Starting in January 2013, the 6th annual Inno/Vention Competition is combining with the EIA's SparkStart Competition to be bigger and better than ever before. We need smart, innovative, and entrepreneurial people like you to be there, competing for more than $40,000 in prizes.
The judges have picked all the teams for the prototyping phase of the 2013 Inno/Vention Competition…except for one. Check out the teams that are still in the running and help pick the People's Choice Award Winner.
Winners of the SparkStart stage will receive a cash prize of $500 to support their Prototyping efforts. Teams are not accountable for the spending of the award but it is encouraged that the funds should go to building a working prototype. An additional $250 will be made available by request of the team with the approval of both their faculty mentor and the Inno/Vention Project Manager as a reimbursed check.
Winners receive a $500 credit for additional prototyping efforts when they are chose to advance into the Demo Day Stage. Teams are eligible to be reimbursed up to $500 on activities and purchases approved by their faculty mentor and the Inno/Vention Project Manager.
A prize pool for up to $22,600 is available for the 6 teams that present. Judges decide winners in each category for hardware and software. All teams are eligible for prizes but only the top 4 teams are guaranteed a prize. 3rd Place prizes are awarded at the discretion of the judges. Top teams are also awarded Summer Tenancy at the incubator and a guaranteed spot in the
Summer Incubation Program
The bottom 4 teams are seeded into final interviews for the Summer Incubation Program.
Submissions are evaluated by a jury of influential investors and business executives based on their potential impact, feasibility, and patentability. But this is not a business plan competition, it is a space for innovative thinkers to get hands-on experience developing ideas, prototyping products, and pitching investement opportunities to seasoned professionals.