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Liftoff Houston Business Plan Competition

business opportunity office

Liftoff Houston press release

Mayor Turner Hosts 10th Annual Liftoff Houston Startup Business Plan Competition

July 27, 2022 — Applications are now open for the Liftoff Houston Startup Business Plan Competition. In this competition, three winners will each receive $10,000 as seed his money to fund their entrepreneurial dreams. Applications must be received by 2:00 pm on Friday, August 19th.

Celebrating its 10th anniversary this year, the competition is sponsored by Capital One Bank and administered by the Houston Public Library (HPL) and the Office of Business Opportunity (OBO). Since its inception, Capital One has invested more than $280,000 of his start-up capital in his three category winners of innovation, products and services.

“For a decade, Liftoff Houston has empowered participants to achieve economic mobility through entrepreneurship,” said Mayor Sylvester Turner. We have contributed to our community by creating and providing much-needed goods and services.”

To be eligible to participate in the Contest, applicants must reside and operate within the city limits of Houston. The business must be for-profit, have been in operation for less than one year, and have no more than $10,000 in verifiable revenue. Those who are not eligible to compete may participate in the Educational Pathway, which provides access to all educational and mentorship components of the program.

Once approved to attend Liftoff Houston, participants attend four months of workshops covering key business topics such as business planning, marketing, fundraising and pitching. Entrants will receive additional support from professional mentors from SCORE Houston and Capital One Bank to further refine their business plans necessary to advance to the final round of the competition.

The event culminates in Pitch Day on November 5th, when three companies from each competition category are selected to present their business plans to a panel of judges. All those who meet the Educational Pathway requirements will receive a certificate of completion.

Liftoff Houston press conference photo

Mayor Sylvester Turner, HPL Deputy Director Nicole Robinson, Capital One Bank Market President Yasmin Hubinger and OBO Director Marsha Murray attended to recognize Liftoff Houston alumni who have grown their businesses past the start-up phase. My partner girlfriend Christa Clarke, 2016 Service category winner Jennifer Thai of Awesome Bites Co. and 2018 Innovation category winner Alphonso Roundtree of Social Bevy.

“This year’s milestone competition will be an exciting opportunity for Houstonians ready to advance their business ownership plans,” said Dr. Rhea Brown-Lawson, Director of the Houston Public Library. says. “Together with OBO, Capital One and many other partners, we are able to support their development and dreams through the provision of a free library of his services, business and investment reference resources, cutting-edge technology and access to high-speed Wi-Fi. I’m glad to hear that.

Over 15,000 people have attended Liftoff Houston since its inception. Of all the competition finalists, 27 winners have businesses in the fields of retail, goods, labor, consulting, software, hardware, marketplace business, hospitality, tourism, health and fitness, education, finance, technology and logistics. Starting.

Data gleaned from the 2021 Games show that Liftoff Houston has impacted people who have historically been marginalized. 96% of all participants were people of color, 70% were women, 56% had no college degrees, and 41% had less than her $30,000.

Also, all of the 2021 winners were women.

  • Alina Kravchenko from TonerBum (Innovation) is a patented gluteal and leg toning dumbbell ergonomically designed to fit behind the legs.
  • Krystle Hodge of SafetyKay, LLC (Products). Consists of safety kits and videos that teach children important safety skills.When
  • Clara Orlean of ClaraTech (Service) is an in-person technology training that assists seniors with technology consulting sessions and workshops.

“We look forward to making an even greater impact on Houston’s aspiring entrepreneurs as we celebrate Liftoff Houston’s 10th anniversary,” said OBO Director Marcia Murray. “This competition provides a clear roadmap to reach your goal of being a successful small business owner.”

To apply with Liftoff Houston, please visit www.liftoffhouston.com. Also, follow @liftoffhouston on Facebook and Instagram.

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