Faculty/Staff Innovation Pitch Competition
UA employees are invited to apply for the inaugural Faculty and Staff Innovation Pitch Competition presented by the Alabama Entrepreneurship Institute with generous contributions from UA’s Office for Research and Economic Development and the Alabama Power Foundation.
This event is part of the Edward K. Aldag, Jr. Business Plan competition. In this innovation and business idea pitch event, you will record a simple pitch video (up to 3 minutes) to share with a team of judges. On April 16th, five minutes will be alloted for each team to have a virtual Q&A session with judges.
Virtual CompetitionAdditional details are being finalized and will be announced soon.
Date and TimingOn April 16th, each team will have time allocated for a virtual Q&A with judges. The specific timing will be posted once finalized.
Additional DetailsAdditional details for the virtual competition are forthcoming. Click this link for supplemental resources.
First, second, and third place prizes are provided by UA’s Office for Research and Economic Development.
In addition to prize money, winners are eligible for:
- Free co-working space at The EDGE
- Support for the advancement of their ideas with access to analytical and prototype development equipment at EDGE Labs
- Business coaching
- Help from professionals such as lawyers, accountants and marketing specialists
Alabama Power Foundation Innovative Technology Grand Prize
The Alabama Power Foundation is sponsoring an additional $10,000 grand prize for the faculty and staff competition. The grand prize will go to a technology-focused idea that has the potential to drive a new business or commercialization.
Who can enter?
All UA faculty and staff.
When can I enter?
Please submit your intent to compete by April 2nd.
What is my timeline?
- Submission deadlines*:
What if my idea comes from my work at UA?
Overall, the intellectual property practices at UA are a win/win for the inventor and the University. Because employees are pitching in this event, we want you to understand how the University’s intellectual property policy works.
Note that our policy is fundamentally no different from the practices of companies or other universities. The overall governing idea is if significant university resources are used, or if your discovery results from a project where the costs were paid by the university, or if the discovery is in your field of work at the university, then the university owns the idea (this is a normal business practice).
As the inventor, you gain from the university’s expertise in evaluation, marketing and ability to secure intellectual property rights while also benefiting from the university’s interest in recognizing your efforts and providing you with some share of any potential gain.
In year’s past, the competition included a track for members of the West Alabama community. We are still determining plans for this year’s community competition in the context of recent national events. More information will be shared on the community competition webpage as soon as possible.
If you have any more questions, feel free to reach out to the AEI team.