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Tech For A Better World: Global Extreme Tech Challenge Announced at VivaTech

May 30, 2019

 

 

Entrepreneurs compete for $10M in investment and prize money to make a global impact.

 

PARIS, France – May 16, 2019 – The Extreme Tech Challenge (XTC), a leading global startup
competition, announced a new challenge to bring new technologies and innovations aiming to
solve the world's most extreme problems at Viva Technology in Paris, France. The XTC®
competition, with support from ARM, Cadence, Cisco, Samsung Electronics, Silicon Valley Bank,
University of California, and Zoom, will enable entrepreneurs to develop solutions that can have
a meaningful impact on our world, network with other startups and investors, while competing
for up to $10,000,000 in investments and awards.

 

The XTC competition seeks out the most pioneering entrepreneurs, startups, and industry-
leaders to harness the power of technology to make a positive impact on the planet and our

global community. Inspired by the 17 United Nations Sustainable Development Goals—including
those related to health, education, diversity, poverty, infrastructure, clean water and climate
action— the XTC competition aims to create a better, more sustainable future for mankind
through the development of impactful technologies.


"XTC is a concerted effort by industry-leaders and entrepreneurs to make real progress in
solving the world's major challenges," said Young Sohn, President and Chief Strategy Officer,
Samsung Electronics. "Technology can be invented and used to unlock breakthrough innovations
in the service of society, and all of us at Samsung are eager to help make their ideas a reality.”
The XTC competition is open to global submissions for a product or service based on a new or
existing technology or an innovative application aimed at the United Nation Sustainable
Development Goals. Startups of any size or funding may apply to the XTC competition.


“Some entrepreneurs want to make their mark on the world—others want to change it,” said XTC
co-founder and longtime Silicon Valley entrepreneur and investor, Bill Tai. “XTC has fostered
some of the most innovative founders and startups over the past five years, and for 2020, XTC
has a renewed focus on tackling the most urgent challenges facing our planet.”


"At Arm, we believe in the power technology has to make a positive and long-lasting impact on
the people and areas in most need," said Simon Segars, CEO, Arm. "Working with Samsung to
focus XTC on the Global Goals as part of our 2030Vision initiative is a significant step towards
harnessing innovation to overcome some of the major challenges our global society faces."

 

“Technology is transformative—it has the power to shape our world for the better,” said Maurice
Levy, founder of Vivatech. “XTC and Viva Technology are celebrations of the innovations and
innovators who are creating a better, safer, more prosperous future for all.”


In addition to their product or service, startups participating in the XTC competition will be
required to submit a 5-minute video that describes their technology, and the positive impact it
will make towards achieving one or several of the UN’s Sustainable Development Goals. Early
submissions are encouraged to be eligible for partner services and a chance to receive
invitations to regional VIP events.


The Top 10 Global Finalists will be announced in April 2020, with the three overall winners
announced at VivaTech in Paris, France in May 2020. The top three finalists will be awarded a
simple agreement for future equity (SAFE) note, with the first-place winner receiving
$1,000,000, the second-place winner receiving $250,000, and the third-place winner receiving
$100,000.


The XTC 2020 international submission platform is now available through the XTC website. See
the Official Rules on the extremetechchallenge.org website for all of the XTC competition
requirements.


About Extreme Tech Challenge
Extreme Tech Challenge is a nonprofit public benefit corporation whose mission is to promote
education and science by nurturing the global entrepreneurial ecosystem through supporting
technologies to address the world’s biggest problems. The Extreme Tech ChallengeTM
competition brings together startups, businesses, non-governmental organizations (NGOs), and
world leaders to bring solutions that address the challenges facing humanity and our planet.

 

 

 

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