Santander X Global Challenge | Transforming the Digital Economy

All applications must be;

• Innovative: the solution includes a feasible and credible new technology, new technology application, new business model, or a new process. The maturity of the technology is referenced along with any patents or IP strategy associated with the solution.
• Technology based: focused on the development and/or manufacturing that uses leading edge scientific or technological knowledge systematically to produce new goods or services to the market.

Startups

1. Must be legally incorporated in one of the following countries: Argentina, Brazil, Chile, Germany, Mexico, Poland, Portugal, Spain, Uruguay, USA, and the UK.
2. Meet at least one of the following criteria:

• Currently marketing a product/service that does not exceed annual sales revenue of $300k.
• Have raised capital between $100k and $1m.
• Have between 2 and 25 full time employees.

Scaleups

1. Must be legally incorporated for at least 2 years in one of the following countries: Argentina, Brazil, Chile, Germany, Mexico, Poland, Portugal, Spain, Uruguay, USA, and the UK.
2. Meet at least one of the following criteria:

• Currently marketing a product/service with over $300k annual sales.
• Have raised over $1m.
• Have over 25 full time employees.

Exceptions:

• If the company meets the scaleup criteria, but has less than two years since their legal incorporation then it will be considered a startup.
• If the company has already won a previous Santander X Global Challenge (on the same category they are applying for), they won't be considered eligible.
• If the company is legally incorporated in any other countries but has a strong and demonstrable business presence in one of the challenge countries, it will be considered eligible