Win 30K funding to start making your ideas a reality

PETE PRIZE for Entrepreneurs

The PETE PRIZE for Entrepreneurs is an FIT DTech Lab award which recognizes excellence in the development of: fresh, insightful and creative ideas translated into an execution focused business plan that leverages innovative design oriented thinking.

Why apply? Program Details

WHY APPLY?

The PETE Prize is more than another award. Selected applicants participate in five months of clinics, workshops and knowledge sharing by established venture capitalists, industry leaders and mentors – an excellent learning experience for FIT students resulting in financing for a new business idea as well as office space to start to launch their enterprise.

WHAT THE WINNING TEAM RECEIVEs

1

Year of Workspace

30K

Cash Award

Follow up Guidance

“We live in a unique time for entrepreneurship because of what is available - new technology and the new methods of starting a business.“

Edwin A. Goodman, Co-founder and Investment Partner – Activate Venture Partners

WHAT QUALITIES DOES IT TAKE
TO WIN THE PETE Prize?

Entrepreneurship is changing and so are the qualities exemplified by successful leaders.

PETE exemplifies the core characteristics that can revolutionize business by challenging norms and putting forth brave new ideas.  If you believe you have the power to make the world a better place by being an innovative leader, the PETE Prize is for you.

You should be:

PASSIONATE

Passionate and driven by strong feelings or a strong belief.

EMPATHETIC

An empathetic individual understands people: thinks of human-centered ideas and experiences.

TENACIOUS

A tenacious person is unbreakable and unwilling to quit, sticks to the goal and moves through challenges.

ENTHUSIASTIC

Enthusiasm is fuel and what drives entrepreneurs to persevere.

Timeline

APPLICATIONS ARE CLOSED

The PETE Prize competition workflow starts with ten teams that are initially chosen in the application round. These teams develop their business ideas while attending workshops and, in June, three teams are selected to compete in the Fellowship Program.

SPRING 22

Round 1:
10 teams announced

Workshops & idea development

SUMMER 22

Round 2:
3 teams announced to engage in the Fellowship Program

Fellowship Program

Final pitch development

Fall 22

Round 3:
Grand Prize Winning Team announced

Awards Ceremony

Entrepreneurship Incubator launch (12 months)

In case you missed anything

What is the PETE Prize for Entrepreneurs?
What does P.E.T.E. stand for?
Who is eligible to apply?
Why should you apply for the PETE Prize?
What does the grand prize winner of the PETE Prize receive?
What is the timeline for the PETE Prize?

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