Red Bull Basement Global Competition seeks Kosovo innovators with ingenious ideas

One idea is all it takes to enter Red Bull Basement, the global event that empowers a new generation of innovators through resources including networking, collaboration and AI technology. The team with Kosovo’s best idea will be invited to develop it further for the World Final in Tokyo, where expert judges will choose the winner for 2024.?

Prishtina, September 5, 2024 – A single good idea will launch innovators from Kosovo to the global stage as Red Bull Basement returns for 2024. Red Bull Basement empowers the next generation of innovators?to?conceive, develop and launch?their outstanding?ideas, accelerated by AI technology. Each team that applies will be able to create their own business plan with the help of AI, and the national winners from Kosovo will be invited to an immersive World Final in Tokyo, Japan. The application window is open until October 31, 2024.?

About Red Bull Basement?

Today’s innovators are driven by entrepreneurial ambitions and a purposeful desire to?make a true impact. But it can be hard to know where to start. Participants with unique ideas use Red Bull Basement? to open personal growth opportunities from networking to collaboration and expert mentor workshops – holistically?supporting their aim to innovate and disrupt the status quo?with the help of?the?latest technology.??Numerous past participants have leveraged the skills learned and connections made at Red Bull Basement to help take their ideas to market, and in 2024, the event will be larger and more inclusive than ever.??

2024 Format?

In Red Bull Basement 2024, a new wave of innovators will leverage AI to create a business plan, find opportunities, identify and prioritize potential growth areas, and enable their state-of-the-art ideas.??

Phase 1 – Application:? From September 1? through October 31, 2024, one- or two-member teams of students and innovators from Kosovo can visit the Red Bull Basement website where the easy-to-use AI tool will help them to create and submit a one-page business plan as their application. A panel of hand-picked local judges will select the top teams for the national final, and the winner will go on to represent Kosovo at December’s Global Final.

Kosovo’s Red Bull Basement Judges will select Top 20 ideas by November 1st, 2024.20 finalists will need to submit 1 min videos by November 4th, 2024. On the same date, 10 finalists will be selected. The Kosovo National Finale will take place on November 5th, 2024.?

Phase 2 – Development: From November 5 through December 1, 2024, the national-winning teams will unlock resources including the chance to work with mentors and experts [as well as AI technology] to detail their business plan and evolve their ideas toward readiness as a business start-up. ?

Phase 3 – Global Final: From December 2 through 5, 2024, the World Final will bring together the finalists from 40 countries for an immersive event in Tokyo, featuring workshops, a dedicated AI session, and networking with international entrepreneurs, visionaries and business leaders, culminating in the announcement of the global winner of Red Bull Basement 2024. The World Final winner will receive an MBA like no other; a 3 week hands-on experience in Silicon Valley.??

Red Bull Basement 2024 is collaborating with Microsoft and AMD for its sixth edition, focusing strongly on AI technologies to deliver the best possible experience. The Red Bull Basement Chatbot, powered by Microsoft, will use Azure OpenAI Service and AMD’s data center AMD Instinct? Accelerators to assist teams to develop ideas and create business plans. In addition, the national winners will receive an AI-enabled laptop with AMD’s latest RyzenTM AI processor technology to utilize Microsoft’s AI technologies during the development phase up until the World Finals in Tokyo, Japan.