BRASIL
COLOMBIA
LATAM
1.1 The 100 Open Startups Ranking is an annual publication, used by large institutions and leading investors as a reference to monitor the most attractive startups and scaleups for the corporate market, in addition to highlighting the corporations, ecosystem agents, investors and executives that have most contributed to startups.
1.2 The publication is carried out by 100 Open Startups, according to the update of the data registered in its platform and referring to the period defined in this regulation.
1.3 Startups, scaleups, corporations (medium and large companies), ecosystem agents and investors registered in the 100 Open Startups platform, as well as executives registered in the 100-10-1 Startups Program, may be included in the 100 Open Startups Ranking, as long as and when they meet the eligibility criteria of this regulation.
1.4 Being a startup, scaleup, corporation, ecosystem agent, investor or executive featured in the 100 Open Startups Ranking is recognition and a differential in the innovation ecosystem, which provides greater visibility and can enhance business opportunities. The Ranking does not necessarily imply the right to prizes of any kind from 100 Open Startups.
1.5 The startups, scaleups and corporations that register their contracts on the platform to participate in the Ranking 100 Open Startups 2023, agree, from now on, with this Regulation, as well as the agents of the ecosystem and investors that register their relationships.
2.1 Startups, scaleups, corporations, ecosystem agents and investors may participate in the Ranking, in accordance with the criteria described below.
2.1.1 Startups that meet the following criteria:
i. Be a registered startup in 100 Open Startups, in accordance with the program regulations.
ii. Have closed contracts with corporations, which were active at some point during the period from July/2022 to June/2023.
iii. Not controlled by a corporation (company with more than 100 employees or US$ 20 million in annual revenue), but by an entrepreneur in charge of the business.
iv. Fill out the data form for candidate startups.
v. Register and/or validate relationship data with corporations.
vi. For the TOP 100 Open Startups, TOP Categories and Special Categories awards, the startup must not have annual revenues greater than US$2.5 million (two and a half million dollars) in 2022, nor have received an investment greater than US$2.5 million (two and a half million dollars) until 12/31/2022.
2.1.2 Scaleups that meet the following criteria:
i. Be a scaleup registered in 100 Open Startups, in accordance with the program regulations.
iii. Fill out the data form for candidate startups
iv. Register and/or validate relationship data with corporations.
v. For the TOP Open Scaleups award, the scaleup must have:
a) Annual revenues of more than US$ 2.5 million (two and a half million dollars) in 2022 or investment of more than US$ 2.5 million (two and a half million dollars) as of 12/31/2022 or controlled by a company anonymous (company with more than 100 employees or $20 million in annual revenue); and
b) Annual revenues of less than US$ 20 million (twenty million dollars) in 2022.
2.1.3 Public limited companies that meet the following criteria:
i. Have more than 100 employees or have annual revenues greater than US$20 million (twenty million dollars) in fiscal year 2022.
ii. Have closed contracts with startups, which were active at some point during the period from July/2022 to June/2023.
iii. Register and/or validate relationship data with startups.
2.1.4 Venture capital managers that meet the following criteria:
i. Have invested, on any date, until June 2023, in startups eligible for the Ranking.
ii. Investment data registered and/or validated in startups.
2.1.5 Investors who meet the following criteria:
2.1.6 Agents of the ecosystem that meet the following criteria:
i. To have supported, on any date, until June 2023, startups or corporations eligible for the Ranking.
ii. Relationship data registered and/or validated with startups or corporations.
2.1.7 Executives who meet the following criteria:
i. Have an active enrollment in the 100-10-1 Startups Program in the year 2023.
ii. Have successfully completed at least two steps of the program.
iii. Accept that your name stands out in the TOP Engagement 100-10-1 category of the Ranking 100 Open Startups.
2.2 For contract qualification and/or eligibility purposes, the suggested rate for converting contract and/or billing amounts from reais to US dollars is from R$5.00 to US$1.00. If the currency price at the time of contracting/investment/invoicing is different from that suggested, the participant may choose the most favorable price.
3.1.1 The 100 Open Startups Ranking score is calculated from the relationships registered on the 100 Open Startups platform.
