Big Idea Advantage Fund

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The Big Idea Advantage Fund is geared towards students who have an advanced idea and are looking to take it to the next step towards startup creation.

Investments will range from $10,000 to $25,000.

Application:

Big Idea Advantage Fund

The goal of the Big Idea Center is to provide students with the opportunity to take their ideas from concept to reality. We are thrilled to be able to take this mission one step further by introducing the Big Idea Advantage Fund.

How to Apply:

1. Download the application by clicking the "Download Application" button below.

2. After completing the application, return to this landing page and fill out the form to the left. Upload your completed application. 

3. You will receive a confirmation email when you've submitted your application.

Download Application

 

Deadline to Respond:

  • Extended Application deadline: March 22, 2021, 11:59 p.m.

Eligibility

  • Applicants must be current Pitt students (any level/discipline) with or prepared to create a startup. 

  • It is highly recommended that interested students have participated in at least one or more Big Idea Center, or related, event prior to application.

Rules/Guidelines/Terms

Investments into already formed entities, such as LLCs or C Corps, will be in the form of SAFE notes (Simple Agreement for Future Equity) with pre-defined terms.

A student project which has not yet been formed into an entity will receive a fixed amount of money upfront, payable directly to the student team members or lead student (which may be considered taxable income), to help defray the costs of startup formation.

Once the investment into the startup has been made, the University will be the investor.

Please note that donors to the Big Idea Advantage Fund are not direct investors of the startup.