HTC Client SpenDebt Wins Liftoff Houston Business Plan Competition
Houston Technology Center’s IT client SpenDebt has been awarded one of three $10,000 prizes. Houston entrepreneur Kiley summers collected SpenDebt’s $10,000 prize for top “Innovation” Based Business Plan (software, hardware, inventions, new market businesses, etc.) in an awards ceremony on Saturday.
This could not have happened without all of your support and we want to say Thank You!
“I wanted to extend my gratitude for the overwhelming support during the Lift Off Houston Business Plan Competition this weekend. SpenDebt won the Innovation Category and $10,000! This could not have happened without all of your support and we want to say Thank You!” said Summers.
Liftoff Houston is the City of Houston’s annual business plan competition. This entrepreneurial initiative aims to empower Houstonians with business literacy education and mentorship to start their own business while contributing to the local growth and sustainability of the Houston economy.
To be eligible, applicants must be in the start-up phase of their business which means they either must have a developed business idea or have a business in operation for less than one year with revenue of less than $10,000. Contestants must live in the Houston city limits with their business in the Houston city limits. Capital One Bank is the key sponsor for this event providing cash prizes totaling $30,000.
The competition takes place in four stages – orientation, workshop, mentoring, and presentation, over a 5-month period. Applicants participate in a myriad of workshops ranging from business plan basics to access to capital, as well as information sessions on essential City of Houston business resources available through the Houston Public Library (HPL) and the Office of Business Opportunity (OBO.) The goal is to enable individuals to successfully research and develop their business plan. Applicants will also receive additional support from professional mentors from SCORE Houston and Capital One Bank to further refine the business plan for submission. The award categories are Product, Service, and Innovation.