Here’s your chance for your startup to receive an investment from Sound Ventures, the venture capital firm co-founded by Ashton Kutcher and Guy Oseary. But there’s a small catch: you or one of your co-founders must be under 30 years old.
For the second year in a row, Sound Ventures will participate in the $500,000 Global Change the World Competition that will take place during the Forbes Under 30 Summit, which runs Oct. 1-4 in Boston. Rough Draft Ventures, the program supporting student startups that’s run by General Catalyst, will also participate.
Based in Los Angeles, Sound Ventures has invested in dozens of startups, including SkySafe, Zenefits and Boston-based Apptopia. Kutcher, who was perhaps best known for his role in the TV show “That ’70s Show,” started the firm in 2015 with Oseary after the two previously ran another firm called A-Grade Investments.
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Kutcher and Oseary will be on a panel of judges for the pitch competition on Oct. 2, where one winner will be chosen out of four finalists. Peter Boyce of Rough Draft Ventures and Forbes Media CEO Mike Perlis will also be on the panel.
For the winner, Sound Ventures and Rough Draft Ventures may invest up to $100,000 each while Forbes will provide $300,000 in an in-kind media grant.
The startup competition is accepting applications from today to Sept. 1. More details here.
The winners of last year’s Forbes startup competition were Pillar Technologies, a Boston-area startup that has since relocated to New York, and California-based Opus 12.