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Liftoff Houston Enterprise Plan Competitors

Liftoff Houston Enterprise Plan Competitors

Workplace of Enterprise Alternative

Liftoff Houston Press Launch

Mayor Turner Launches tenth Annual Liftoff Houston Startup Enterprise Plan Competitors

July 27, 2022 — Purposes at the moment are open for the Liftoff Houston Startup Enterprise Plan Competitors, the place three winners will every obtain $10,000 in seed cash to fund their desires of entrepreneurship. Purposes should be obtained by 2 p.m. on Friday, Aug. 19.

The competitors, which celebrates its tenth anniversary this yr, is sponsored by Capital One Financial institution and administered by the Houston Public Library (HPL) and the Workplace of Enterprise Alternative (OBO). Since its inception, Capital One has invested greater than $280,000 in startup funding to winners in three classes – Innovation, Product and Service.

“For 10 years, Liftoff Houston has empowered individuals to realize monetary mobility by way of entrepreneurship,” mentioned Mayor Sylvester Turner. “They’ve develop into key drivers to the success of Houston’s financial system, and so they have contributed to our communities by creating jobs and by offering a lot wanted items and providers.”

To be eligible for the competitors, candidates should dwell in, and function their companies inside the metropolis limits of Houston. The enterprise ought to be for-profit, in operation for lower than one yr, and have verifiable income that doesn’t exceed $10,000. Those that aren’t eligible to compete can take part within the Instructional Pathway, which permits entry to all instructional and mentorship parts of this system.

Upon acceptance into Liftoff Houston, individuals attend workshops over a 4-month interval that cowl important enterprise subjects together with enterprise planning, advertising and marketing, financing and pitching. Individuals additionally obtain extra assist by skilled mentors from SCORE Houston and Capital One Financial institution to additional refine their enterprise plans, that are required to advance to the ultimate spherical of the competitors.

The occasion culminates to Pitch Day on Nov. 5, the place three companies in every contest class are chosen to current their marketing strategy to a panel of judges. All who fulfill necessities of the Instructional Pathway obtain a certificates of completion.

Liftoff Houston Enterprise Plan Competitors

Mayor Sylvester Turner, joined by HPL Deputy Director Nicole Robinson, Capital One Financial institution Market President Yasmin Huebinger, and OBO Director Marsha Murray, acknowledged Liftoff Houston alumni who’ve grown their companies previous the startup section: 2019 Service Class winner Sherhara Downing of SpeakHaus and enterprise associate Christa Clarke, 2016 Service Class winner Jennifer Thai of Superior Bites Co., and 2018 Innovation Class winner Alphonso Roundtree of Social Bevy.

“This yr’s milestone competitors will show to be one other thrilling yr of alternative for Houstonians who’re prepared to maneuver their plans of enterprise possession ahead,” mentioned Dr. Rhea Brown Lawson, director of the Houston Public Library. “We’re happy to affix OBO, Capital One and a bunch of different companions in supporting their growth and desires by way of the availability of free library providers and entry to enterprise and funding reference assets, cutting-edge know-how, and high-speed Wi-Fi.”

Since its inception, greater than 15,000 people have participated in Liftoff Houston. Of all competitors finalists, 27 winners have began companies in retail, merchandise, labor, consulting, software program, {hardware}, market companies, hospitality, tourism, well being and health, training, finance, know-how, and logistics.

Knowledge collected from the 2021 competitors confirmed Liftoff Houston made an impression in populations which were traditionally marginalized. Of all individuals, 96% recognized as individuals of coloration, 70% had been feminine, 56% had no school diploma, and 41% made beneath $30,000.

Additionally in 2021, all winners had been girls:

  • Alina Kravchenko of TonerBum (Innovation), a patented glute and leg-toning dumbbell ergonomically designed to suit behind the again of the leg;
  • Krystle Hodge of SafetyKay, LLC (Product), comprising security kits and movies that train kids crucial security abilities; and
  • Clara Orlean of ClaraTech (Service), in-person know-how coaching that assists older adults with know-how consulting periods and workshops.

“As we have fun a decade of Liftoff Houston, we sit up for making a fair larger impression for Houston’s aspiring entrepreneurs,” mentioned OBO Director Marsha Murray. “This competitors will offer you a transparent roadmap that will help you obtain your targets of succeeding as a small enterprise proprietor.”

To use for Liftoff Houston, go to www.liftoffhouston.com. Additionally comply with @liftoffhouston on Fb and Instagram.