Office of Business Opportunity
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 either must have a developed business idea or have a business in operation for less than one year with revenue of less than $10,000. Contestants 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 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.)
Applications open May 11, 2016 to June 3, 2016 till 2:00PM.
The competition will be mainly held online at www.liftoffhouston.com and the 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 which means they either must have a developed business idea or have a business in operation for less than one year with revenue of less than $10,000. Contestants must live in the Houston city limits with their business in the Houston city limits. Please see competition rules & eligibility for more details on the Liftoff Houston website.
HOW DO I GET STARTED?
Apply for the competition by clicking the “APPLY” button below then create an account on the Liftoff Houston Competition website (www.liftoffhouston.com) and complete the Liftoff Houston Application.
NONCOMPETING PARTICIPANTS ARE WELCOME!
Liftoff Houston offers workshops series to non-competing individuals to help create a business plan and start their business!
This is a City of Houston Program. The competition is a collaborative effort between Office of Business Opportunity, the Houston Public Library, and Capital One Bank, and is designed to engage and empower Houstonians seeking to start a business using the robust resources of the City of Houston. The path to launching your business starts with Liftoff Houston!
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