The road to Georgia Tech’s “2021 InVenture Prize” will be different for sure, but the pandemic won’t stop the 13th edition of the university’s signature invention competition from recognizing the best new ideas from students across campus.
As described here, the preliminary and semifinal rounds will be virtual, using two platforms created by Tech students — Gatherly and RocketJudge — for meeting with competitors and for judges to submit their assessments of the teams.
Students who compete get help with prototyping, implementing their business, formulating their pitch, and understanding the patenting process. Teams can sign up to be paired with an innovation coach through IdeaBuzz, where they’ll learn about practical steps they can use to develop their idea. Students also can join a preexisting team or recruit members for their team through Cofounder Buzz. Teams also can apply for grants up to $500 to help cover the costs of building prototypes.
The winner receives a $20,000 prize plus other benefits.