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.
About Red Bull Basement
Today’s innovators are driven by entrepreneurial ambitions and a purposeful desire to make a true impact. Red Bull Basement empowers the next generation of innovators to develop and launch outstanding ideas, accelerated by AI technology. Participants will be offered personal growth opportunities from networking to collaboration and expert mentor workshops – holistically supporting their aim to innovate and disrupt today’s status quo with the help of the latest technology. In the culmination of the 2024 edition, teams from over 40 countries will engage with thought leaders, entrepreneurs and visionaries from around the world as they bring their ideas to life at the World Final.
About AMD
AMD – Where the World’s Most Advanced Processors Meet the World’s Most Important Challenges. AMD leadership products and deep partnerships help advance the world together. From AI to Healthcare and Aerospace, Hyperconnectivity, Automotive, Gaming and Entertainment and almost every facet of the world we live in. AMD is the high performance and adaptive computing leader, powering the products and services that help solve the world’s most important challenges.
AMD technologies advance the future of the data center, embedded, gaming and PC markets, with the mission to build great products that accelerate next-generation computing experiences.
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor leader.
Founded in 1969 as a Silicon Valley start-up, the AMD journey began with dozens of employees who were passionate about creating leading-edge semiconductor products.
AMD has grown into a global company setting the standard for modern computing, with many important industry firsts and major technological achievements along the way.
Web link: https://www.amd.com/en/solutions/ai.html
About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.
For more information, please visit: https://www.microsoft.com/en-us/about