3.1.2 For the computation of points in the Ranking, 15 (fifteen) types of relationship are considered, divided into 4 (four) large groups, with a score equivalent to 1 (one), 5 (five) or 10 (ten) points, as detailed below:
i. Group A (Positioning) – 1 (one) point: 1. Training and mentoring; 2. Recognitions & awards; 3. Coworking spaces, 4. Service and technology vouchers.
ii. Group B (Platform and Associations) – 5 (five) points: 5. Intellectual property licenses for large companies; 6. Access to non-financial resources; 7. Access to the employee base; 8. Access to the customer base and sales channels; 9. Acceleration program.
iii. Group C (Development of suppliers) – 10 (ten) points: 10. Resources for R&D and prototyping; 11. Intellectual Property Startup Licenses; 12. Contracting of pilot projects; 13. Provide innovative products or services.
iv. Group D (Investment) – 20 (twenty) points: 14. Investment with minority participation above U$ 200,000; 15. Acquisition & Incorporation of value above U$ 200,000.
3.1.2.1 "Matchmaking and connections" contracts and non-formalized contracts will not be worth points for the 2023 Ranking.
3.1.3 If desired, the startup or corporation can report the value range of the contracts to earn extra points. Contracts with a start-up monetary value of more than US$200 thousand (two hundred thousand dollars) are worth 20 (twenty) points, regardless of category.
3.1.4 The startup may score more than one contract per corporation with which it has a relationship, provided that: a) the sum of points does not exceed 20 points per corporation; b) contracts of the same type do not add more points than the equivalent of 1 (one) contract of the immediately superior group.
3.1.5 The company may score more than one contract per startup with which it has a relationship, provided that: a) the sum of points does not exceed 20 points per startup; b) contracts of the same type do not add more points than the equivalent of 1 (one) contract of the immediately superior group.
3.1.6 100 Open Startups may, at any time, in case of doubt about the framework of the contract, request more information and/or proof of the relationship by other means. The lack of information will lead to the disqualification of the contract.
3.2.1 The score is calculated based on the information provided through the 100 Open Startups platform.
3.2.2 Users (startups, corporations, ecosystem agents and investors) are responsible for informing when a relationship is established and the type of relationship.
3.3.1 All the data used in the Ranking 100 Open Startups comes from information registered by startups, corporate executives, ecosystem agents or investors.
3.3.2 When information eligible for Ranking points is added to the digital platform, the indicated contact point will receive a link in their registered email to validate the information declared by the other party.
3.3.3 The validation process obeys the following rules:
i. For startups to score in the Ranking, the contract information provided by the startup must be validated by a point of contact within the corporation.
ii. For corporations to score in the Ranking, the contract information provided by the corporation must be validated by a point of contact at the startup.
iii. For ecosystem agent scoring, stated relationships need to be validated by startups or corporations.
iv. For investor scoring, declared investments must be validated by the startups that received the investment.
v. All the information provided is audited by the 100 Open Startups team. The audit process consists of verifying whether the information provided conforms to the definitions used in the Ranking methodology.
vi. Corporate contributors are validated by a verified corporate email domain, according to the 100 Open Startups program's database of large corporations. New corporations added to the database are reviewed and approved by the 100 Open Startups team.
vii. The subsidiaries that use the same email domains as the parent company are considered, for the purposes of the Ranking, as a single company. Subsidiaries using different email addresses may also be considered as one company for the purposes of the Ranking, provided we receive a formal written request from the company or decided by the 100 Open Startups audit team.
3.4.1 When registering its contracts, the startup may select up to 4 (four) categories that best identify it, among those offered in the form, in order of preference, to compete for the TOP Category rankings.
3.4.2 The startup must select at least one category. If you feel that you do not fit into any of the available categories, you should select New Trends and specify which term best categorizes the home category.
3.4.3 Each startup can only be awarded a single TOP Category prize, and the prize will respect the order of preference: if the startup is not awarded in the TOP 10 of its first selected option, it will automatically compete for the second option, and so on.
3.4.4 Only the categories with the highest score density will be awarded. Therefore, 100 Open Startups does not guarantee that the category(s) chosen by the startup will be awarded as TOP Category.
3.4.5 If none of the categories chosen by the startup is awarded, or if it does not have enough scores to be in the TOP 10 of any of the categories chosen, it continues to compete normally for the TOP 100.
