Get your pitch ready: the UTSA Center for Innovation, Technology and Entrepreneurship (CITE), is announcing a campus-wide spin-off of its annual Student Technology Venture Competition to take place this fall: The Big Rowdy Idea Business Model Competition.
This time around, UTSA graduate students are eligible to compete with their original business models as well as undergraduates. The objective of the competition is to provide a platform for the innovative ideas that UTSA’s community is known for.
Until Oct. 2, CITE is accepting entries from the UTSA community that describe business ideas that could become scalable entrepreneurial ventures. The submissions must be the original work of a team comprised of no more than six members, and the proposed business model cannot have received revenue or more than $100,000 of funding prior to the current academic year.
On Oct. 8, CITE will announce the top 15 teams, who will then have six weeks to develop their business models and submit a short video to promote their projects as a precursor to their final pitch. A panel of business leaders from San Antonio will select the five finalists who will pitch their business models at the College of Engineering Tech Symposium on Nov. 29.
First place winners of the competition will receive $5,000 in cash, a $5,000 investment and in-kind services. Second and third place winners will each be awarded cash prizes of $1,500 and $1,000 and in-kind services, respectively.