The Midland Development Corporation Board of Directors approved an agreement with UT Permian Basin for the 2024-2025 Midland Entrepreneurial Challenge during the June board meeting. The Midland City Council approved the agreement later in July, giving the green light for another year of the MEC.
The Midland Entrepreneurial Challenge is funded by the Midland Development Corporation and administered by UT Permian Basin's Office of Commercialization and Innovation and the Small Business Development Center. Businesses located within Midland city limits are invited to participate in the challenge for their chance at a share of the $500,000 prize. An anonymous panel of judges will evaluate the final businesses after a series of seminars and projects that the businesses undergo.
Learn more about the challenge here.
Midland Entrepreneurial Challenge website.