In addition, contestants of the Social Venture Competition needed to address the social impact of their ventures, while those of the Technology Venture Competition were asked to describe their core technology.

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This explosion of interest puts venture capital firms in somewhat of a bind, creating more competition for stakes in potentially disruptive companies that could grow to become huge powers on their own or high valued targets for the larger players in their spaces.

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It combines the growing climate of entrepreneurship with the international showcase of innovation that accompanies the Global Venture Labs Investment Competition.

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