Does the company have to provide sponsorship for the team to enter?
Thanks!
Yup, both players do have to work for the company you are representing in order to compete. I should add also if you're representing a company (especially a large company), you do need permission from your bosses in order to compete.
It's pretty much the same idea behind the After Hours Gaming League [http://afterhoursgaming.tv/], but with Aussie-based companies!
In terms of sponsorship, there's no plan for teams to have to get sponsorship money to compete. The idea is that tournament sponsors to provide the money; the competing teams just need to rock up and play!
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