2017 Fisher Innovation Challenge
Submission Deadline04/17/2017
Description

Welcome to the 2017-2018 Fisher Innovation Challenge (FIC). We appreciate your interest in participating in this year’s event, hosted by the Wyoming Technology Business Center (WTBC) in partnership with the College of Engineering and Applied Sciences (CEAS). The FIC is a technology product and innovation competition.

The Fisher Innovation Challenge launched in the Spring of 2016 and is supported through the generous financial gift of Mr. Donne Fisher, matched by the University of Wyoming Office of Research and Economic Development. The FIC seeks to catalyze Wyoming technology start-up businesses and provide the opportunity to apply for seed money to take the business past concept stage and into real-world first article builds and initial sales. The competition will identify finalists who will be eligible to apply to a $100,000 seed fund.

The FIC is for new, independent businesses in the seed, start‐up, or early growth stages that are focused on technology and/or innovation. Generally excluded are the following: buy-outs, expansions of existing companies, real estate syndications, franchises, online retail, brick and mortar retail, licensing agreements for distribution in a different geographical area, and spin-outs from existing corporations. Licensing technologies from University of Wyoming research labs is encouraged, assuming they have not been commercialized previously.

In all cases, WTBC recommends at least a preliminary meeting with a WTBC staff member prior to the application deadline. Overall, counsel from WTBC or outside advisors is strongly advised throughout the process of the FIC.

Rules

Eligibility Details:

The FIC is for student-created and -managed ventures, including new ventures launched by licensing university technology. 

  • Submissions may be entered by individuals or teams (up to 5 members)
  • Each team may enter only one idea.
  • A single individual cannot be the sole qualifying student for two teams.
  • Final approval of eligibility is reserved for the judging committee.
  • Teams must have at least one UW student (with student ID) having principal involvement in the venture, but other team members can come from UW faculty/staff ranks or outside the university. 
  • Currently registered UW students include all full-time and part-time undergraduate and graduate students.

Students are expected to:

  • Be the driving force behind the new venture,
  • Have played the primary role in developing the business model,
  • Have key management roles in the venture, and
  • Own significant equity in the venture. 
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