Launch! is the third and final stage of the UVA Entrepreneurship Cup, and its goal is to showcase and provide seed capital to the most compelling student ventures. In past years, upwards of $50,000 in total prize and in-kind resources have been awarded.
This stage of the competition is about commitment, sustainability, and scale. Are the students committed to the venture? Is it likely that that the venture, whether a for-profit or nonprofit, could be sustainable (i.e., financially and operationally viable)? Could this venture grow to have the impact and/or the upside imagined by the founders?
Students at this point are able to provide evidence of real customer and/or stakeholder demand, and can provide a vision for how the venture could become a sustainable business or non-profit. Furthermore, these student ventures have often also begun the process of assembling the team and resources to deliver their product or service to new customers.
For more information about the Launch! Competition, follow the links below: