Comet Competition Offers $5 Million in Go-To-Market Funding to B2B Founders

By startupbeatadmin October 31, 2019

The window is closing on “the world’s largest startup competition.”

Ingram Micro Cloud is giving B2B startups around the world a unique opportunity to accelerate their business. Comet Competition, which takes place across 16 countries and five continents, will dole out more than $5 million throughout the event, which culminates on May 12 – 14 in Miami, FL.

In each of the 16 locations, a finalist will be awarded $100,000 and the chance to advance to Miami for a chance at $1 million.

But for organizers and past participants alike, the cash is just part of the equation when it comes to the opportunity offered by Comet Competition. The real value comes in customer acquisition costs. Arun Buduri, president of Pixm, which won last year’s event, says that after Comet Competition, Pixm’s expenses for bringing in new customers came down to “nearly zero.”

“Comet [Competition] was like nuclear fuel for our business,” he said.

The visibility and the resources that come with being a part of a global network like Ingram Micro Cloud can make an incalculable difference for B2B startups trying to get their world-changing concepts off the ground.

Along with Ingram Micro Cloud, Microsoft for Startups is a sponsor of Comet Competition this year. “Teaming with Microsoft affords us amazing scale and resources” said Nimesh Davé, executive vice president at Ingram Micro Cloud. “In turn, we are extending these benefits to our Comet Competition applicants, giving these startups the opportunity to share their ideas with a global audience.”

B2B startups with less than $10 million in annual revenue and specializing in cybersecurity, IoT, fintech, infrastructure management, and more are especially encouraged to apply. The deadline is October.

Follow this link for more information about Comet Competition.