The Tufts $100k New Ventures Competition
deadline for submissions is
extended to February 1st at midnight EST.
To prepare your entry, please be ready to enter the information related to the following questions into the submission platform. Submissions do not require a full business plan at this time. Selected finalists will be required to submit a full business plan prior to the competition.
You can apply to multiple competitions with one application including the the $100k New Ventures Competition, The Stephen and Geraldine Ricci Interdisciplinary Prize, the AARP Foundation Prize, and the Tufts Energy Conference Competition. Individuals may apply for one or all three competitions/prizes assuming their business meets all the necessary qualifications. You will also be asked to indicate if you are interested in applying for accelerator space at Tufts.
SAMPLE APPLICATION: Tufts 2017 $100k New Ventures Competition
I would like my business to be considered for the following competition/prizes:
• Tufts $100k New Ventures Competition
• The Stephen and Geraldine Ricci Interdisciplinary Prize
• AARP Foundation Prize
• Tufts Energy Conference Competition
Name of idea: ______________
Logo upload: If you have a logo for your business, please upload it here.
Tweet-able description of your idea:_____________________
With what industry does your venture most closely align? (Select one.)
• Social Impact
• Life Science/Medical
• General / High Tech
Additional industry details (Select all that apply.)
• Energy / Clean Tech: General; Efficiency; Generation; Storage and/or Transmission
• General: Aerospace; Design; Entertainment & Media; Food, Beverages & Restaurants; Manufacturing; Materials; Other – Services; Retail and/or Transportation & Logistics
• Healthcare/ Life Sciences: General; Diagnostics; Healthcare; Healthcare Delivery; Marine Technology;Medical Devices; Therapeutics (Pharma); Veterinary; Dental and/or Nutrition
• High Tech: General; Enterprise Software; Gaming & Consumer; Hardware & Robotics; Internet & Web and/or Telecommunications & Mobile
• Social Impact: General; Education; Environment; Peace & Human Rights and/or Public Health
Please describe the market opportunity or problem you are solving. (50 words)
Describe your solution. (50 words)
Video Link: Use a video to tell us what’s compelling about your idea and how it is going to make a difference. Please keep the video less than 2 minutes. We are interested in the content of the video, not the production value. Your cell phone is fine for recording purposes. Looking for help? Tisch Digital Design Studio offers services in video design and production and has two members on staff to help with video production. (Note: The video is optional for all $100k entrants. If you are entering the Stephen and Geraldine Ricci Interdisciplinary Prize then submitting a video is mandatory as part of the application. See additional details regarding video submissions.)
How long have you been working on this idea?
• 0-3 months
• 4-6 months
• 6-12 months
• 1 year +
• I just thought of it 10 seconds ago
What skills/expertise does your team have that uniquely positions you to be successful with this idea? (100 words)
Are you for profit or non-profit?
• For profit
If you’re a for-profit company, how do you plan to make money? If you’re a non-profit, what’s your funding model? (50 words)
What’s your revenue to date?
• Early revenue & customers
Have you received any funding to date? (Select all that apply.)
• University funded/grants
• Angel funding
• We just sold to Google for $500M
• Venture capital
How much funding have you received? ________
In what stage is your company/non-profit currently?
Approximately how big is the market you’re targeting in terms of customers? (100 words)
Who are your competitors? (100 words)
What traction do you already have? (Users, trials, data.) (50 words)
What impact will this have? (100 words)
What is innovative about this approach? (150 words)
What are the key risk factors to the business as you explore this opportunity? (100 words)
What metrics will you use to define success? (150 words)
What IP (Patents, Trademarks, Copyrights) or other forms of defensibility do you have for your business?(Consider licenses, contracts, and exclusive relationships.) (150 words)
What technical steps need to be achieved? (150 words)
Is there anything else you would like to tell us in support of the application that might help the judges? (150 words)