Mayor’s Business office Press Release
Programs Now Open up for Liftoff Houston Startup Business enterprise Approach Opposition
July 7, 2021 — Right now, Mayor Sylvester Turner kicked off the Town of Houston’s 2021 Liftoff Houston Startup Small business Plan Opposition (Liftoff Houston), sponsored by Funds Just one Financial institution and administered by the Houston Community Library (HPL) and the Workplace of Company Prospect (OBO).
Liftoff Houston aims to empower Houstonians to start off their individual companies through a series of workshops and coaching periods that take spot from August through October. Winners in 3 groups – Provider, Solution, and Innovation – will each get $10,000 in seed funds from Cash One Bank. Applications are open up from July 7 by means of Monday, Aug. 2.
“I am excited to see what small business strategies and ideas this year’s contestants will convey to the desk,” mentioned Mayor Sylvester Turner. “We are grateful for Capital One Bank’s determination to assisting Houstonians make their compact company desires appear legitimate. I inspire all aspiring entrepreneurs not to skip out on this great opportunity that will help move our economic system and city forward.”
Considering that its inception, a lot more 12,623 Houstonians have participated in Liftoff Houston, and more than $240,000 in prize money has been awarded by Capital A person Lender.
“Startup organizations perform a essential position in our City’s economic future,” reported Houston Community Library Director Dr. Rhea Lawson. “The Houston General public Library is delighted to guidance their advancement by providing accessibility to cost-free and vital business and financial commitment reference resources, industry analysis, condition of the artwork engineering machines with significant-speed Wi-Fi, and other useful expert services these as fax and duplicate solutions and space for conferences and trainings.”
Matters covered for the duration of the competitors include company prepare essentials, elevating capital, advertising, and information and facts about free of charge City of Houston small business means. Members will also build a business enterprise system, which will be reviewed by mentors from Funds A person Financial institution and Rating Houston.
At the end of the competitors, nine finalists will be selected to current their company ideas to a panel of judges on Pitch Working day, which is scheduled for Saturday, Nov. 6. Just one winner and a enthusiast preferred from just about every group will be selected.
To qualify as a contestant for Liftoff Houston, applicants have to dwell and operate their enterprise inside the Houston town limits. The enterprise must be for-financial gain, in operation for fewer than a single year, and have verifiable earnings that does not exceed $10,000. Previous winners have provided corporations in retail, merchandise, labor, consulting, application, components, current market enterprises, hospitality, tourism, well being and physical fitness, education, finance, know-how and logistics.
These who do not qualify to compete in the opposition, or those people who do not wish to compete can also utilize to participate in the Liftoff Houston Educational Pathway, which offers obtain to all the business enterprise instruction chances provided by the software, but devoid of the pitching element.
“Liftoff Houston will supply you with a wealth of know-how and information and facts about how to productively start your small business, and the Office environment of Small business Possibility is also readily available to support,” reported Place of work of Business Option Director Marsha Murray. “I really encourage contestants to connect with us for a host of totally free assets at our ‘one stop company center’ exactly where you can receive guidance on business permitting, licenses, 1-on-one particular small business counseling, lawful support and considerably much more. These products and services can surely dietary supplement the learnings offered by Liftoff Houston, and assist contestants on their entrepreneurship journeys.”
Notable Liftoff Houston alumni, whose companies have grown past the entrepreneurial stage, include 2016 winners Lyndsey Brantley of Camellia Alise and Kiley Summers of SpenDebt, 2017 winner Megan Eddings of Accel Way of life, and 2018 winner Jenna Zhang of Olympus Watches.
With the onset of the COVID-19, all elements of final year’s opposition were held pretty much for the 1st time, such as Pitch Day. 2020 winners – Kimberly Jones of Beauty Concierge Nurses, Jerome Vielman of Kairos Chemical, and Wendell Matthews of Goat + Bear – have because used their prize cash to assistance with promoting and operational expenditures to construct resilient enterprises that can prosper previous the pandemic.
In 2021, Liftoff Houston will be supplied in a hybrid format, with all workshops and mentoring periods presented practically, and with in-individual elements for Pitch Working day.