The University of Miami and the Prior Family Foundation have announced the 2018 ReVIve – USVI Impact Competition. ReVIve aims to spur innovation in the U.S. Virgin Islands through entrepreneurship and ingenuity. This contest will be awarding cash and prizes to individuals from around the world who create innovative ways to spur the local economy of the U.S.V.I.
Much of the islands’ infrastructure and the economy suffered extensive damage from the effects of hurricanes Irma and Maria this past hurricane season. This devastation has led the Prior Family Foundation to partner with the University of Miami to launch the first global economic impact contest in the Caribbean.
The Prior Family Foundation is leading the way in supporting this initiative by donating the first cash prizes of over $20,000. Additional prizes will be announced in the first quarter of 2018.
The competition began accepting submissions on Jan. 15 in the form of a 2-page executive summary, a 20-page business plan and a 2-minute video pitch. An applicant’s concept should leverage the local resources and infrastructure of the V.I. in a manner that ultimately creates local jobs and improves the local quality of life.
This competition is open to all industries and verticals legally allowed to do business in the territory.
The ReVIve competition will be accepting submissions between Jan. 15, 2018, and Feb. 28, 2018. Finalists will be announced April 2, 2018.
Judging criteria can be found at this site.
Link to Entry Form