This post originally appeared on the Auburn University Newsroom.
Entrepreneurial-minded students looking to secure early-stage seed funding are encouraged to register for Auburn University’s annual Tiger Cage Business Idea Competition.
The program—which kicks off with skill-building workshops this semester and concludes in the spring with multiple rounds of pitch competitions before industry professional judges—allows student teams to compete for a share of $50,000 in startup capital, sponsored by the Harbert College of Business, and a $4,000 innovation award sponsored by the Thomas Walter Center for Technology Management.
“Business ideas have a product or service, and engineers are the people that create products and often the important elements of a service,” said Auburn University Director of Entrepreneurship Strategy Lou Bifano. “Anyone who is interested in sharpening their skills in developing a business idea, writing an easy-to-understand summary, then pitching that idea to either gain approval from investors or superiors is encouraged to participate.”
The 2021-22 Tiger Cage kicks off with a pair of recruitment and information events, Friday, Sept. 3 at 5 p.m. inside Horton-Hardgrave Hall’s Innovation Lab, and Sept. 10 at 5 p.m. at the Auburn University New Venture Accelerator.
“At the kickoff events, prospective teams will learn about the competitions, formats, what their applications need to include and the program’s schedule for the year,” Bifano added. “We’re going to have additional workshops this year to help the students be more competitive.”
Tiger Cage registration deadline is Nov. 19. Bifano expects about 30 to 40 applications, which will be vetted and whittled to 20 before January’s pitch competition rounds begin.
Tiger Cage quarterfinals will be Jan. 28, with semifinals on Feb. 25. Industry professional judges will choose the final four teams to compete in the March 25 Tiger Cage finals.
Teams interested are also invited to participate in the Oct. 29 Halloween Pitch Competition, which serves as a warm-up to Tiger Cage, and puts $5,000 in seed funding up for grabs.
“This gives teams a chance to get a real feel for pitching before seasoned judges before they are propelled into the Tiger Cage,” Bifano said.
Students interested in participating in this year’s Tiger Cage Business Idea Competition are encouraged to contact Lou Bifano at [email protected].