2. Submit the application form by the respective deadline.
Innovation Challenge: The Minute Pitch (Oct. 24, 2018, open to an audience) applications opens Oct. 1 | application due Oct. 15, 11:59 p.m.
Innovation Challenge: The Seed Pitch (Nov. 28, 2018, closed door) applications open Oct. 29 | application due Nov. 14, 11:59 p.m.
Innovation Challenge: The Semifinal (Feb. 27, 2019, closed door) applications open Dec. 3 | application due Feb. 15, 11:59 p.m.
Innovation Challenge: The Final (April 4, 2019, open to an audience) Competitiors are selected by the judges during The Semifinal.
The application form will be used to confirm eligibility of the team members, advisor(s) and technology. Innovation Challenge organizers reserve the right to disqualify any team, at any time, for not meeting the below terms and conditions.
Each team must meet and agree to the following eligibility requirements in order to compete in any stage of Innovation Challenge:
At least one team member must be an active UMass Amherst student (any level) or recent UMass Amherst alumnus (graduating within the last three years)
Team members are restricted to participation in a single team.
Ventures who previously competed in Innovation Challenge: The Final and didn't win funding are still eligible to compete in any stage.
Ventures who previously competed in Innvoation Challenge: The Final and won funding are no longer eligibe to compete in any stage.
Secured Capital Arrangements
The amount and source of secured capital arrangements must be clearly identified and disclosed to the Berthiaume Center and must be included in your application.
Teams with funding in excess of $250,000 from sources outside of its own members are not eligible to compete.
If at any time during the competition a team receives funding from sources outside of its own members that puts them in excess of the allowed $250,000, they will be disqualified.
Qualifying Ideas and Ownership of Concept/Technology
All team members must certify that all work submitted via application is ORIGINAL to the team.
The team leader does not need to be the owner of the idea, concept, or technology but the owner(s) must authorize use and public disclosure of the technology/idea in the Innovation Challenge.
Ventures (at least one team member) must be present for judging and awards or risk forfeiting prize.
Funding will be disbursed in accordance with University policies and may be subject to state and federal taxes. No other disbursement arrangements will be made.
All team members must sign the "Prize Agreement Form" prior to competing.
Winning teams should acknowledge support from the Innovation Challenge (just as funding agencies require acknowledgement).
Teams must claim their prize funding within 12 months, or it will be forfeited.