July 18, 2024 at 07:45AM
Okta announced a SaaS Startup Competition for US-based early-stage startups to showcase innovation and business potential in creating applications using identity workflows. Three finalists will pitch at Okta’s Oktane24 conference, with the winner potentially receiving a $500,000 investment, mentorship, and access to technology partners. The competition aims to support startups in leveraging Okta’s tools and network.
Based on the meeting notes, here are the key takeaways:
1. Okta has announced the inaugural SaaS Startup Competition to support early-stage startups in the US that are leveraging identity, privacy, and security enabled workflows in their products.
2. The competition aims to evaluate startups based on their business potential, innovation, and the use of identity enabled workflows, and finalists will have the opportunity to pitch at Okta’s Oktane24 conference in Las Vegas in October.
3. The winner of the competition stands to receive up to a $500,000 investment from Okta, as well as access to identity management experts and venture capitalists for support.
4. Okta’s platform provides startups with tools to develop identity-enabled applications, freeing up time for them to focus on building new products and applications without the complexities of managing identity infrastructure.
5. Startups participating in the competition can also benefit from integrations with numerous technology partners in the Okta ecosystem.