Louisiana entrepreneurs, and startup founders showed out in full force last year for a startup contest simply called “Startup Prize”. The competition was set up to spur entrepreneurial growth in the Shreveport-Bossier region, and boy did it ever.
The Shreveport Times reports that the Startup Prize founders, including Gregory Kallenberg, were hoping that 30 maybe 35 teams would participate. Kallenberg’s team had made calls across the state and across the nation to hype up the idea and get as many wheels turning as possible. By July of last year 91 companies had applied for the contest that resulted in a $50,000 prize package.
Like most startup contests though, the cash wasn’t the real prize. Access to investors, mentors and other entrepreneurs was what Startup Prize was really about last year and what made it a no brainer to launch a second competition this year.
Like most successful startups, Startup Prize is improving in year two:
“In 2015, Louisiana Startup Prize is expanding in several ways. First, we’re adding an additional qualifying event. Second, one of these three qualifying events will now be held in Bossier City.
Third, we’re partnering with Cohab on a startup accelerator: a year-long program that fosters and grows selected startups into viable, successful businesses that are ready for investment.” The organizers said.
At a kick off event for year 2 held last Thursday, Kallenberg announced two new exciting partnerships. The Louisiana Startup Prize team has teamed with Biomedical Research Foundation’s Accelerator Program as a presenting sponsor. They’ve also partnered with Cohab, a creative hub in downtown Shreveport for an accelerator program to help the Louisiana Startup Prize teams get to the next level.
“We are well on our way to becoming one of the most important entrepreneurial competitions in the US,” Kallenberg told the Shreveport Times.
The Louisiana Startup Prize will hold three qualifying events March 608, April 17-19 and May 29-31. The grand prize is $25,000 in cash and over $25,000 in startup services.
You can find out more about Louisiana’s Startup Prize at lastartupprize.com