WHAT IS IT?

The Miller Competition Series presents the Inventech Competition, in which teams of 1-5 students are given the opportunity to analyze a BYU Tech Transfer Office technology and present a business model around it. Teams will apply to work on one of 6 (six) patented technologies from three categories: software, engineering, and life science. If selected, teams will then take their chosen patented technology through business model development including customer discovery and validation.

Submissions will be judged by a panel including (but not limited to) the inventor, a representative from the BYU Tech Transfer Office and a representative from the BYU Rollins Center. Up to 1 (one) team will be awarded an $800 cash prize for each of the technologies and will receive the opportunity to license the technology to either develop it further and sell it to someone else or build a company around it. Winning teams will also be able to submit to the Business Model Competition where $20,000 worth of cash prizes are awarded.

IMPORTANT DATES

Thurs Dec 19, 2019: Before midnight, submit a compelling application (no more than 3 pages) explaining why your team should be selected for a given technology. Applications should be sent to prototype@byu.edu.

Fri Dec 20, 2019: Teams will be notified if they have been selected to work on a given technology.

Wed Jan 15, 2020: Inventech Submission Deadline

Thur Jan 16, 2020: Winning Teams Notified

Sat Jan 25, 2020: Business Model Competition Submission Deadline

FREQUENTLY ASKED QUESTIONS

Do I have to be a scientist to understand the technologies?

No. The goal of this competition is to build a business model around these technologies.

What is the objective of the competition?

Similar to the Business Model Competition, this competition will involve validating a business model around one of the patented technologies from the BYU Tech Transfer Office. The team presenting the best validated business model for each technology wins.

How do I apply?

Before the application deadline, submit a compelling application (no more than 3 pages), explaining why your team should be selected for a given technology. Applications should be sent to prototype@byu.edu.

How will I learn enough to validate a business model?

Learn more about how to validate a business model here.

What are the benefits and prizes?

Up to 1 (one) team will be awarded an $800 cash prize for each of the technologies and the opportunity to license the technology to either develop it further and sell it to someone else or build a company around it.

I have other concerns. Can I speak to someone?

You can contact us at prototype@byu.edu or stop by the Rollins Center in 470 TNRB.