You’ve taken the first step toward realizing the potential rewards of turning your ideas into real products and healthy businesses. The WayFounder Fall 2014 Competition runs from 12:01 am ET October 15, 2014, through 11:59 pm ET on December 31,2014.
WayFounder will choose at least one winner for this competition and potentially seven winners, one per category. Winners receive a $10,000 cash prize. WayFounder commits a minimum of $50,000 to bring that product to market, at which point the winner receives a 5% royalty on all sales of that product. If the product is successful, WayFounder will invest another $250,000 to hire an experienced CEO to grow that single product into a viable and sustainable business, and the winner will receive 5% founder equity in a new company.
There are seven categories for the current competition. You can enter up to one (1) idea in each, for a total of seven (7) idea submissions. We are seeking ideas for physical consumer products and mobile apps in the categories noted above for our Fall Competition.