Startup competitions are events where entrepreneurs pitch their business ideas to a panel of judges, often consisting of investors and industry experts. Participants typically present their concepts, business models, and plans for growth, competing for prizes such as funding, mentorship, or resources to help launch their startups. These competitions can take place at various levels, from local events to international contests, and often encourage innovation and collaboration within the startup ecosystem. They provide valuable networking opportunities and can significantly increase visibility for emerging companies, helping them gain traction in a competitive market.