This just looks like another VC firm disguised as something else:
1) 3% equity + 5% for an additional 20k of any company you found for the next 8 years
2) “The candidates will vote on each other’s projects, points will be awarded and there will be leader board. Subject experts will also vote, with their votes counting somewhat more than the candidates.”
I think what we actually need are less gatekeepers and instead work towards establishing communities that reward intellectual curiosity, encouraging the cultivation of ideas and potential businesses that provide value. We have to support this sort of development for those willing to apply themselves, and that means we should be there to help during all phases of that journey — not just when someone has a project idea or when they’re ready to IPO, but also when they may be educating themselves, researching areas of interest, or even when they may be going through a time of intellectual hardship.
This sort of work must be genuine and unconditional — the current VC model is flawed by design if you wish to “address the opportunity gap” — it will always be about maximizing ROI even if it’s not explicitly stated.