Who can participate?
Everyone has participation rights to Gulleggið. Individuals from all ages, from groups of individuals to working companies. Established businesses can participate as long as their maximum yearly turnover has not hit the 10 million ISK limit.
There is also a possibility to register without an idea, and get to join an existing team.
How much is the participation fee?
There is no participation fee.
However, for the workshops; Those who are not students of participating universities of Gulleggið or recent graduates (within 5 years) will have to pay 8000 ISK to be able to attend the workshops. The workshops are individually centered, not around the competing teams.
Participating universities are: University of Iceland, Reykjavík University, Bifröst University, and Iceland Academy of Arts.
Where do I register for the workshops?
After the 12th of September (the deadline) we will send out an email, to all participants, where you can register to a workshop.
Participants can chose from the workshops that are offered, they will be three in total. Participants are encouraged to attend the workshops because only there, they will get information and knowledge that will help when establishing a business and assistance on how to conduct a proper business plan.
How long can the explanation of a business concept be?
Before the 12th of September, you only need to send in a short description on one page about the business concept.
Few things that are good to have:
Summary of the business concept
Argument about the market, market advantage, and the novelty of the concept
A description of the team behind the business concept
NB: There will not be a special grade for the summary or the concepts that are submitted. Only those that will be submitted during Gulleggið.
Is my business concept safe in your hands?
All submitted business concepts of Gulleggið will be treated as confidential. All those who handle the business concepts of participants are to sign a confidentiality agreement and are forbidden to provide any information regarding the business plans to a third party, or take advantage of what is written in the business plans.
Do note that Gulleggið does not claim any ideas from the participants nor does Gulleggið acquire shares from any established company that goes through Gulleggið.
Language of the competition?
The competition language and language during workshops will be in Icelandic. Although it is permitted to submit the business concept in English.
For further questions and information, please contact email@example.com