Liftoff Houston Enterprise Plan Competitors

Workplace of Enterprise Alternative

Liftoff Houston Press Launch

Mayor Turner Launches tenth Annual Liftoff Houston Startup Enterprise Plan Competitors

July 27, 2022 — Functions are actually open for the Liftoff Houston Startup Enterprise Plan Competitors, the place three winners will every obtain $10,000 in seed cash to fund their desires of entrepreneurship. Functions have to be obtained by 2 p.m. on Friday, Aug. 19.

The competitors, which celebrates its tenth anniversary this 12 months, is sponsored by Capital One Financial institution and administered by the Houston Public Library (HPL) and the Workplace of Enterprise Alternative (OBO). Since its inception, Capital One has invested greater than $280,000 in startup funding to winners in three classes – Innovation, Product and Service.

“For 10 years, Liftoff Houston has empowered members to attain monetary mobility by entrepreneurship,” mentioned Mayor Sylvester Turner. “They’ve change into key drivers to the success of Houston’s economic system, they usually have contributed to our communities by creating jobs and by offering a lot wanted items and companies.”

To be eligible for the competitors, candidates should stay in, and function their companies inside the metropolis limits of Houston. The enterprise must be for-profit, in operation for lower than one 12 months, and have verifiable income that doesn’t exceed $10,000. Those that are usually not eligible to compete can take part within the Instructional Pathway, which permits entry to all instructional and mentorship elements of this system.

Upon acceptance into Liftoff Houston, members attend workshops over a 4-month interval that cowl important enterprise subjects together with enterprise planning, advertising and marketing, financing and pitching. Contributors additionally obtain extra assist by skilled mentors from SCORE Houston and Capital One Financial institution to additional refine their enterprise plans, that are required to advance to the ultimate spherical of the competitors.

The occasion culminates to Pitch Day on Nov. 5, the place three companies in every contest class are chosen to current their marketing strategy to a panel of judges. All who fulfill necessities of the Instructional Pathway obtain a certificates of completion.

Mayor Sylvester Turner, joined by HPL Deputy Director Nicole Robinson, Capital One Financial institution Market President Yasmin Huebinger, and OBO Director Marsha Murray, acknowledged Liftoff Houston alumni who’ve grown their companies previous the startup part: 2019 Service Class winner Sherhara Downing of SpeakHaus and enterprise accomplice Christa Clarke, 2016 Service Class winner Jennifer Thai of Superior Bites Co., and 2018 Innovation Class winner Alphonso Roundtree of Social Bevy.

“This 12 months’s milestone competitors will show to be one other thrilling 12 months of alternative for Houstonians who’re prepared to maneuver their plans of enterprise possession ahead,” mentioned Dr. Rhea Brown Lawson, director of the Houston Public Library. “We’re happy to hitch OBO, Capital One and a number of different companions in supporting their improvement and desires by the supply of free library companies and entry to enterprise and funding reference assets, cutting-edge expertise, and high-speed Wi-Fi.”

Since its inception, greater than 15,000 people have participated in Liftoff Houston. Of all competitors finalists, 27 winners have began companies in retail, merchandise, labor, consulting, software program, {hardware}, market companies, hospitality, tourism, well being and health, training, finance, expertise, and logistics.

Information collected from the 2021 competitors confirmed Liftoff Houston made an affect in populations which were traditionally marginalized. Of all members, 96% recognized as individuals of coloration, 70% have been feminine, 56% had no faculty diploma, and 41% made under $30,000.

Additionally in 2021, all winners have been girls:

  • Alina Kravchenko of TonerBum (Innovation), a patented glute and leg-toning dumbbell ergonomically designed to suit behind the again of the leg;
  • Krystle Hodge of SafetyKay, LLC (Product), comprising security kits and movies that train kids important security abilities; and
  • Clara Orlean of ClaraTech (Service), in-person expertise coaching that assists older adults with expertise consulting periods and workshops.

“As we rejoice a decade of Liftoff Houston, we sit up for making an excellent larger affect for Houston’s aspiring entrepreneurs,” mentioned OBO Director Marsha Murray. “This competitors will give you a transparent roadmap that can assist you obtain your targets of succeeding as a small enterprise proprietor.”

To use for Liftoff Houston, go to www.liftoffhouston.com. Additionally observe @liftoffhouston on Fb and Instagram.

http://houstontx.gov/obo/liftoffhouston20220727.html

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