Office of Business Opportunity

Liftoff Houston Business Plan Competition

 

Liftoff Houston

Welcome!
Enter the 2014 Liftoff Houston Business Plan Competition

 

 

Liftoff Houston, the City of Houston's 2nd annual business plan competition is coming up! 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.

 

This year there will be three award categories: Product, Service, and Innovation.

 

  1. ​$10,000 – Awarded for top “Product” Based Business Plan (Retail, resale, merchandise, etc.)
  2. $10,000 – Awarded for top “Service” Based Business Plan (Food, labor, consulting, etc.)
  3. $10,000 – Awarded for top “Innovation” Based Business Plan (Software, Hardware, inventions, new market businesses, etc.)

 

A winner from each award category will receive $10,000 cash prize along with in-kind prizes.

 

Mandatory orientations will be given to provide interested individuals with detailed information about the competition including rules, resources, and the process to compete. Multiple sessions of the orientation will be offered at designated Houston Public Library locations citywide.

 

WHEN?
Timeline of Competition
1. RSVP for Orientation Session:            June 11, 2014 - July 31, 2014
2. Orientation*:                                       July 12, 2014 – July 31, 2014

*Applicants cannot submit an application without having attended the Orientation.
*Orienation RSVP's are hosted by Eventbrite and are linked to the orienation list below.


Central Library - 500 McKinney, 77002    
Date:     Saturday, 7/12
Time:     10:30 a.m. – 12:30 p.m.
TO RSVP CLICK HERE
 
Shepard Acres Homes Neighborhood Library – 8501 West Montgomery, 77088
Date:     Wednesday, 7/16
Time:     11:30 a.m. – 1:30 p.m.
TO RSVP CLICK HERE
 
Vinson Library– 3810 West Fuqua, 77045
Date:    Thursday, 7/24
Time:    5:30 p.m. – 7:30 p.m.
TO RSVP CLICK HERE
 
Park Place Regional Library – 8145 Park Place Blvd, 77017
Date:     Monday,  7/28
Time:     5:30 p.m. – 7:30 p.m.
TO RSVP CLICK HERE
 
Robinson-Westchase Neighborhood Library – 3223 Wilcrest, 77042
Date:     Saturday,  7/26
Time:     10:30 a.m. – 12:30 p.m.
TO RSVP CLICK HERE
 
Central Library - 500 McKinney, 77002    
Date:     Thursday, 7/31
Time:     11:30 a.m. – 1:30 p.m.
TO RSVP CLICK HERE


3. Application Due:                                       August 1, 2014
4. Workshops:                                              August 2, 2014 - October 18, 2014
5. Mentor Consults:                                      August 9, 2014 - October 20, 2014
6. Business Plan Due:                                  October 20, 2014
7. Business Pitch/Award Ceremony:           November 15, 2014

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!
 
WHERE?
The competition will be held at designated Liftoff Houston Locations.

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?
You must first RSVP and attend a orienation. You can RSVP by clicking on the desired orientation from the list of orientations provided above under "WHEN"

WORKSHOP SERIES
Liftoff Houston offers workshops series to non competing individuals to help create a business plan and start their business! Liftoff Houston contestants are given priority when registering for the workshops.
 Participants are required to RSVP for individual workshops to liftoffhouston@houstontx.gov

CONTACT
Liftoff Houston/ Houston Business Solutions Center
611 Walker St, Lobby
Houston, TX 77002
Telephone: 832-393-0954
liftoffhouston@houstontx.gov

A City of Houston Program