The 2020 Winners!

Aldag 2020 has Concluded

April 14

Judges decide which teams advance to Round Two. Note, teams not advancing to Round Two are still eligible to win certain other prizes.

Teams advancing to Round 2!

  • Grand Prize Group
    • From Group 1 – Tankr
    • From Group 2 – BagelStop
    • From Group 3 – Gravitate
    • From Group 4 – Blenz Bowls
    • From Group 5 – PrepHQ
  • Established Concept Group
    • From Group 1 – 3D Creations
    • From Group 2 – The Louis & Kyle Show
    • From Group 3 – Titan Drones
    • From Group 4 – FutureFi
    • From Group 5 – The Social Book
  • New Business Idea Group
    • From Group 1 – Betterment Box
    • From Group 2 – Sense
    • From Group 3 – PlanMe
    • From Group 4 – Fit as a Fiddle
    • From Group 5 – Nile Wade

April 15 (1 to 5 pm CDT)

Round two competitions. The three competition groups will take place simultaneously. Round Two competitors will be given a 25-minute slot and have up to 10-minutes for a live presentation  (via Zoom screen share) and up to another 10-minutes for live Q&A . Judges will then have 5 minutes to take notes before the next team begins. Based on judge deliberations, there could be multiple prize winners within each group.

April 15

Judges deliberate and choose competition awards.

April 16

All competition winners are announced.

Note: Teams are encouraged to meet with judges/coaches after the competition for feedback. These interactions can be scheduled through the mentorship module within each StartupWind group.


What’s At Stake

Grand Prize: $50,000

1st Prize

$5,000

2nd Prize

$3,000

3rd Prize

$2,000

Best Teamwork

$500

Best New Idea

$500

Crowd Favorite

$500

Social Entrepreneurship

$500

2020 Alabama Power Foundation Innovation Technology Awards

alabama power foundation

New this year is a series of special awards made possible by the Alabama Power Foundation. The Alabama Power Foundation Innovative Technology Awards for students offer three cash prizes totaling $10,000 ($5,000 first prize, $3,000 second prize and $2,000 third prize) for the most groundbreaking technology-focused ideas.

Furthermore, those three awards come with a scholarship (up to $3,500 each person, for up to two members per team) available to these winning teams to attend the summer Crimson Entrepreneurship Academy. Students stay in Tuscaloosa and work on their business at The EDGE, located in the heart of Tuscaloosa. In addition to the winners being able to work on their ideas full time in the summer, participants will receive individual coaching and will be part of a learning program designed to sharpen their entrepreneurial skills and hone their business concepts.

First Prize

$5,000
+
Crimson Entrepreneurship Academy scholarship

Second Prize

$3,000
+
Crimson Entrepreneurship Academy scholarship

Third Prize

$2,000
+
Crimson Entrepreneurship Academy scholarship

2020 Division of Community Affairs Awards

The Entreprenuership and Innovative Initiative Committee of the Division of Community Affairs will be offering 3 cash prizes totalling $3,500 at the competiion this year. These awards will be focused on funding a team whose idea helps the community overall. The award winner can be a for profit or social entrepreneurship venture.

The Baker Botts L.L.P. Award


$1,500

The McKool Smith Award


$1,500

Community Affairs Board of Advisors Award

$500

Additional awards for all winners

Co-Working Space

One year of free co-working space at The EDGE

Free Consulting

Business, accounting, and law partners’ consulting

Entrepreneurship Academy

Ability to apply to the Summer 2020 Crimson Entrepreneurship Academy


Questions?

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

Please note, the community business plan competition has also transitioned to a virtual format. Read the press release here and learn more on the competition website.

Joshua Sahib

Assistant Director of AEI

Theresa M. Welbourne, Ph.D.

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

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