Archive for May, 2011

Business Plan Competitions

Saturday, May 14th, 2011

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The concept of a company plan competition first began in the 1980’s at the initiative of some MBA students from Texas and has increasingly gained popularity. Such events happen yearly and rejoice a great affluence of contestants, which highly increases their competitiveness.

Contests

Arranged by Universities

* Babcock Elevator Pitch Competition – Wake Forest University

* Business Creation Contest – Ball State University

* Moot Corp. Competition – University of Texas

* Duke Start Up Challenge – Duke University

* IBK Capital Ivey Business Plan Competition – University of Western Ontario

* OFC Venture Challenge – Clark Atlanta University

* Enterprise Experience – Colorado State University

Held by business organizations

* Jungle Business Plan Challenge – Jungle Media Group

* S.E.E.D. Business Plan Contest – TechKnowledge Point Corp.

* Enterprise Bowl – National Institute for Entrepreneurship and Carrot Capital

You may wonder likely what precisely do these contests consist of and where does their popularity come from?

Coordinators

Even though patrons and the coordinators are often universities, there are many business organizations that host business plan contests.

Contestants

Business plan contests are pupil entrepreneur events. The competitions are arranged either for undergraduate or graduate students and it doesn’t need to must be MBA students. The contestants could be engineers, pupil scientists, MDs or alternative specialists who strive to make a workable business plan expecting to enter such contests.

Some other levels were additionally reached by the prevalence of such contests: business plan competitions are also formed with the intent of giving individuals the chance of beginning a company. Business plan contests generally occur as intercollegiate occasions, but firms who would like to ease the initiation of new businesses have additionally taken over this competition formula.