Thanks to generous sponsorship from the Levy Institute and Lanny and Sharon Martin, we awarded $328,000 in non-dilutive prize money in 2021 – VentureCat’s largest prize pool to-date. In addition to prize money, semifinalist teams receive professional graphic design support valued at more than $50,000 in total.
Every team selected as a semifinalist from the applicant pool receives a $1,000 cash prize. After semifinalists are announced, teams participate in the Pitch Prep Program to prepare for competition day.
VentureCat competition day begins with the semifinal round, which is organized into five separate industry tracks. First and second place teams receive prize money. First place teams move onto finals along with one wildcard team chosen from the second place teams. In 2021, $9,000 was awarded to first place teams and $6,000 to second place teams.
Final round prizes are awarded to the top three teams out of the six teams that compete in finals.
- Grand Prize - $150,000
- Second Place - $50,000
- Third Place - $25,000
All finalist teams also compete for the $2,000 audience favorite vote award during the Public Showcase. In 2021, we also added a $1,000 prize for an alumni favorite elevator pitch contest held before competition day.