Vogt Awards Opens Application Period & Expands Program Criteria
The application period for the 2016 Vogt Awards is now open through May 31st. The Vogt Awards help start-up ideas and products develop into viable and successful businesses by providing non-dilutive funding, dedicated mentorship, workshops and support.
This year, the Vogt Awards advisory committee is pleased to expand the criteria to allow for a broader group of applicants. In the past, applicants were required to manufacture a physical product to be eligible for this coveted source of funding. Now, it is also available to entrepreneurs from the Greater Louisville area that have the potential to create a scalable business based on innovative, technology-based products.
Based on feedback from the entrepreneurial community, this year the program will emphasize and award robust mentorship and support services to up to six early-stage entrepreneurs. Each winner will receive $25,000 in non-dilutive funding and an additional package of valuable services for early-stage entrepreneurs.
“We heard that collaboration was more valuable than competition, so we have continued to evolve the awards to help best encourage entrepreneurship in our community as Mr. Heuser would have wanted,” said Amelia Gandara, Director of Commercialization and Engagement for EnterpriseCorp, the entrepreneurial arm of GLI.
The new criterion fits closely with Henry Vogt Heuser’s vision for growing innovation. Heuser pioneered the creation of multiple inventions during his career. The Vogt Invention and Innovation Fund, an endowment at the Community Foundation of Louisville, was created to help support entrepreneurial efforts of engineers and innovators to fund the product development and commercialization of their ideas. With today’s entrepreneurs going online in droves, it is time to include visionary business models and ideas of all types.
“I can’t help but wonder how pleased Mr. Heuser would be to see the innovation that his award has helped to catalyze since its inception in 2000. With almost $2.5 million to nearly 50 companies, I like to think of his gift as a way for him to be immortal in our entrepreneurial community,” said Susan Barry, President & CEO, Community Foundation of Louisville.
The winners will be selected in August and mentoring and support programming will occur throughout the fall. The full roster of partners will be released at a later date.
Vogt Demo Day will be held in November and each winner will have the opportunity to showcase their business to the community and share the progress they are making thanks to the funding, collaboration, mentorship and support services.
Applications are being accepted from April 4 to May 31, 2016 and are open to entrepreneurs based in Louisville and surrounding counties in Southern Indiana. For all criteria and to apply, visit http://www.vogtawards.com/