Competition Awards
4 awards announced
The winners of this award have not been announced.
Competition Timeline
ROUND 1 - Open Application Period
Round 1.
Registration Deadline is April 29, 2016 at 11:59PM EST.
On or before May 9, 2016, Flywheel New Ventures LLC, will select up to ten (10) promising Submissions as finalists in the Challenge (“Finalists”) from the pool of eligible Submissions, taking into account assorted factors to evaluate the proposed solution, its market opportunity and business model (as stated in the judging criteria). Selection will be by majority vote of the members. In the event of a tie between two or more Submissions, the winning Submission that advances to become a Finalist shall be the Submission that scores highest in the viability of the idea for potential commercialization. Finalists may be notified by phone, email or mail, in the Administrator’s discretion. Finalist may be asked to verify eligibility as a condition to being selected as a Finalist.
- Update Applications
- 14-Mar-2016 09:00 AM to 29-Apr-2016 11:59 PM
- Judging
- 30-Apr-2016 Midnight to 08-May-2016 11:59 PM
Times are in EDT (-0400)
NEW VENTURES CHALLENGE 2016 powered by Flywheel
Welcome, Flywheel New Ventures Challenge 2016 participants. If you have not logged in before, please click the REGISTER button and follow the instructions. If you have already registered, please log in using your e-mail address and password.
FOR MORE INFORMATION ON THE CHALENGE, INCLUDING TERMS AND CONDITIONS CLICK HERE.
THE CHALLENGE STATEMENT
The New Ventures Challenge 2016 startup competition is accepting applications from formative and early-stage entrepreneurial companies with web and mobile software, hardware or device innovation ideas.
The challenge is broad based and will consider any ideas in the categories of Business or Consumer Software Development and Applications, IT and Informatics, High Technology, and Device Innovation. The New Ventures Challenge 2016 has particular interest in ideas that intersect with the following domains:
- Digital health
- Medical devices
- 3-D printing applications and systems
- Wellness tech
- Financial and Insurance tech
- Advanced textiles (especially those intersecting with biomed and nanotech)
- Wearable tech
- IOT microelectronics and software
- Logistics and supply chain management systems and technologies
- Aerospace systems and design
- Arts entrepreneurship
- Social innovation
In addition to pre- and post-revenue startup teams and companies, student teams from accredited higher education institutions are encouraged to apply. Refer to eligibility requirements for more information.
AWARDS
Selected from the pool of applicants, up to eight teams will be deemed winner and be accepted into the Flywheel New Ventures Accelerator and awarded the following cash prizes as the first tranche of an average $50,000 investment per team:
$35,000 first prize
$15,000 second prize
$10,000 third prize
$5,000 for up to five runner-ups
A portion of the proceeds will be used for occupancy costs and fees. Additional investments will be based on milestone achievement as teams progress through the accelerator. The awards will be announced at an award ceremony at the conclusion of the challenge.
CLICK HERE FOR ADDITIONAL DETAILS, ELIGIBILITY REQUIREMENTS AND TERMS AND CONDITIONS.
FOR A COPY OF THE SAMPLE NEW VENTURES 2016 TERM SHEET CLICK HERE.
CLICK HERE TO DOWNLOAD THE APPLICATION QUESTIONS IF YOU WISH TO PREPARE RESPONSES OFFLINE AND THEN COPY AND PASTE INTO THE LIVE APPLICATION FIELDS.
