Innovative Startup Award
Applications open Spring 2023!
Texas Tech University has partnered with Market Lubbock, Inc. to establish the Presidents' Startup Innovation 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. The committee will review applicant budgets and make a recommendation that may or may not be reflective of the budget submitted in the application. Final decisions for awards are made by the TTU President and TTUHSC President.
The awardees of this prestigious Presidential grant will be announced in September 2022. 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 February and run through the calendar year.
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. If you need help on how to start a company, contact TTU SBDC or follow the steps here: How do I start a company?
Prior awardees of the PISA grant are ineligible to submit unless the application is for a different startup company.
Review the Presidents' Innovative Startup Award Rubric that outlines the criteria needed for a competitive application.
Complete the application through our competition portal. Applicants must submit the following to be eligible for funding:
- 3-page narrative that provides an overview based on the criteria outlined in the rubric
- Budget based on one fund amount (listed above)
- Detailed timeline for allocation/use of budgeted fund amount
- Biosketch or resume of PI or CEO
Step Three: Sit back and Relax. The committee will assess the applicant's space requirements and application. From there the committee will nominate recommendations to TTU & TTUHSC Presidents.2021 Awardees
Managing Director of the Texas Tech Innovation Hub
Innovation Hub at Research Park
Address3911 4th Street, Lubbock, Texas 79415