The page says applications open during the spring semester and that selected teams pitch in person. The captured pages do not list the 2026 pitch day. Executive summaries are limited to two pages.

Undergraduate and graduate students across the UT System. The applicant must hold majority ownership. The business must be a corporation, LLC, or partnership with a federal tax ID. The page also says a sole proprietorship with a business license has been allowed to apply in the past, but since the 2020 cycle a sole proprietor must form an LLC or S corporation before receiving funds. Applicants invited to pitch must show traction such as revenue, a recommendation, a purchase order, a memorandum of understanding, or participation in a program such as I-Corps. Past winners may reapply if they show how earlier funds were used.