People running on a track

Venture Funding

Do you have the next best sport idea? Are you the founder of a sport-related initiative that will positively change the world through sport? The Global Sport Venture Challenge, paired with Global Sport Venture Development program can help fund your idea. No sharks here, just support and mentorship for the next best sports innovation!

If you’re ready, the ‘apply’ button below will take you to our external application form on Venture Devils where you can get started. Have more questions? Read our FAQ below, e-mail us, or fill out an interest form.

Venture funding FAQ

Venture Devils supports all ASU student, faculty, staff, and community-based entrepreneurs.

The program aims to catalyze the entrepreneurial success of founders by connecting them with Venture Mentors who provide regular, ongoing support. This dedicated mentorship is paired with an optional online Venture Devils course, which is designed to challenge, monitor, and advance the venture development process. As part of Venture Devils, founders may receive direct access to ASU funding opportunities and venture development spaces.

First, competitors apply to the ASU Venture Devils program. Venture Devils applications are accepted and processed five times per year, coinciding with the Fall, Spring, and Summer academic start dates.

Applications must be submitted exactly one week before classes begin. Why you might ask? This application deadline cycle is essential to ensure that the Venture Devils team is able to review application information and match it with an appropriate Venture Mentor and Funding Network track (like the Global Sport Venture track) prior to the start of the session.

Once the startup joins the ASU Venture Devils family, they will be invited to participate in the bi-annual Pitch Playoff and Demo Day events. During the Pitch Playoffs each October and March, several volunteer evaluator panels will determine which startups are worthy of an array of available seed grants, ranging between $1,000 and $100,000 in value.

Finally, during the Demo Day events each December and April, a judging panel determines which startups are worthy of seed grants and other resources.

The Global Sport Venture Challenge (GSVC) is a funding track within ASU’s Venture Devils program. GSVC and the follow-up Global Sport Venture Development program (GSVD) assists qualified students, faculty, and community entrepreneurs in developing their products and/or services to appeal to sport-related market segments. GSVD provides the ventures with up to $10,000 in grant funding, one-on-one coaching, university resources, and access to a carefully curated network of advisors and strategic partners.

The Global Sport Social Impact Challenge (GSSIC) is a funding track within ASU’s Venture Devils program that provides support for groups or individuals that are looking to positively impact the world through sport. Qualified applicants can receive up to $10,000 in grant funding in addition to one-on-one coaching, university resources, and support from strategic advisors to help develop their concept. These concepts could include community programs, educational opportunities, training and mentorship programs, building or converting sport facilities to better serve communities, forming a non-profit, starting a league, bringing sport to an area that doesn’t have access to it, and more.

Each year the Global Sport Institute puts on a two-day event highlighting topics, speakers, and presentations that coincide with the institute’s annual theme. In 2019, we chose to utilize the first day of the summit to highlight GSI’s research and innovation programs. Each year, we will look to invite the top ventures from our Spring and Fall Demo Day sessions to perform a live pitch at the Global Sport Summit and compete for additional funds and other various prizes.

Our Funded Ventures

 

Billibars
Force Impact Technologies
Pursuit Health Technologies
Strax Gear
Meal Plan Ninja
Murphy Mobility
Keep the F.A.I.T.H.
Hoolest

Read our latest Sport Innovation News

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Arizona State University and Arizona Lottery announce partnership to expand ASU’s sport innovation efforts

Oct 13, 2022 Applications now open - Up to $50k, workshops, promotional resources, and mentorship available for sport-specific start-ups
2018–2019 Global Sport Venture Devil winning ventures awarded and photographed with GSI CEO Kenneth L. Shropshire and Associate Director of GSI Innovation Programs, Jeff Kunowski, at the 2019 Global Sport Summit Lustre roof-top happy hour.

Winning ASU Global Sport Venture Devils Named at GSI Annual Summit

Aug 30, 2022 Global Sport Venture Devils, the partnered program between the Global Sport Institute and ASU’s Entrepreneurship & Innovation, presented final pitches at GSI’s annual event, the Global Sport Summit.
The winning venture, “Strax Rack,” is a made from re-purposed environmentally friendly Moso Bamboo. Once graduated from its prototype phase, the Ski rack aims to serve as a talking piece for all outdoor enthusiasts and further capture value within alterna

Global Sport Venture Devils: Spring 2019 Demo Day

Aug 30, 2022 Global Sport Venture Devils, a partnered program between the Global Sport Institute and ASU’s Entrepreneurship and Innovation, took place last week at Skysong and featured ten innovative pitches.