The competition focuses on discovering the next big idea and will award the winner $10,000.
iLaunch, a yearly competition hosted by Texas Tech University's Innovation Hub at Research Park, seeks to discover entrepreneurial ideas among the community. The competition is open to students and entrepreneurs through an application process. Participants will receive mentoring and templates for a business plan as part of the competition. The winner will be awarded $10,000 to further advance their presented idea. Second and third place winners will be awarded $3,000 and $1,000, respectively.
"The iLaunch competition is a fun way to see if your idea can grow into a startup and win money to help you get started," said Kimberly Gramm, associate vice president for innovation & entrepreneurship. "Investors and experts provide valuable feedback for all those who take time to apply."
The 2019 winners of the iLaunch competition were Antony Betteridge and Nathan Lloyd, Texas Tech University Health Sciences Center students, with VxMED, a center that transforms medical school textbook and lecture content into a virtual-reality training experience for first- and second-year medical students preparing for board exams. VxMED went on to win the top TTUHSC President's Award, which awarded the team an additional $25,000.
In order to apply to the competition, participants must submit an executive summary narrative, a one-minute elevator pitch video and a pitch deck. Applications will be accepted until Jan. 15 and the competition will be held Feb. 7. Click here for the iLaunch competition application.