Texas Tech University

Innovation Hub

Innovative Startup Award


Give your startup the boost it needs!


Texas Tech University has partnered with Market Lubbock, Inc. to establish the Presidents' Innovative Startup Award. The objectives of the grant from Market Lubbock include 1) programs for students and entrepreneurs; 2) seed-stage funding for startups; and 3) seed grants for startups to support equipment and rental expense at the Innovation Hub at Research Park (Hub).

A committee of TTUS faculty, Hub staff, and TTUS facility staff determine the top applicant startups that exemplify innovation and commercialization. Prior participation in other Innovation Hub programs can make your application more competitive (NSF I-Corps and TTU Accelerator Program). The committee will review applicant budgets and make a recommendation that may or may not require adjustments to the budget submitted in the application. Final decisions for awards are made by the TTU President and TTUHSC President.

2023 Winners

The awardees of this prestigious Presidential grant will be announced in September 2024. Here are four awards by each President in the following categories:  

1- $25,000 award
1- $15,000 award
2- $5,000 awards or 1- $10,000 award

The lease contract for these awards will begin in September and run for a one-year period.

Grant Eligibility:

All TTUS students, faculty, and staff are eligible. All community members are eligible. All applicants must have formed a company to be considered for the award. Additionally, the company needs to present a product with innovation. Please note that small businesses without a distinct innovative product are not supported. Prior awardees of the PISA grant are ineligible to submit unless the application is for a different startup company.

Application Process:

Step One

Review the Presidents' Innovative Startup Award Rubric that outlines the criteria needed for a competitive application. 

Step Two

Complete the application by July 31st, 2024 through our competition portal. Applicants must submit the following to be eligible for funding:

  • 3-Page Business Plan:
    • This plan needs to provide an overview based on the criteria outlined in the rubric
  • Budget based on the fund amount:
    • Indicate award category (one or more) on the document: $5,000, $10,000, $15,000, $25,000

NOTE: Applicants should review the Allowable Budget Items document to understand which expenses are permitted under this program.

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  • Revenue/Financial Statement:
    • This document should provide a detailed overview of your company's financial performance, including revenue streams, expenses, and any funding or investments received to date. The document can be in PDF, Word or Excel format and should cover at least 12 months of operations.
  • Use of proceeds:
    • Please upload your use of proceeds from the funded program and include a justification that the 2024 Presidents' Innovative Startup Award milestone and budget do not overlap with your previous award(s)

Step Three:  If Innovation Hub space was allocated in your budget, please fill out the Innovation Hub Tenant Application below.

Tenant Application


Taysha Williams
Managing Director