About this Event
307 E Railroad St, Weslaco, TX 78596
##BigIdeaCompetition #utrgv cobe🌄2024 BIG IDEA COMPETITION OVERVIEW
Watch a glimpse of last year’s competition HERE.
The UTRGV Center for Innovation & Commercialization, a division of the Robert C. Vackar College of Business and Entrepreneurship, is excited to hold its fourth annual Big Idea Competition this fall. This in-person competition is open to all UTRGV students. Winners will be determined by a pool of experienced entrepreneurs and business professionals.
Contest Rules
An idea may be submitted by an individual or by a team consisting of UTRGV students.
ALL entries must be ideas, and not a developed business. As such, an idea that already has a functioning business associated with it will not be accepted. Specifically, the idea:
Cannot be currently generating revenue Cannot already have received funding or financing of any form Cannot have any legal form of incorporation
🏆PRIZES
👤ELIGIBILITY
The applicant must...
STUDENT CATEGORY
🌄OVERVIEW
The Big Idea Competition offers students a platform to develop and showcase their early-stage ideas. Beyond just presenting their concepts, participants will become familiar with the Center for Innovation and Commercialization, receiving valuable support and resources to advance their entrepreneurial ventures.
This in-person event is hosted by the UTRGV Center for Innovation & Commercialization.
🚝SPECIAL CATEGORY TRACK
🏆PRIZES
The winner of the student special categories will take home $3,000.
👤ELIGIBILITY
The applicant must...
📆IMPORTANT DATES TO REMEMBER
💻APPLY
Use the "Enter Now" button on the top of this page to submit your application.
Once submitted, the idea is finalized for that round. No changes can be made after application is submitted. Please email stephanie.mendez01@utrgv.edu if you have any questions!
Please note that applications must be submitted in English and that finalists will be required to pitch their idea in English.
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📝THE FINE PRINT - Tax Liability Disclosure
All payments, including prizes, gift cards, awards, or items of monetary value, are taxable income to the recipient and will be subject to all applicable federal and state tax withholding and reporting regulations in accordance with the Internal Revenue Service. By accepting this prize, gift card, award, or item, you understand that if the recipient is:
A UTRGV employee, taxes will be collected on the next available payroll cycle. An international individual, 30% tax will be deducted upfront through Accounts Payable. A UTRGV student or Non-UTRGV community (U.S. Citizen/U.S. Permanent Resident), the prize value will be subject to 1099-MISC reporting guidelines.
For payment tax assessment, if you are NOT a U.S. Citizen or a U.S. Permanent resident, please furnish a completed Form W-8BEN to the department distributing this prize, gift card, award, or item of value. Departments will be responsible for submitting the corresponding requisition number and completed Form W-8BEN to tax.compliance@utrgv.edu prior to distributing the prize, gift card, award, or item of value. Please be advised that additional information may be required from you to determine your U.S. tax residency status, tax withholding, and reporting requirements.
* Per Internal Revenue Code Section 1441, all payments made to, or on behalf of, a nonresident/international individual are subject to 30% federal income tax withholding, unless an exemption applies. Tax Compliance Team will review and will advise of any tax exemptions.
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