Winners from various regions are entered into the global finals. They fall into one of three categories: incubation, launch or scale. New York-based co-working giant WeWork Cos. organized the highly successful event in Austin. The function was attended by many people and companies.
Attendees were treated to platters of taquitos and free keg beers. The venue was characterized by an attractive display of arts and crafts. But, the real spotlight fell on local innovators. The majority of attendees were probably unfamiliar with the Austin - startups honored at the WeWork Creator Awards. Yet, this year's crop of winners all have one thing in common – big ideas.
Here are the winners (Austin - startups) recognized for their outstanding ideas and entrepreneurship:
The incubation level is designed to recognize and fund innovative and viable projects. This category provides Austin - startups grants ranging between $36,000 and $72,000. The launch level is aimed at innovators seeking to present business ideas to the market. WeWork offers grants between $72,000 and $180,000.
The scale category is open to applicants looking to grow their business ideas and products. Winners are awarded grants ranging between $180,000 and $360,000.
The Creator Awards provide a funding solution for entrepreneurs, artists and nonprofits around the world. WeWork does not require an equity stake or repayment from Austin - startups or competition winners. WeWork CEO Adam Neumann told Bloomberg that the objective of this initiative is to give back. The organization boasts a valuation of about $20 billion and operates globally.
We're having an intimate affair at our office at 700 Lavaca tonight for startups and businesses in Austin looking to expand their G Suite use with rocking integrations and add-ons like Chrome devices and UCaaS solutions from RingCentral. Use code Creator for a free ticket at rockthegsuite.eventbrite.com and we'll see this afternoon!