The Kuzneski Innovation Cup is sponsored by Andrew and Laurie Kuzneski, and is for University of Pittsburgh students who are developing innovations that can positively impact people’s lives in areas other than healthcare. (Students with healthcare related innovations should apply to the Michael G. Wells Competition.)
The students (individually or as a team) compete for the $15,000 Kuzneski Innovation Cup to help move their idea towards commercialization. A $7,500 second place and $5,000 third place awards will also be given. All finalists will also promote their innovations at the Innovation Showcase hosted by the Innovation Institute on October 18, 2017.
The inaugural Kuzneski Innovation Cup was awarded to the team Invisible Shield, which is developing new security mechanisms for smartphones.
Second place was awarded to Aeronics, which is developing portable oxygen devices.
Third place was awarded to TopoSystems, a technology that provides a method to increase filtration efficiency and decrease costs for wastewater treatment.
The winners for 2017 will be announced October 18th, 2017 in Alumni Hall.
The Innovation Showcase provides University innovators the opportunity to present their ideas to an audience of investors, entrepreneurs, regional economic development representatives, local business executives and Pitt alumni.
- University of Pittsburgh students (undergraduate and graduate) working on Pitt technology or new idea
- Possess an idea that could change the world
- Interested in learning about starting a business
The deadline for receipt of applications is on Monday, May 15, 2017.
- Entrants must be enrolled in undergraduate or graduate classes at the University’s Pittsburgh Campus.
- Entrants must include a letter from a faculty stating that they support the idea and development of the technology in their lab or department.
- Applications are to be submitted using the online application by 12:00 noon EST on Monday, May 15, 2017. Please note that only responses to the required questions will be reviewed; additional materials and attachments are not permitted. For team-based ideas, all team members must meet eligibility requirements indicated above. All team members contact information should be listed on one application form.
- The Innovation Institute is not responsible for technical problems resulting in submissions not being received.
- Entries will be reviewed by a panel of judges on the basis of innovation, feasibility, market potential and student motivation/dedication.
- Semifinalists will be notified by Friday, May 19, 2017.
- The semifinalists will be invited for interviews (in person or via Skype) during the week of June 12, 2017.
- Finalists will be notified by Friday, June 27, 2017. All finalists will be paired with a business mentor to develop a presentation PowerPoint pitch deck and deliver a one-minute video elevator pitch of their idea at the Innovation Showcase to be held October 18, 2017 at Alumni Hall, 5pm-7pm. Finalists will also participate in business and presentation development workshops.
- All Finalists will present a short PowerPoint oral presentation to the judges during the finals and will participate in the Innovation Showcase in October 2017. All judges’ decisions will be final.
- Winner understands the award is to be used within the University for pre-commercialization and technology validation activities. The award funds will be transferred to a University account designated by awardee and their faculty sponsor. Award funds must be expended in accordance with University policy and cannot be used for salary or stipend. Line item budgets will be required and must be submitted and approved by the Innovation Institute prior to transfer of funds. A final project report is due 12 months from date of award receipt.
- The University will own and protect related Pitt intellectual property rights arising from the development activities using the Award Funds. After completion of the development activities, the Innovation Institute will obtain Invention Disclosures to document, assess, and protect the intellectual property. If the University licenses or commercializes any intellectual property, the awardees considered to be inventors, creators, or developers will receive a share of proceeds consistent with the terms of the University of Pittsburgh Patent Rights and Technology Transfer Policy (11-02-01) or Copyright Policy (11-02-02), as applicable.
- Entrants may apply to both the Kuzneski Innovation Cup with non-healthcare applications and Michael G. Wells Competition for healthcare applications if appropriate, but can only participate in one competition. The selection team will determine which competition is most appropriate for the innovation.