Partners

The Extreme Tech Challenge (XTC) is a global start-up competition to discover and support new technologies and innovations to solve the world's most extreme problems. The United Nation's 17 Sustainable Development Goals serve as a framework for the global challenges that XTC will address through the competition.

The United Nations Sustainable Development Goals aim to achieve a better and more sustainable future. XTC uses these goals as a foundation to surface the most ambitious, impactful products or services that will make an impact on humanity and our world.

Reduce Inequalities; Climate Action; Gender Equality; No Poverty; Peace, Justice, and Strong Institutions; Industry, Innovation and Infrastructure; Affordable and Clean Energy, Decent Work and Economy Growth; Life Below Water; Quality Education; Life On Land; Responsible Production and Consumption; Good Health and Well-Being; Clean Water and Sanitation; Partnerships for the Goals; Sustainable Cities and Communities; and Zero Hunger.

Yes. Extreme Tech ChallengeSM (XTC) is a California non-profit public benefit corporation.

The principal executive office of XTC is presently located at: 2480 Sand Hill Road, Suite 101, Menlo Park, CA 94025, USA.

XTC has applied to the Internal Revenue Service (“IRS”) for recognition of tax-exempt status as an organization described in Section 501(c)(3) of the Internal Revenue Code. XTC has not yet received a determination letter from the IRS, but any such recognition of exemption will be retroactive to XTC’s date of incorporation. Upon request, XTC will provide you with a copy of the IRS determination letter when we receive it. See Section 508(d) of the Internal Revenue Code, Treas. Reg. § 1.508-1(a); Rev. Proc. 90-27, 1990-1 C.B. 514, § 13.01.

XTC is a California non-profit public benefit corporation and has applied for tax exempt status with the IRS. Companies located outside of the United States will need to check their individual situations to determine whether they have access to tax credits (XTC cannot provide this type of advice to potential contestants).

Please refer to the XTC Privacy Policy.

The main incentive for startups is access to venture capitalists and corporate sponsors that may invest in the startups and/or provide mentorship. By facilitating meetings for startups, XTC increases the odds that entrepreneurs will be successful in their businesses, and supports its own mission of using “Tech for Good,” to solve the problems challenging global sustainability.

The XTC organization’s headquarters address is: 2480 Sand Hill Road, Menlo Park, CA 94025. XTC uses an office located within the Samsung Strategy & Innovation Center (SSIC), which shares the same address.

XTC is incorporated in the US state of California.

No, XTC is a California non-profit, public benefit corporation run by volunteers.

At this time XTC is run solely by volunteers, of whom many – but not all -- are Samsung employees. As the organization grows, XTC will eventually hire a permanent managing director and, perhaps, a small operating staff. Currently, Young Sohn is Chair of the XTC Board of Directors and President; Bill Tai is a member of the XTC Board of Directors and corporate treasurer/CFO; and John Park is corporate secretary.

Individuals and organizations (“partners” or “sponsors”) support XTC by investing $50,000 per year in the organization, or thru in-kind support and services.

At this time, there is only the single $50,000-per-year sponsorship level.

In addition to being publicly acknowledged for their generous support of the XTC organization, members get first-hand visibility into promising entrepreneurs and technologies from all over the world by having the opportunity to:

• Review competition applications
• Meet and perhaps, set up independent business relationships -- with competition applicants
• Nominate potential partner members
• Invest at their discretion, in enterprising startups

Partner / sponsor meet-ups can be arranged at certain events where XTC is present. Additionally XTC intends to arrange periodic conference calls or in-person meetings, and application-review meet-ups (that are already happening). XTC also issues periodic partner newsletters to stay connected.