There are both monetary and "in-kind" awards available for the top two teams. The first team will receive a prize of $7,500* and the second team, $2,500.
In addition, the winning teams will be entitled to receive certain other non-monetary prizes consisting of introduction to the Lion Launchpad for start-up companies, have access to mentoring resources and benefit from event promotion from the College of Agricultural Sciences.
Awards will be managed though a Penn State account where teams will discuss disbursement needs that align with jointly agreed upon venture advancement goals between the Ag Springboard Award Coordinator and the winning team. All disbursements must be in accordance with Penn State purchasing policies and proper documentation is required. Teams should not spend funds without prior Penn State agent approval.
*For undergraduate winners, awards will be deposited in each student bursar's account. Graduate students who are employed by the university will receive their award through university payroll. Please note that tax and financial aid implications of receiving the competition award are the student's responsibility.
