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 must be in operation for less than one year with revenue of less than $10,000, and 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 6 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 July 1, 2015 and will close July 24, 2015
*The 2015 competition launched July 1, 2015 and ended November 21, 2015 with the PitchDay Award Ceremony.
*Stay tuned for the 2016 launch date!
The competition will be held at designated Liftoff Houston Locations.
WHO IS ELIGIBLE?
To be eligible, applicants must be in the start-up phase of their business and only in operation for less than one year and with revenue of less than $10,000, must live in Houston city limits and plan to open their business in Houston. 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 completd creating a account the website will send yuou 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 July 24th, 2015 will not be eligible for the competition.)
Liftoff Houston/ Houston Business Solutions Center