Having raised external capital does not preclude an alum or corps member from applying to the Award. In fact, many previous Award winners had raised external capital before applying for the Award. Please note: One of our criteria is that the venture has not raised and/or earned more than $500,000 in collective revenue.
One of our evaluative criteria is the transformative impact of our Award. We are committed to ensuring that our Award is necessary for the winning idea or venture's success—not just a welcome bonus. Please ensure you clearly articulate how the award will be transformative for the impact of your venture (i.e. winning the financial award will be a critical lever to success and increased impact).