eBay StartUp Cup Challenge Launches the Second Year of Its Business Building Acceleration Program in Washington, DC

eBay continues to empower underserved populations around the world to design, test, and build innovative businesses

The eBay StartUp Cup Challenge – a business competition powered by GriffinWorx that supports early-stage entrepreneurs – has announced that the DC eBay StartUp Cup will be accepting business model applications into the Challenge through July 14. Up to 100 businesses will be invited to the kickoff Extreme Build-A-Business Weekend event on July 28th & 29th. Over 50 entrepreneurs, consultants, executives and thought leaders will be coaching and mentoring participating businesses as they identify the Top 25 most promising teams to advance into the 5-month acceleration program.

Businesses competing in the DC eBay City StartUp Cup will gain access to business leaders, angel and seed investors during tailored coaching sessions, networking events and the final award celebration where winners will receive $10,000 for first place, $5,000 for second place and $2,500 for third place.

“We are dedicated to empowering anyone, from any background or education level to design, test and build a business,” said Amy Millington, president of eBay Foundation. “The passion and dedication from business builders experienced during last year’s DC eBay StartUp Cup have inspired us to take our effort to the next level in 2018.”

Last year, Brandon Best, founder of PT CHAT and DC eBay StartUp Cup First Place Winner 2017, brought home $10,000.

“The StartUp Cup Challenge provided us with the practice, networks, mentoring and competitive edge necessary to meet and exceed the goals we set for ourselves.  We learned the art of pitching, active listening, and concise storytelling from a group of seasoned professionals who wanted to see us succeed.  The StartUp Cup Challenge is a powerful first step towards establishing a foundation that will lead to great things!”– Brandon Best

Business Builders looking to launch a new startup or take an existing business to the next level are encouraged to submit their business models at ebay2018.startupcup.com . Competing businesses will receive additional support including tailored coaching, mentoring and visually driven business building tools. The DC eBay StartUp Cup is open to anyone with an idea and up to up to one year in operation.

The eBay StartUp Cup Challenge, powered by GriffinWorx and sponsored by eBay Foundation, is taking place in Berlin, Israel, New York City, India and Washington DC in 2018. GriffinWorx, one of the largest business building organizations in the world has powered hundreds of business acceleration programs in over 60 countries, focusing primarily on underserved areas and populations. GriffinWorx and the eBay Foundation share a common goal to close the opportunity gap for aspiring business builders by building the capacity of entrepreneurial support systems to work across diverse populations. The eBay StartUp Cup 2018 challenge is also supported by local partners including City of Washington, D.C., Wework, enpact, LIU, Peres Center for Peace and Innovation, and TiE Mumbai.