For the fourth consecutive semester, the Boyd Venture Fund is soliciting applications from student-owned companies seeking seed-funding grants. All University of Tennessee, Knoxville (UTK), students, regardless of academic discipline or degree program (doctoral, masters, or undergraduate) are eligible to apply.
To qualify for the grant money, each business must be legally established (federal tax ID, business license, etc.). The student owners must be enrolled in a UTK degree program at the time of application (although meeting with the grant-evaluation committee after graduation is acceptable).
To apply for the grant, the student owner(s) representing the company should submit an executive summary of the business, a pro forma budget, and a “use of funds” statement detailing how the grant funds would be spent to move the business forward. This information should be sent to:
Subject Line: The Boyd Venture Fund
Deadline for grant-application submissions this semester is Friday, November 9th. Those businesses invited to “pitch” to the grant-award committee will be notified by Monday, November 12th with presentations to the awards committee scheduled for Friday, November 16th. Pitches may be done by Skype or video conferencing for management teams not on campus.
Up to $20,000 is available to be awarded. The money may be allocated to one company, multiple companies, or possibly no companies (if the judging committee does not think any of the applications are worthy). The Anderson Center will work with any business that receives a grant to connect it with a volunteer “mentor,” an experienced individual with interest in the type of business being awarded a grant.
The grant-award committee will consider:
- Viability of the business concept
- Growth potential
- Need for capital
The Boyd Venture Fund is made possible by the generosity of Randy Boyd, President and CEO of Radio Systems Corporation, makers of PetSafe, Invisible Fence and SportDog brands. Radio Systems is a business built on the knowledge that pets are members of the family. Radio Systems’ 400 worldwide employees produce the industry’s most popular and innovative products in pet training, containment, safety, and lifestyle for an audience dear to their hearts: their own pets.