The Friedman Prize at the Tufts $100K New Ventures Competition
The 2022 Competition
In 2022, teams are invited to compete for The Friedman Food & Nutrition Innovation $10k Prize through the Derby Center for Entrepreneurship Center's $100k New Ventures Competition.
The Friedman Food & Nutrition Innovation $10k Prize, sponsored by the Tufts Food & Nutrition Innovation Institute, is a $10k prize awarded at the Tufts Derby Center for Entrepreneurship $100k New Ventures Competition. For 2022, qualifying teams entering the Tufts $100k will be invited to also compete for the Friedman Food & Nutrition Innovation $10k Prize. This prize will be considered for any competing venture that focuses specifically on food system innovation and/or nutrition and creatively tackles the numerous opportunities and challenges related to food, wellness and sustainability. We encourage diverse and creative submissions and interdisciplinary teams.
General Guidelines for Competition Entries:
- The entry must involve a technology, product, service, or process aimed at solving a problem related to food and nutrition.
- A team must be comprised of at least one Tufts’ student, faculty, staff or alum (alums must have graduated 5 years ago or less to qualify).
- At least one presenter from the team must be available to attend a virtual semi-final pitch event in March and a virtual final pitch event in April 2021.
- Teams are not eligible to participate if they have secured investment funding in the form of “friends and family”, pre-seed, angel or venture capital funding of more than $250K.
- Entering teams must be prepared to provide documentation to validate any claims that are made concerning the intellectual property (IP) underlying their business plans, including any claims concerning the licensing of third-party IP. Entries should be made with the full understanding of Tufts regulations on IP Rights.
- Companies at all stages are welcome to apply; however, winners of the prize should be able to demonstrate the potential to take their innovation to market within a time horizon of ~5 years.
- Prize payments are treated as income by Tufts and the IRS, regardless of whether the payment is made to an individual or a company. Non-U.S. citizens are taxed on their prize money at a rate of 30%, which is withheld from their prize checks.