Process

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Are you an innovator? An entrepreneur? Have an idea to better safeguard the hospitality, food & beverage, entertainment, or travel industries in the post pandemic world?

Well, we need your help!

The Lee Business School at UNLV and the Ted and Doris Lee Family Foundation have created a global $1M Lee Prize for Innovation and Entrepreneurship with the goal of discovering solutions & providing funding for the process to bring ideas rapidly to market.

The competition is open to global entrants, those who have budding ideas, mature companies looking to pivot their manufacturing or business model to address the needs of the affected industries above, and startups who are seeking both access to advisory board members and/or access to the investor and end user marketplace.

Please watch this video, which highlights not only the aim of the Lee Prize but the process by which you will be able to submit applications and ultimately, how prize winners will be selected. We need leaders to help unite the university and the business community and partner with us in search of the innovative solutions needed to safely return employees to work, and people to doing many of the things they love.

The time is now. Invent the Future!

May 11
Submission Portal Opens
July 5
Submission Deadline
July 6
Submission Review Begins
Aug 24-Sept 11
Finalist Presentations
Video Conferences will be held with selected finalists
September
Prizes Awarded
A total of $1,000,000 in prize money is available and will be allocated to the chosen winners at the discretion of the prize committee to maximize the impact of the funds.
TBD
Development
Troesh Center for Entrepreneurship and Innovation at the Lee Business School and a leading US Law Firm will work with the prize winners to secure their intellectual property rights and establish appropriate incorporation, if needed. Thus, preparing the entrepreneurs for further investment.
TBD
Investment Marketplace
The organization will assemble leading corporations, private equity firms and angel investors interested in actualizing the technologies & solutions of the prize winners.
TBD
Progress
The Prize Committee will closely monitor prize winners’ progress over 12 months.
TBD
Market Launch
Bringing the solution to market.