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 DetailsThe 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.
Year of Workspace
Cash Award
Follow up Guidance
Edwin A. Goodman, Co-founder and Investment Partner – Activate Venture Partners
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 and driven by strong feelings or a strong belief.
An empathetic individual understands people: thinks of human-centered ideas and experiences.
A tenacious person is unbreakable and unwilling to quit, sticks to the goal and moves through challenges.
Enthusiasm is fuel and what drives entrepreneurs to persevere.
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)
