Welcome to the Liftoff Houston Business Plan Competition!
Liftoff Houston, the City of Houston's annual business plan competition is an entrepreneurial initiative aimed to empower Houstonians with business literacy education and mentorship to start their own business while contributing to the local growth and sustainability of the Houston economy.
To be eligible, applicants must be in the start-up phase of their business which means they either must have a developed business idea or have a business in operation for less than one year with revenue of less than $10,000. Contestants must live in the Houston city limits with their business in the Houston city limits. Capital One Bank is the key sponsor for this event providing cash prizes totaling $30,000.
The competition will take place in four stages – orientation, workshop, mentoring, and presentation, over a 5 month period. Applicants will participate in a myriad of workshops ranging from business plan basics to raising capital, as well as information sessions on essential City of Houston business resources available through the Houston Public Library (HPL) and the City's Office of Business Opportunity (OBO.) The goal is to enable individuals to successfully research and develop their business plan. Applicants will also receive additional support from professional mentors from SCORE Houston and Capital One Bank to further refine the business plan for submission.
This year there will be three award categories: Product, Service, and Innovation.
- $10,000 – Awarded for top “Product” Based Business Plan (Retail, resale, merchandise, etc.)
- $10,000 – Awarded for top “Service” Based Business Plan (Food, labor, consulting, etc.)
- $10,000 – Awarded for top “Innovation” Based Business Plan (Software, Hardware, inventions, new market businesses, etc.)
Applications open May 11, 2016 to June 3, 2016 till 2:00PM. [Notification: We have extended the deadline to June 20, 2016!]
*The 2016 competition starts in May and will end in November with the PitchDay Award Ceremony.
The competition will be mainly held online at www.liftoffhouston.com and the workshops will be held at multiple locations across Houston.
WHO IS ELIGIBLE?
To be eligible, applicants must be in the start-up phase of their business which means they either must have a developed business idea or have a business in operation for less than one year with revenue of less than $10,000. Contestants must live in the Houston city limits with their business in the Houston city limits. Please see competition rules & eligibility for more details.
HOW DO I GET STARTED?
Step 1: You must first create an account on this website. Click "Signup". (Once you completed creating a account the website will send you a confirmation email to confirm you have a working email.)
Step 2: Complete the "Application" for the competition located on your dashboard once you login. (Applicants who create an account but do not complete an application by June 20, 2016 will not be eligible for the competition.)
NONCOMPETING PARTICIPANTS ARE WELCOME!
Liftoff Houston offers workshops series to non-competing individuals to help create a business plan and start their business!
City of Houston-Office of Business Opportunity