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Startup Open, a competition that recognizes startups with high-growth potential, has launched its search for the 50 most promising new startups around the world as part of Global Entrepreneurship Week (GEW) 2011. The “GEW 50” will be announced on Oct. 15, 2011, with those companies then competing for the top honors and prizes.

Startup Open is a competition to recognize and reward startups and the entrepreneurs behind them. Held as part of Global Entrepreneurship Week, Startup Open will recognize the top 50 startups in 2011 and award prizes to help them grow their business.

Startup Open applicants will be judged on concept, growth projections and knowledge of their industry. A handful of companies winning the top honors and prizes will be announced on Nov. 14 as GEW 2011 gets underway.

It is open to entrepreneurs who have just started, or are about to start, a new venture and have a “startup moment” between November 22, 2010, and November 20, 2011.

Register Now Registration for Startup Open is open until September 15, 2011.

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Thomas Oppong is the founder @Alltopstartups.