Applications for the competition will be open until January 31, 2022. In February, UTSA will announce the invited teams. The in-person competition will take place April 13-15, 2022.
The competition is open to undergraduate and graduate students from around the world who are running new, independent, for-profit start-ups, start-ups or early-growth companies with a sustainable revenue model.
The teams will compete for substantial cash prizes, with $ 50,000 for the first place team, $ 30,000 for the second place team, $ 20,000 for the third place team and $ 10,000 for the second place team. a “best of the show” category voted on by the students.
This new competition was made possible thanks to a donation of one million dollars to UTSA by Timothy and Melissa Draper. Timothy Draper is a third generation venture capitalist and the founder of Draper University. Its investments in Skype, Tesla, SpaceX, Hotmail, Twitch, Robinhood and many more have built its reputation as a world-renowned technology investor.
“Business plan competitions are the main driver for brilliant ideas to be recognized and receive funding to take them to the next level,” said Randolph Quinn, Executive Director of UTSA Student Innovation and Entrepreneurship. “We expect to see innovative and disruptive ideas to come from student entrepreneurs around the world who understand the potential of data science. “