The Baiada Institute Incubator Competition is designed to help student entrepreneurs and their teams develop their business ideas, receive feedback and mentoring, and compete for cash prizes. It also provides opportunities for networking, brainstorming and development of future entrepreneurial opportunities.
Teams develop their ideas with guidance from business leaders who serve as mentors and judges. Additional assistance is provided through workshops held at the Baiada Institute as well as from faculty and staff at the Close School of Entrepreneurship.
Final round presentations will be held on November 11, 2016 during Drexel Startup Day.
How to Participate
Teams must register a team leader, list team members and enter all plan submissions through the competition website: 2016baiadaincubator.startupcompete.co.
A team can consist of one person, or as many people as needed by the team. The team must designate a team leader, who must be a degree-candidate student at Drexel University or recent graduate (graduated no earlier than June 2014) of Drexel University.
What if you have an idea but no teammates, or don't have an idea but are interested in participating on a team? Here are some resources for you:
We are proud to offer the following prizes:
Cash prizes (awarded based on final-round judging results)
- First place: $12,500
- Second place: $7,500
- Third place: $5,000
In-kind services (awarded based on final round judging results)
- A certain amount of free, in-kind legal, accounting, and other services will be provided to the winners. Details of those services will be announced during the final-round period.
- Resident space in the Baiada Institute will be made available for up to one year for the top three teams.
Specialty prizes (awarded at the discretion of the Baiada Institute)
- Up to two nutrition and/or environment focused ventures are eligible to receive an additional prize of $5,000 each. This prize has been generously donated by Jamie and Lisa Maguire.
- The Paul H. Scheffler Jr. Endowed Prize Fund for Entrepreneurial Promise prize in the amount of $1,000 is designated for students in the Tau Beta Pi Engineering Honor Society who demonstrate high performance in the Baiada Institute Incubator Competition but who will not receive other monetary prize awards in the same competition.