The Boyd Venture Challenge is a seed fund grant conducted in the fall and spring semesters each year. Any UT student-owned (doctoral, masters, undergraduate) business is eligible to apply, and it is open to all UT Knoxville students regardless of academic discipline or degree program. To qualify for the Challenge, the student-owned business can be a corporation, LLC, partnership, or sole proprietorship, but the business must have an assigned Federal tax ID ("FEIN" or "TIN").
To apply for the grant, the student owner(s) representing the company should submit an executive summary of the business, a pro forma budget, and a “use of funds” statement detailing how the grant funds would be spent to move the business forward. This information should be sent to CEI@utk.edu with “The Boyd Venture Challenge” in the subject line of the email.
Upcoming Deadlines for Spring 2017:
Pitches may be done by Skype or video conferencing, for management teams not on campus.
A company may be awarded up to $20,000. Funds may be awarded to one company or several worthy companies may each receive lesser amounts. Last semester $35,000 was awarded among four teams. Grant funds will be paid out against invoices.
The grant-award committee will consider:
The judging panel has suggested that they would like to see the following addressed in the presentations and the executive summary. By covering these points your presentation will be much stronger:
The Boyd Venture Challenge is made possible by the generosity of Randy Boyd, Founder and Executive Chairman of Radio Systems Corporation, makers of PetSafe, Invisible Fence and SportDog brands. Radio Systems is a business built on the knowledge that pets are members of the family. Radio Systems’ 400 worldwide employees produce the industry’s most popular and innovative products in pet training, containment, safety, and lifestyle for an audience dear to their hearts: their own pets.
Anderson Center for Entrepreneurship & Innovation ~ 418 Haslam Business Building
Knoxville, TN ~ 37996-4140 ~ Phone: (865) 974-5126 ~ Email: ACEI@utk.edu
Knoxville, Tennessee 37996 | 865-974-1000
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