Okta announced a startup competition this week to help fuel companies building applications using identity, privacy, and security enabled workflows.
The inaugural Okta SaaS Startup Competition will allow early-stage startups incorporated in the US to be evaluated on business potential, innovation, and the utilization of identity enabled workflows in their product with a chance to receive a cash investment and support from Okta.
According to the identity and access management giant, three finalists will have the opportunity to pitch to a live audience at the company’s Oktane24 conference in Las Vegas this October.
The winner of the competition may receive up to a $500,000 investment from Okta and access to identity management experts and venture capitalists.
“Okta’s platform helps startups develop identity-enabled applications. Startups can capitalize on Okta’s robust tools to free up time so they can focus on building new products and applications without the complexities of managing identity infrastructure,” said Austin Arensberg, Senior Director, Okta Ventures said. “We look forward to seeing what new innovations are presented to us as we collectively work to build a world where everyone can safely use any technology.”
Additionally, startups can leverage integrations with numerous technology partners in the Okta ecosystem, the company said.
