In an era where artificial intelligence is revolutionizing how we turn concepts into
reality, we're seeking the next generation of innovators whose ideas could reshape
industries. This innovation challenge represents a unique opportunity for
entrepreneurs, students, and visionaries to bring their groundbreaking concepts to life
with comprehensive support and funding.
Challenge Overview
The AI-Powered Innovation Challenge is designed to identify, nurture, and accelerate
exceptional ideas that leverage artificial intelligence to solve real-world problems.
Whether you're an individual innovator or part of a dynamic team, this challenge
provides a platform to showcase your vision and compete for substantial prizes and support.
Funded Investors' Exposure Perks
Over 100 scholarships and funded opportunities are available for startups and attendees. These include incubation placements, fully funded and partially funded, as well as forum access in Baku, Azerbaijan.
● Open to All: Individual participants and teams welcome
● Team Size: mention team members' names.
● Submission Format: Online application with detailed project proposal
● Selection Process: AI-assisted evaluation followed by expert jury.
● Global Opportunity: Winners receive international investor exposure and
funding
Participation Requirements
● Eligibility: Open to anyone with
innovation in Technology
● Team Composition: Individual participants or
team members.
● Submission Method: Online application through
official platform
● Required Elements: Pitch Deck, team information
● Focused Area: AI driven proof of ideas, proof
of solutions and technological
innovation, problem-solving
solutions
1- Executive Summary (500 Word Maximum): ● Clear problem statement and proposed solution
● Value proposition and target market identification 2- Technical Specification (1000 words maximum) ● Upload a pitch deck file with the following.
● Development timeline and key milestones 3- Business Model (750 words maximum)
● Revenue streams and monetization strategy
● Competitive analysis and market positioning 4- Team Profile (for teams)
● Individual member backgrounds and roles ● Relevant experience and skill contributions
Baku, Azerbaijan trip covered in full, along with curated networking events with
investors
● Judging Selection Process: AI-assisted evaluation followed by expert jury review. Global Opportunity: Winners will receive international investor exposure and funding.
Results will be evaluated separately for each country through a two-stage process:
AI-assisted evaluation followed by expert jury review, based on innovation, execution,
and relevance.
● Highlights of the perks Fully Funded: Traveling expenses to get an investors' exposure in Baku. Incubation placement: Access to mentorship, facilities, and resources to accelerate your idea into a viable business. Partial funded: traveling expenses to get an investors' exposure in Baku
( without airline ticket) Forum entry: including networking, training, certification, media visibility, and lifetime Illumini connections, with consideration for upcoming summits.
This comprehensive package is designed to support and accelerate the growth of
innovative ideas.
● Outcome National/ International Winners will experience funded investors' exposure to Baku National/ International Winners will receive funded incubation placement Illumini Group: All national and international candidates will be invited to join the Illumini group,
unlocking future opportunities to connect with prominent investors and industry leaders
Why Participate?
For Individuals
● Transform your innovative ideas into actionable business plans
● Gain access to expert mentorship and technical resources
Build valuable professional networks in the Tech and innovation space
● Develop presentation and pitching skills through the competition process.
For Teams
● Collaborate with like-minded innovators and complement diverse skill sets
● Test team dynamics under competitive pressure
● Share resources and knowledge for enhanced project development
● Increase chances of success through collective expertise For Everyone
● Experience international exposure and cultural exchange
● Learn from industry experts and successful entrepreneurs
● Access potential funding and investment opportunities
● Contribute to the advancement of Technical solutions