +
important dates

Submit Your Idea

Requirements for
winning startups

Documentation + verification

Business Registration: Your startup must be legally registered and follow local laws. Provide proof of incorporation
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Tax Identification: Have a valid tax identification number and comply with tax laws.
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Financial Records: Prepare financial statements to show the company’s financial status.
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Founders’ Identification: Submit ID copies for all founders and key team members.
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Valid Bank Account: The prize money will only be deposited into the startup's official bank account, not into any individual's personal account.

Pitch deck submission

Business Plan: Provide a clear business plan that shows your mission, market analysis, financial projections, and growth strategy.
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Proof of Concept: Show a working prototype or evidence that your product or service is feasible.
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Use of Funds: Explain how you will use the prize money, such as for product development, marketing, or hiring.

Legal agreements

Prize Agreement: Sign a contract that outlines the terms and conditions for receiving the prize money.

Post-win commitments

Reporting Requirements: Send a progress report to Singularity at 6 months and 12 months after winning. Include (i) an expense breakdown with receipts showing how you used the prize money and (ii) a progress update with photos.
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Publicity and Media: Participate in promotional activities, interviews, or media coverage organized by Singularity
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Mentorship Sessions: Take part in any mentorship or advisory sessions included in the prize package.

Global Impact Challenge:
Digital Wellbeing

Do you have a groundbreaking idea to address the global challenge of misinformation, cyberbullying and social disconnection?

Singularity University and Aramco's Ithra Sync Partnership

Creating exponential
impact since 2010