FAQ
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Who's eligible to compete?
To compete at Crossroads Collegiate, you must be currently enrolled as a student at any Indiana college or university. Your startup needs to be based in Indiana (that is, have a headquarters here, or 50% of your employees live here). You should be early-stage, with ARR (annual recurring revenue) of less than $250,000 a year.
Do I have to travel to Bloomington?
Nope! Crossroads Collegiate is completely virtual to allow students from across the whole state to compete. Our Round 1 judging is asynchronous, based on the videos we receive during application. The finals are held over Zoom.
What does it mean to win investment from Flywheel?
The winner takes home a $2,500 investment from Flywheel Fund. You get a check and access to an incredible network of experts, investors, and mentors. In return, Flywheel Fund gets a small stake in your startup.
If you make it to the finals, we’ll ask you for more information and help you prepare for investment.
Will the event be live or over Zoom?
Round 1 will take place asynchronously, using the pitch videos uploaded with your application.
The finals will be held live over Zoom.
Do I have to pre-register?
Nope! You can just apply. But if you want to make sure that you don’t forget to apply by the deadline, go ahead and pre-register. We’ll email you a reminder a few days before the deadline.
What are VCI tax credits?
VCI tax credits make your startup more appealing to Indiana investors. If you win Crossroads Collegiate, Flywheel Fund will ask you to complete some paperwork to make that possible.
Getting set up for VCI tax credits is free and just takes a couple steps. First, create an Access Indiana account with the IEDC. Once you have that, you’ll be able to apply to become a Qualified Indiana Business through the IEDC portal. They’ll send you a letter to confirm your application, then you’ll fill out one more form.
Hey, you’re not getting discouraged by paperwork, are you?! Because your startup is awesome, and people are going to want to invest. YOU CAN DO THIS. We’ll help.