Research Foundation News

February 9, 2017

Purdue student startup competition now accepting applications

WEST LAFAYETTE, Ind.  –Purdue University student entrepreneurs will split $15,000 in prizes during the eight-week startup competition the Boiler Business Competition, or the Boiler.

An annual seed accelerator competition hosted by the Anvil, the Boiler started in 2013 with a goal to seek and encourage entrepreneurship activities outside the classroom. The Anvil is a student-run startup co-space center adjacent to the Purdue campus.

Applications are due by 11:59 p.m. Feb. 20. The competition is scheduled to begin March 1. Teams can include faculty or recent alumni but must have at least one current Purdue student. Applications can be found at http://bit.ly/boiler_application.

Five teams accepted through the initial pitch round will each get $500 upon acceptance. The three teams that move on to the second phase will receive an additional $1,000 each.

The three finalists will then get to pitch their business plans to a panel of angel investors and venture capitalists on Demo Day. The first-, second- and third-place teams will receive $5,000, $3,000 and $1,500, respectively.

“There’s a lot more to offer from this competition than just monetary prizes,” said Connor Van Ooyen, director of the Anvil. “The mentorship, guidance and networking opportunities for the teams could prove even more valuable as they seek to turn their ideas into business opportunities.”

The teams will win free office space, workshops and funding throughout the competition as well as an opportunity to receive professional advice and business development strategies from entrepreneurial experts and from the Purdue Foundry, a startup accelerator in Discovery Park's Burton D. Morgan Center for Entrepreneurship.

About the Anvil

The Anvil is the largest co-working space operated by university students in the U.S. and is used by Purdue University students as well as the surrounding community. The Anvil is located at 320 North St. in West Lafayette, Indiana, adjacent to the Purdue campus.

About Purdue Foundry

The Purdue Foundry is an entrepreneurship and commercialization accelerator in Discovery Park's Burton D. Morgan Center for Entrepreneurship whose professionals help Purdue innovators create startups. Managed by the Purdue Research Foundation, the Purdue Foundry was named a top recipient at the 2016 Innovation and Economic Prosperity Universities Designation and Awards Program by the Association of Public and Land-grant Universities for its work in entrepreneurship. For more information about funding and investment opportunities in startups based on a Purdue innovation, contact the Purdue Foundry at foundry@prf.org

Purdue Research Foundation Contact: Curt Slyder, 765-588-3342, caslyder@prf.org

Source: Connor Van Ooyen, connor@anvilstartups.com 


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