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.

people presenting at aldag

Virtual Competition

Additional details are being finalized and will be announced soon.

Date and Timing

On April 16th, each team will have time allocated for a virtual Q&A with judges. The specific timing will be posted once finalized.

Additional Details

Additional details for the virtual competition are forthcoming. Click this link for supplemental resources.
Submit Intent to Compete by April 2nd Submit Pitch Outline by April 6th

Prizes

First, second, and third place prizes are provided by UA’s Office for Research and Economic Development.

First Prize

$5,000

Second Prize

$3,000

Third Prize

$2,000

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

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.

 


Eligibility

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*:
    • Intent to compete: March 23rd extended to April 2nd*
    • Pitch outline: April 6th*
    • Final presentation and video: April 10th**
    • *These deadlines are at midnight (11:59 PM CST) on the date listed.
    • ** This deadline is at noon (11:59 AM CST) on the date listed.

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.

Please Note

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.


Questions?

If you have any more questions, feel free to reach out to the AEI team.

Joshua Sahib

Assistant Director of AEI

Theresa M. Welbourne, Ph.D.

Executive Director of AEI and Will and Maggie Brooke Professor for Entrepreneurship

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