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The Concept Competition is the first stage in a three part series of annual competitions organized under the UVA Entrepreneurship Cup. $25,000 in total prize money will be awarded as part of the Concept Stage.

The purpose of the Concept stage of the competition is to surface and seed ideas from all parts of the university at every stage of development. Students are encouraged to come up with out-of-the-box ideas that could be translated into compelling projects. Submissions are not expected to be a full business plan, and will not be penalized for not having a working prototype, fully developed team, forecast, revenues, etc.

KEY DATES:
October 20, 2017 – Submissions are due by Noon
November 9, 2017 – Final presentations

The Concept Competition for the 2017-2018 academic year will be organized according to five themed tracks:

  • Health Care Services & Technologies
  • Social Entrepreneurship
  • Consumer/Business-to-Business
  • Science/Technology/Innovation
  • UVA Wise (for students studying at the UVA College at Wise ONLY)

Students are allowed to enter the Track of their choosing, but encouraged to enter the Track that seems most appropriate for their project. The top five projects in each of the five Tracks will be awarded $1,000 each, for a total of $25,000 in awards.

ILAB INCUBATOR OPPORTUNITY FOR CONCEPT WINNERS:
The top five projects selected in each of the five Tracks will also be invited to apply for early selection to the 2018 iLab Incubator program. Teams interested in this early application will receive a request to meet with Jason Brewster, Director of the Incubator program, who will gather additional information about interested teams and their projects. Applying teams will then meet with the Incubator selection committee on December 1, 2017, with final decisions announced by December 8, 2017.

For more information about the Concept Competition, follow the links below: