The High-Stakes Pitch Competition is back to give our state’s most promising startups a chance at an investment prize to invigorate and propel their businesses to success as we all look toward the future of entrepreneurship in Louisiana.
This is where your entrepreneurial journey continues. Applicants must meet a set of baseline qualifications in order to be considered. The qualifications include:
Previous winners of HSP are ineligible. Applicants must agree to the following terms to qualify: 1) Convertible note with 20% discount and 6% interest or 2) invested in next round with a minimum match of $200,000. The official term sheet will be provided upon submitting the application.
Watch the Video Recap
In order to have everything in place before the final pitch, the competition will follow a specific timeline and will be segmented into a few distinct phases.
Timeline of events for this year’s High-Stakes Pitch Competition:
The Prize Investors
The investment being offered as a prize to the winning company comes from a two groups of Louisiana-based investors. The investment prize is managed by Innovation Catalyst and Red Stick Angels.