3.4.6 To ensure the consistency and representativeness of the Ranking 100 Open Startups in the different categories, after consolidating the data, the 100 Open Startups Ranking audit team reserves the right to change the category(ies) of the startup without prior notice, in addition to creating new categories and/or subdividing them.
3.5.1 In addition to the TOP 100 and the TOP Categories of open startups and open scaleups, the 2023 edition of the Ranking will also have the following prizes:
i. TOP Open Corps: leading open innovation corporations with startups;
ii. TOP Open Corps Categories: leading open innovation corporations with startups by activity sectors;
iii. TOP Open Corps Middle-Market: leading open innovation corporations with startups and 2022 annual revenues of $20 million to $200 million;
iv. TOP Open Startups Ecosystem: ecosystem agents recognized by startups for having supported them in their trajectory;
v. TOP Open Corps Ecosystem: ecosystem agents recognized by corporations for having supported them in their open innovation practice;
vi. TOP Engagement 100-10-1: recognition of the executives with the highest score in the 100-10-1 Startups Program (exclusive award for program participants).
vii. TOP Engagement 100-10-1: recognition of the executives with the highest score in the 100-10-1 Startups Program (exclusive award for program participants).
3.5.2 For the TOP Investors category, the score is equal to the number of awarded startups that have declared or confirmed the investor contribution. Example: if investor A invested in 5 award-winning startups and investor B invested in 8, the scoring of the TOP Investor Ranking is: 1st) Investor B, with 8 points; 2nd) Investor A, with 5 points.
3.5.3 For the TOP Ecosystem category, the score is equal to the number of award-winning start-ups and corporations that have declared or confirmed their support for the ecosystem agent. Example: If Ecosystem Agent A had a confirmed relationship with 4 award-winning corporations and 2 startups and Ecosystem Agent B had a confirmed relationship with 7 award-winning startups, the TOP Ecosystem Ranking location is: 1st) Agent B, with 7 points; 2nd) Agent A, with 6 points.
3.5.4 The companies that participate in the TOP Open Corps can indicate one (or more) operational contact points, which will have access to all the company's contracts and the edition of the basic information of the company's registration on the platform, and a representative contact point, which will be the focal point to represent the company before 100 Open Startups.
3.5.5 The TOP Open Corps Ranking may be divided into different lists by size and type of corporation, depending on the scoring density of each group
3.5.6 To define the categories of the TOP Open Corps Categories, the main sector of activity of the corporation will be considered according to its registration on the platform. The main sector of activity is initially defined by the audit team and can be modified by the operational contact point of the company in the Ranking by completing the registration form. For new companies not registered in the database, the first user can, when registering, indicate the sector that he considers most suitable.
3.5.6.1 The award categories for the TOP Open Corps Category will be defined by grouping sectors, according to the Ranking score density. Only the categories with the highest score density will be awarded. Thus, 100 Open Startups does not guarantee that the sector chosen by the corporation will be awarded in the TOP Category.
3.5.6.2 To ensure the consistency and representativeness of the Ranking 100 Open Startups in the different sectors, after consolidation of the data, the Ranking 100 Open Startups audit team reserves the right to change the sector and/or category of the company without notice. in addition to creating new sectors and categories and/or subdividing them
3.6.1 The 2023 edition of the Ranking will have extra special recognition for startups, applicable to the awarded startups in the TOP and/or TOP 100 Categories and that meet the criteria of these categories, described in item 3.6.4 of these regulations.
3.6.2 Startups wishing to compete in one or more of these categories must actively apply, by registering their entries, and completing the justification field to fit into the category.
3.6.3 Eligibility is not guaranteed and is subject to analysis by the Ranking 100 Open Startups audit team, which, based on the justification provided by the startup, will assess compliance with the category criteria.
