Gain the total start-up experience when you enter the LSU Student Incubator’s 5th Annual Venture Challenge!
Date TBD, 2016.
Do you have a big idea?
The 5th Annual Venture Challenge will showcase LSU’s brightest student entrepreneurs and provide their businesses with access to the capital and resources needed to achieve long-term success.
The Venture Challenge is looking to support new, independent ventures in the early growth stage. The startup venture must be a current member of the LSU Student Incubator as of March 1, 2016. All LSU students are encouraged to become a member of the LSU Student Incubator. Apply here.
Any startup venture that fits these requirements, including non-profits, can enter.
How to get involved
1. Meet with Your Consultants: Business Plan Development
Flores MBA Graduate Assistants and staff from the Louisiana Business & Technology Center will provide individual coaching sessions on business plan development to LSU Student Incubator members. During the development process, participants will receive a checklist from their business consultants to ensure their plan is properly produced and formatted.
2. First Round: Submit Your Business Plan
The Venture Challenge competition site will launch in March. Members must submit their business plans on the competition site. Participants can continually update their plans until this deadline is reached. Once the deadline is reached, all plans will be judged and scored by a panel of members from the LSU and local business communities. The top four scoring plans will advance to the final live round of the Venture Challenge-DATE TBD. Members who submit their business plans will receive feedback from the judges on their plans.
3. Final Round: Live Competition and Startup Showcase
A) Present Your Idea
Participants with the top four plans will give a 10 minute investor pitch to both the panel of judges and a live audience. Each pitch will be followed by a 10 minute question and answer session with the panel of judges made up of local business professionals.
B) Participate in the Startup Showcase
All members of the LSU Student Incubator will be invited to showcase their businesses during the final live round of the Venture Challenge- DATE TBD. Presenters will have the opportunity to set up information about their business at a booth and network with local professionals to promote their businesses.
4. Seed Capital Awarded: Six Businesses Receive Cash Awards Totaling $25,000
A) $23,500 to be Distributed Among the Four Presenting Finalists
The judge’s final round scores will determine how to divide up $23,500 among the four winners. A cash amount of up to $15,000 can be awarded and each finalist is guaranteed at least $1,000.
B) $1,500 to be Awarded to Two Businesses From the Startup Showcase
NEW TO THE VENTURE CHALLENGE – This year the Venture Challenge will have the first Startup Showcase “Audience Choice” winner and runner-up. The business from the Startup Showcase with the most audience votes will receive a cash award of $1,000. The runner-up will be awarded $500.
For more information about the Venture Challenge, contact Kenny Anderson at firstname.lastname@example.org.
Support the Program
The LSU Student Incubator’s Venture Challenge is instrumental in retaining talented university graduates in Louisiana, which will help build a closer community, a stronger economy and a better future for Louisiana.
By investing in the Venture Challenge, you play an important role for Louisiana in promoting job creation and assisting local entrepreneurs with access to the resources they need to start, grow and attain long-term success. With your help, this program will inspire innovation and encourage entrepreneurship in Louisiana for many years to come.
Funding will support the Venture Challenge, Awards Reception and $25,000 of start-up funding for LSU student-led businesses. In order for the Venture Challenge to thrive, we need organizations to become underwriters of the program through financial pledges.
If you are interested in supporting the LSU Student Incubator Venture Challenge, please contact:
LSU Student Incubator Director
8000 Innovation Park Drive, Building 3000 – Baton Rouge, LA 70820
225.578.7127 or email@example.com
The LSU Student Incubator at the LBTC
The LSU Student Incubator assists students with business idea development so they can have their business as a career option after graduation. The program supports more than 40 student-run startups annually by providing one-on-one consulting, business planning software, mentors and speakers from the business community, an Elevator Pitch Competition, the Venture Challenge, and other valuable resources needed to start and grow a business. The LSU Student Incubator is a program of the Louisiana Business & Technology Center (LBTC).
The Louisiana Business & Technology Center (LBTC) at the LSU Innovation Park endeavors to enhance economic development in Louisiana through the support of existing small businesses and the development of new businesses.