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The InVenture Prize @ Georgia Tech is a faculty-led innovation competition for undergraduate students at Georgia Tech. Students can work independently or in teams to develop and present inventions which will be judged by experts. The competitors will introduce their inventions in one or more preliminary rounds from which approximately 8 finalists will be selected to advance to a Final Round shown live by Georgia Public Broadcasting. The final round prizes include:
- A cash prize of $20,000 for first place or $10,000 for second place.
- A free US patent filing by Georgia Tech's Office of Technology Licensing (each valued at approximately $20,000) for both the first and second place winners.
- A People's Choice Award of $5,000 selected by text voting during the event.
- The Winner(s) of the InVenture Prize will automatically be accepted to the Summer '13 Class of Flashpoint, a Georgia Tech startup accelerator program.