Tag Archives: competition

City of Houston Announces “Liftoff Houston” 2017 Start Up Business Plan Competition

Capital One Bank Sponsors Business Plan Competition – Celebrating Fifth Year

The City of Houston and Capital One Bank are pleased to announce the 2017 launch of the “Liftoff Houston” Start Up Business Plan Competition; a program that is helping to launch new businesses today, for a better Houston tomorrow!
 
Mayor Sylvester Turner announced the 2017 program on Wednesday, June 7, 2017. Sponsored by Capital One Bank in partnership with the Houston Public Library (HPL) and the Office of Business Opportunity (OBO), “Liftoff Houston” is a start-up business plan competition that engages and empowers Houstonians seeking to start a new business in Houston by providing them with access to essential information, resources and the support necessary to develop a sound business plan toward realizing their goal.
 
In its fifth year, Liftoff Houston has helped to educate thousands of individuals seeking information on how to start and sustain their business, supported the launch of new businesses, and provided over $120,000 in cash awards and incentives to those businesses. This year’s program will build on past successes to include more opportunities to showcase previous winners and finalists, encourage program participation and completion and engage the general public. Added program activities such as a Winners Panel and mixer featuring past competition winners, additional business plan and pitch coaching, cash incentives for business plan completion and fan favorite selections, and live streaming of key events are just some ways this will be accomplished.
 
Houston was recently named “Best City in America” for minority business owners by the Expert Market Group and the Liftoff Houston Start Up Business Plan Competition is an excellent example of how the City of Houston and key stakeholders such as Capital One Bank are working collaboratively to foster an environment that helps all Houstonians achieve their goal of business ownership.
 
“Houston is a city of economic opportunity. Liftoff Houston! is an opportunity for all Houstonians who are considering starting a business but may need that extra push to get started. I am grateful to our partners and Capital One Bank for continuing to invest in our small business community and I am inviting all interested Houstonians to participate.” stated Mayor Sylvester Turner.
 
To be eligible, applicants must have a for profit business that is less than a year old, has earned less than $10,000 in revenue, is operated and have owners who live within the Houston city limits. The top three finalists will receive much needed capital to invest in their business. Capital One Bank is providing cash prizes totaling $30,000 to the top three winning business plan submissions in the categories of Product, Service and Innovation.  Prizes of $10,000 will be awarded for each category.
 
Entering the “Liftoff Houston” 2017 Business Plan Competition is easy and free. Application submissions open Wednesday, June 7, 2017, at 11 AM. All interested parties are required to complete and submit the application no later than 2 PM, Friday, July 5, 2017. To learn about the competition or to apply, visit www.Liftoffhouston.com or call 832-393-0954.
 
The competition is five months long and is divided into four stages that include: orientation, workshops, mentoring, and business pitching. The workshops will be offered at various Houston Public Library locations and other local entities citywide, with special emphasis on locations targeted in the Mayor’s Complete Communities neighborhoods.
 
“Capital One Bank is proud to once again sponsor the Liftoff Houston Competition,” said Jim Nicholas, Houston Market President for Capital One Bank. “Small business owners want solutions that make it easier for them to grow and manage their businesses. Through our product and services, and through our support of programs including Liftoff Houston, Capital One develops innovative solutions to help them succeed.”
 
Startup businesses contribute significantly to the economic viability of our City and the Houston Public Library is proud to play an important role in helping to support their development through Liftoff Houston”, stated Dr. Rhea Brown Lawson, Director, Houston Public Library.
 
“The Liftoff Houston Business Plan Competition is an excellent forum for aspiring entrepreneurs to gain invaluable knowledge and get insights on how to successfully manage and grow their startup businesses.  The Office of Business Opportunity is proud to support these businesses in their development.,” said Carlecia D. Wright, Director, Office of Business Opportunity.
 

City of Houston Announces Business Plan Competition for Women

The City of Houston’s Office of Business Opportunity, Small Business Administration of Houston and the Houston Community College System partner locally to provide training opportunities for women interested in participating in the InnovateHer Business Plan Competition for a chance to win $40,000.

Women entrepreneurs have been critical to growing businesses and creating jobs in Houston. Women entrepreneurs can be seen in the medical field, information technology and in the construction industry. Locally the City of Houston’s Office of Business Opportunity is pleased to partner with Houston Community College and the SBA to provide training opportunities so that women entrepreneurs in the Houston area are given the chance to compete nationally for a chance to win cash prizes to launch their businesses. The InnovateHer competition is open to any women who has an idea to impact the lives of women and families.

Criteria: Contestants must develop a product or service that meets the following requirements:

Has a measurable impact on the lives of women and families
Has the potential for commercialization and
Fills a need in the marketplace
Must be a citizen or permanent U.S. resident who is at least 18 years of age
Must maintain a primary place of business in the U.S.

To learn more about the competition and the trainings available in the Houston area interested contestants can visit www.hccs.edu/innovateher

Enter Now: Liftoff Houston Business Plan Competition

Liftoff Houston is the City of Houston’s annual business plan competition. This entrepreneurial initiative aims 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 5 month period. Applicants will participate in a myriad of workshops ranging from business plan basics to access to 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.

The award categories are 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.)
Competition Cycle

Launch of Competition
Applications
Orientation
Workshop Sessions
Mentor Consults
Business Plan Judging
Pitch Day/Award Ceremony
WHEN

The 2015 competition launched July 1, 2015!

WHERE?
The competition 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 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?
Apply for the competition by clicking the “APPLY” button below to an account on the Liftoff Houston Competition website and complete the Liftoff Houston Application.

Click here to apply.