3.6.4 The special categories and their eligibility criteria are:
i. TOP Sustainability and Environment - Eligibility Criteria: The startup must have, in its core business, products or solutions that contribute to environmental sustainability.
ii. TOP Social Impact - Eligibility Criteria: The startup must have, in its core business, products or solutions that generate a positive and direct social impact in Brazil.
iii. TOP Corporate Governance - Eligibility Criteria: The startup must have, in its core business, products or solutions related to corporate governance.
iv. TOP Accessibility and Inclusion - Eligibility Criteria: The startup must have, in its core business, products or solutions that are directly aimed at accessibility and/or inclusion of people with disabilities.
v. TOP Female Entrepreneurship - Eligibility criteria: The startup must have, among its founding partners, at least one woman, who has an executive role in the startup and a shareholding of at least 10%.
vi. TOP LGBTQIAPN+ Entrepreneurship - Eligibility Criteria: The startup must have, among its founding partners, at least one LGBTQIAPN+ person, who has an executive role in the startup and a shareholding of at least 10%.
vii. TOP Black Entrepreneurship - Eligibility criteria: The startup must have, among its founding partners, at least one self-declared black or brown entrepreneur, who has an executive role in the startup and an equity stake of at least 10%.
viii. TOP Senior Entrepreneurship - Eligibility Criteria: The startup must have, among its founding partners, at least one entrepreneur who is at least 50 years old in the Ranking period, who has an executive role in the startup and a shareholding of at least the 10%.
3.6.5 The special categories may or may not be published, grouped or changed in nomenclature, at the discretion of 100 Open Startups and the partner organizations of the Ranking 100 Open Startups.
3.7 The 100 Open Startups Ranking is open to startups and corporations from outside of Brazil. Specific awards and rankings for other countries and/or regions are defined by the startup's country of origin.
3.8 Not all prizes provided in these regulations will be published in all participating countries and regions. 100 Open Startups may, at any time, according to the density of startups, corporations, investors, ecosystem agents and registered relationships, change, add or eliminate any category of prizes provided or not in these regulations, in any of the countries and participating regions.
4.1 For the categories of startups and corporations, contracts that were active at any time during the period from 07/01/2022 to 06/30/2023 will be considered.
4.1.1 Active contracts that were declared and validated more than one year before the start of the validity period defined for the 2023 edition, as described in item 4.1 - that is, declared before 07/01/2021 - will be considered expired. These contracts must be declared and validated again to be considered for the 2023 Ranking.
4.1.2 The recommended deadline for contract registration is 06/15/2023, so that they can be part of the entire contract validation campaign period for the Ranking. The final deadline for contract validation for the Ranking is 23:59 UTC on 07/31/2023.
4.1.3The audit results of the Ranking contracts will be disclosed on the platform itself by 08/07/2023. Participants have until 08/13/2023 to request reconsideration of the audit judgment result.
4.1.3.1For contracts validated in advance, the results of the preliminary audit may be published in real-time, and their requests for reconsideration may be made in advance. The final audit result may have changes compared to the preliminary audit, as some consistency checks are only performed after the final validation deadline.
4.1.4Any changes to the deadlines for registration closure, validation, campaigns, audits, and requests for reconsideration will be disclosed through official Ranking communications and posted on the official website - 100os.net/ranking
4.2 For the categories of ecosystem agents and investors, relationships/investments that occurred at any time until June 2023 will be considered.
4.2.1 The same deadlines in clause 4.1.2 apply to the relationships of ecosystem agents and investors.
5.1 The contract information submitted to participate in the 100 Open Startups ranking is private and will only be shared with the designated point of contact for validation and the 100 Open Startups audit team.
5.2 The consolidated data may be used, by 100 Open Startups or associated research institutions, for research and surveys on the practice of open innovation and the innovation ecosystem in general, guaranteeing the confidentiality of the individual information of the registered relationships.
5.3 Only official rankings and consolidated data, by sector, category, geography, etc. It will be disclosed in publications referring to the Ranking 100 Open Startups, press and partners, without identifying the specific relationships between startups and companies, unless there is an intention and acceptance of the two parties involved to disclose the relationship as a case of open innovation.
5.4 The Ranking is a mapping of market activity, carried out based on data declared and confirmed between institutions. In the event that a company or institution does not wish to be mentioned in the Ranking awards, it must send a formal communication from the legal representative of the organization to the email legal@openstartups.net requesting its removal. The drop will only be made from the next editions of the Ranking, not yet published. Current and published editions will not be updated.
5.4.1 In the event of a formal request by the company or institution not to be mentioned in the 100 Open Startups Ranking award, 100 Open Startups reserves the right to veto the participation of users with the company's corporate email or institution on the platform, as well as events and products offered by 100 Open Startups.
5.5 These rules may change at any time, without prior notice, at the sole and exclusive discretion of 100 Open Startups.
Last update: 06/12/2023