In the 2015–16 academic year the UVA Entrepreneurship Cup (E-Cup) program was redesigned to combine and enhance the offerings of several previous competitions. The new program includes three stages: Concept, Discovery and Launch! Each stage has a separate competition with varying judging criteria. The Batten Institute, on behalf of the Darden School, joins with representatives from many schools at the University to administer the program.
Stage I: Concept
Purpose: to seed ideas from all parts of the university at every stage of development.
Five tracks: Health Care Services & Technologies, Social Entrepreneurship, ConsumerBusiness-to-Business, Science/Engineering, UVA Wise
The top five projects in each of the five tracks were awarded $1,000 each, for a total of $25,000 in awards.
Stage II: Discovery
Purpose: to promote the principles of effectuation and reward students who demonstrate that they have taken steps to “de-risk” their idea, perhaps the most crucial step in the startup process.
The top five projects in the Discovery Competition will be awarded $5,000 each, for a total of $25,000 in total awards.
Stage III: Launch
Purpose: to showcase and provide seed capital to the most compelling student ventures.
Upwards of $50,000 in total prize and in-kind resources are shared among the top three ventures.