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Hot Air Balloons

NexTerra Challenge

Reinventing the Rules 

Your chance to win $1,000,000 Investment & a $45,000 prize package!

The rules are changing. The whole world has stopped and come to realize that its priorities must change. 2020 will mark the beginning of a new era. The Next Era.

Terra Ventures is holding The NexTerra Challenge competition, to find the most promising new technologies. NexTerra Challenge is open for startups working on scalable solutions that address critical environmental, health and societal challenges.

Winners of the competition will receive a $ 45,000 prize package in addition to a possible $1,000,000 investment by Terra Venture Partners. 

The $ 45,000 prize package will consist of $ 5,000 cash prize by Terra Venture Partners, and the balance will be provided in professional services*, courtesy of our sponsors from the following leading firms in their respective areas of expertise:

Hot Air Balloons

Industrial Design


Industrial design &

UI/UX services package

Digital Marketing


Digital Marketing &
Branding services package 

Shibolet & Co. Law Firm

Legal services package


* See the TERMS AND CONDITIONS  for the full and updated list of services offered as part of the Service Package by the above listed NexTerra Challenge sponsors.

All eligible startup contestants will be offered by Amazon Web Services AWS Activate Credits. The Top-10 finalists will be offered an extended package of Credits and consulting hours with AWS specialists.



The competition is open to early-stage Israeli startups (see Eligible Contestants)   developing innovative impact-driven technologies that meet unmet needs and address the global market in fields relevant to Terra Ventures’ areas of interest and aligned with the selected Sustainable Development Goals (SDGs) listed below:

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Eligible contestants include:

 Israeli registered companies, TTOs, or entrepreneur(s).

Companies can have raised up to $500,000 equity funding maximum to date.

Companies that have not received IIA grants, other than Tnufa, Nofar, Kamin or Innovation Lab Program Incubators (route 29).


Digital Work Life



Application submission deadline: June 30, 2020 



Finals: The top 10 finalists will be invited to pitch the Judging Committee.



Winner announcement:

The 3 runners-up will be invited to pitch at the NexTerra event and the winner will be announced then.

For further information or any question please contact:>> 


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Terra Venture Partners, is a venture capital fund focusing on Israeli early stage startups that develop innovative products that have the potential to make a positive impact on the environment and society.

The Reinhold Cohn Group (RCIP), is the earliest and leading Intellectual Property consulting firm in Israel, a one stop shop for all IP matters in all technological fields. 
Reinhold Cohn Group professionals excel in deeply understanding the product and its technology, as well as its place in the context of the relevant business environment, enabling  them to build a solid IP strategy supporting the startup’s changing needs and leveraging its IP assets. 

Aran Research Development & Prototypes Ltd., From innovation to delivery, A one-stop product development and production services. We take products from concept to prototype and full production. Aran offers a comprehensive range of multi-disciplinary product development (Industrial Design, Mechanical, Software, Hardware) and production capabilities such as: CNC, 3D Printing, molds and plastic injection, assembly halls and class 7 cleanroom.
Areas of Expertise includes: Medical devices, Defense, Consumer and industrial.
Aran fully integrated with AS-9100, ISO-9001, ISO-13485, FDA registered.

Shibolet & Co., is one of Israel’s prominent, full-service, commercial-corporate law firms. It is highly regarded for its extensive international footprint and its handling of complex cross-border matters. The firm is renowned for best serving the legal interests of foreign firms and individuals in Israel.

Taga, is a leading product design and engineering firm. Our teams designed and developed more than 1000 products in the areas of Medical Devices, Consumer Electronics and Professional Equipment for companies worldwide.

Oktopus, is a digital branding and marketing agency for startups. Specializing in digital strategy and building engaging digital identities to communicate with right target audiences.

Rimon Cohen & Co., is a consulting firm specializing in public relations, strategy, crisis and conflict management and new media.

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