EUREKA! Ventures Competition Series

Every year, the Baker Institute’s EUREKA! Series of student competitions seeks proposals with the potential to make a positive impact through the pursuit of innovative thinking and sustainable business models. These competitions give undergraduates and graduate students, faculty, staff, and alumni the opportunity to work together to turn innovative ideas into real enterprises  . . .  creating economic and social value. Winners receive awards in cash and in-kind prizes that help them launch or expand their ventures.

All proposals must include at least one team member who is an undergraduate or graduate student enrolled in a degree-seeking program at Lehigh during the academic year of the competition. That student must both originate and lead the startup/project team.  Alumni, faculty, and staff may participate in ventures with students or may offer their expertise as mentors or domain experts to student startups. Students participating in more than one startup proposed to the EUREKA! Competitions, may only be a majority stake-holder in one.

Dates for 2014-2015:

  • October 10 – November 10: Proposal development coaching by request (email inentin@lehigh.edu)
  • November 10: Completed proposals due
  • November 10-14: Review process/judging begins
  • November 17: Finalists notified and asked to complete second round questions
  • November 18-21, 2014: Finalist interviews
  • November 24: Winners announced
  • April 2015: Winners honored at Innovate! Celebrate! Awards Dinner

What You’ll Need to Prepare

Business Summary
By filling out an application on Gust.com (application link to be available soon), you will create a business summary of the business and technical aspects (if any) of the venture idea and in the case of social ventures, the social impact; and briefly communicate the student entrepreneur’s or team’s ability to execute and succeed in the venture. Key questions will be about: Business Idea, Problem, Solution, Customer, Business Model, Competition, and Competitive advantage. You will create a profile on the site and can upload a 1-minute video pitch (suggested).

Semi-Finalist Proposal
Semi-finalists will be chosen from among the applications. Semi-finalists will log back in to their profiles and have 2 days to answer additional questions. There is an option to upload supporting documents as a way to provide more details which the panel may review. The economic and technical feasibility of your product, service or solution, market opportunities and competition, team qualifications, and overall attractiveness of venture will be reviewed.

Finalists Interviews
Those chosen as finalists by panel of judges will be interviewed (by appointment). Interviews consist of a 5-minute pitch and 15-minute Q&A.http://baker.sites.lehigh.edu/wp-admin/post.php?post=86&action=edit&message=1

More Information
Lehigh University’s Baker Institute for Entrepreneurship, Creativity and Innovation provides winners with a  variety of resources, from mentoring and funding to assistance in the form of incubator space, boot camps, internships, coursework, facilities, and an impressive infrastructure. Cash prizes range from $250 – $5,000. Examples of non-cash prizes include coworking space in student incubator on campus, semi-private office space in Ben Franklin TechVentures, and a funded Integrated Product Development (IPD) project.

I’ve won an award. What’s next?

EUREKA OVERVIEW AND RULES (please download and keep on file – you will be required to agree to the terms in your application)

APPLY HERE (applications may be edited until November 10 at 11:59pm – application coming soon)

For more information about the EUREKA! Ventures Competition Series, contact Lisa Getzler-Linn, Baker Institute senior director of programs and operations, at lig4@lehigh.edu or (610) 758-4620.

2013-14 WINNERS

EUREKA! in the News


 

 

Our Vision and Promise
When creativity, innovation and entrepreneurship are taught together ideas take shape; ideas when properly nurtured can lead to discovery, value creation, and a better tomorrow for all.