FAU Tech Runway
FAU TECH RUNWAY's
Launch Competition
 

2021 Launch Competition FAQs

When do applications open?   

Friday, Jan. 29, 2021 at 5 p.m. EST

When do applications close?   

Friday, March 12 at 5 p.m. EST

Am I able to edit my application after it’s been submitted?   

Yes, once you have created an account and saved your information, you are able to edit your application up until the application close date.

Which documents are required during application process?   

An executive summary is required.

A pitch deck (PowerPoint Presentation), a financial forecast (3 to 5 year projections) and business plan are not required but recommended. Check out our resources page for more information here.

Do I need to be local/regional to participate in the program?   

Company must be based in the state of Florida and willing to participate in person at the FAU Tech Runway facility in Boca Raton, FL, for all required program activities.

Do I need to be affiliated with FAU to participate?   

No.

Does my company need to be incorporated?   

All Launch Competition participants must be formally established (e.g., registered as a corporation or LLC with the State of Florida and/or Delaware) and in good standing to be eligible to enter the Venture Program and, if applicable, receive the cash prize.

For information on incorporating your company CLICK HERE.

Do all of my company's founders need to be located in Florida?   

No, but at least one of the founders must be located in Florida.

What are some of the benefits my company receives if I win a slot in the Launch Competition?   

Click here for an overview of the benefits.

Can you please explain how the judging rounds work?   

There are two rounds of judging:

Round 1: Scoring

  • The first round is completed within the platform you submitted your application within. All completed applications will be reviewed by scorers who are experts in their fields. The top scores will then advance to the second round of judging...

Round 2: Live Pitch in front of Panel of Judges

  • The top scored applications will be invited to pitch live in front of a panel of elite representatives from the following groups: professional investors, business leaders, serial entrepreneurs, FAU’s Division of Research Senior Staff, incubator/accelerator managers, entrepreneurial support program professionals, FAU Tech Runway Mentors and Advisory Board Members, FAU Faculty, Launch Competition Sponsors, and top-tier Service Providers to the entrepreneurial community.
  • The top 7 winners will receive the cash investment award. Non-cash winners will also be selected during this time.

Can I get mentoring help without being accepted in the program?   

No, currently we only provide mentoring to the companies that are accepted into the program.

I need help with writing my business plan. Do you have any resources to assist?   

Yes, please refer to the Launch Competition resource page here.

How many companies does Tech Runway take into the program each year?   

FAU Tech Runway accepts at least 21 companies each year.

What does Live Pitch encompass?   

All Finalists will be asked to give a live 1-minute elevator pitch, followed by 7 minutes of Q&A with the Judges.

The Final Round Judges' Panel will be composed of elite representatives from the following groups: professional investors, business leaders, serial entrepreneurs, FAU’s Division of Research Senior Staff, incubator/accelerator managers, entrepreneurial support program professionals, FAU Tech Runway Mentors and Advisory Board Members, FAU Faculty, Launch Competition Sponsors, and top-tier Service Providers to the entrepreneurial community.

Can we still be part of the program if we don’t win the cash?   

Yes, if selected you will receive all the other benefits offered.

What is a Pitch Scrub, and is it required?   

Pitch Scrubs are an opportunity for a Finalist to hold a “live” practice pitch prior to submitting their video submission for the Final Round Judges’ Panel. This will also allow companies to troubleshoot any video conferencing issues prior to the Live Judges’ Panel.

It is not a requirement, but highly recommended.

What is the age requirement to apply to the Launch Competition?   

At least one member of the entrepreneur team must be eighteen (18) years of age.

Still have more questions?

Submit your question here.

 

APPLICATIONS ARE NOW OPEN