Letzgro and Growthup Co-Organizing Local Stage of Iron Entrepreneur Contest

Letzgro, a web and mobile development company, and Growthup, Ukraine’s first and the best business incubator, have agreed to organize the regional tour of “Iron Entrepreneur” contest.
The tour will take place at the end of February 2013. The whole series of contests will be held in 10 cities overall in Ukraine and in around 100 cities in various countries of Eastern Europe.

About Iron Entrepreneur

Gameplay: Only one task will be given to participants – to develop a business idea based on dedicated innovative technology.

Objectives: To develop as many ideas and practical usage of technology as possible and to choose the best one which will be the perspective of different commercial viewpoints.

For Each Idea Participants Should


  1. develop a business model
  2. assess the amount of estimated market
  3. define the target audience and methods of promoting the new product
  4. prepare the presentation.

Only one hour will be allocated to finish all these stages!

Participating in the Contest

The only one criteria participants must comply is to be a student in the 3rd to 5th grades.
The educational profile doesn’t matter for us. Approximately ten teams will participate, with each of them ideally consisting of four to five participants.
The contest will start by announcing the technology, opportunity or special terms that are given from above and have to be utilized in developing the business model of the company. Teams will then have one hour to prepare the business model. Ideas will be pitched to a jury with three minutes each, with the same amount of time provided afterward for questions and answers.
After all the teams finish their presentations they will leave for 20 minutes and jury will choose the three winning teams.
Teams who will take the first and second places are to be invited to participate in the semifinals of the tournament in Kyiv during iForum 2013, the country’s biggest IT conference. The third place winner team will be given valuable prizes.
The jury committee represents IT and venture businesses.

Organizing the Event

The championship will be hosted by Letzgro and supported by regional universities and other IT companies. We are working on announcing the event among local entrepreneurial communities, universities and youth organizations.
Please contact maria.pidruchna@lezgro.com for more details and partnership in organizing this event.

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