Rice University’s business competition geared for military veterans has new benefits for entrepreneurs who apply for a spot in the 2021 event.
Applications are open for Veterans Business Battle, an event that gives military veterans an opportunity to pitch their business plans to a panel of investors for a chance at investments, business partnerships, and prize money. In the last seven years, more than $3.5 million of investments have been funded through the program, with more from the 2020 virtual event still in negotiations. Early-stage businesses and existing companies needing growth capital are both encouraged to apply.
This year, Veterans Business Battle has partnered with NextSeed Securities, a registered broker dealer and FINRA member that works with startups and small businesses to raise capital through an online investment platform (nextseed.com). Businesses invited to present at the 2021 Veterans Business Battle will undergo due diligence screening by NextSeed. Vetted companies will be featured on a dedicated online platform allowing individuals from the general public to make investments in those companies.
“Last year’s online-only event gave us an opportunity to think of ways to engage new investors and expand our audience. We’re excited to increase opportunities for our finalists and grow our network of investors,” event co-chair Matt Wilson said.
The 2021 event will also feature educational panels from another new partner organization, Warrior Rising. The non-profit supports veterans and veteran families achieve business success through education, training, and one-on-one mentorship. Cash prizes will be awarded, with $15,000 prize for first place, $10,000 for second place and $5,000 for third place.
The event is hosted by Rice Business Veterans Association, a student organization for military veterans at Rice University’s Jones Graduate School of Business.
To apply, applicants must submit a business plan on the competition website, vetbizbattle.org, by Feb. 5. Businesses must have an honorably discharged veteran or active duty founder and equity holder who is running the venture.
Finalists will be invited to make their business pitch April 23-24 at Rice University. Those interested in competing should visit vetbizbattle.org.
Veterans Business Battle was established in 2015 by a group of Houston entrepreneurs and the Rice Business Veterans Association. The competition aims to foster entrepreneurship among veterans, grow veteran-owned businesses and give back to veterans seeking to make a difference in the business world. For more information, visit vetbizbattle.org.