Texas Tech Innovation Hub is seeking the big ideas

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The following is a news release from Texas Tech University:

Texas Tech University’s Innovation Hub at Research Park is looking for big ideas.

The Innovation Hub’s iLaunch Competition offers a Shark Tank™-like experience: An investor pitch event designed to identify, grow and launch startup companies. 

Participants in the iLaunch program will receive mentoring and templates to submit for the competition. The free program is accepting applications until March 1. Anyone in West Texas can apply here.   

CEO and founder of Hangio, Ayodele Aigbe, is an electrical engineering major at Texas Tech. She said participating in the iLaunch Competition was critical to her startup’s growth.

“iLaunch is a great opportunity to share your idea or startup with the community and get incredibly helpful feedback,” Aigbe said. “It was the launch pad that helped us validate our idea even further, which has helped us propel it into a company. I would recommend others participate because it is a great opportunity to win seed capital and make invaluable connections with other entrepreneurs and mentors.”

Held in conjunction with the “Sparking the Future of Innovation” conference, the top 10 finalists from iLaunch Competition will participate in a lightning-round reception event called “Minute to Pitch It” at 4:30 p.m. April 4 at the Red Raider Ballroom in the Student Union Building. Finalists will have 60 seconds to pitch their idea and the audience will vote for their favorite idea. The winner will take home the $500 People’s Choice Award.

From 9 a.m. to 12:30 p.m. April 5, the public also is invited to the Innovation Hub to watch the iLaunch finalists present their pitch to a real investor panel for a chance to win funding for startup costs: $10,000 will be awarded for first place, $3,000 for second place and $1,000 for third place.

Attendees will see firsthand how startup founders make their pitch and the tough questions investors ask. 

The iLaunch Competition is open to anyone with entrepreneurial aspirations. Those thinking about an idea can join the Spark Conference. Anyone interested in attending can reserve a free ticket by visiting here.

Taysha Williams, program director, Innovation Hub at Research Park, Texas Tech University, (806) 834-2134 ortaysha.williams@ttu.edu

(News release from Texas Tech University)

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