Do you have the idea for the next Apple, Google, or Starbucks? Get started by entering the College of Business Administration’s Business Plan Competition. The top three plans will win $5,000, $3,000, and $2,000 respectively.
This inaugural College of Business Administration’s Business Plan Competition is to develop and spur an entrepreneurial culture on campus. All UT undergraduate students are eligible to participate and have a chance to win part of the $10,000 in prizes. Students can enter any idea, from the world’s best lemonade stand to a new way to produce solar energy.
The competition seeks to provide participating undergraduate students a great opportunity in which they can develop skills in presenting ideas to investors and receiving constructive feedback. The most important aspect of the competition is that the participants learn about the new venture creation process through their team's efforts, the crafting of their business plan, their work with UT faculty, and their presentations to the judges.
Prizes
1st Place- $5,000
2nd Place- $3,000
3rd Place- $2,000
Deadlines
April 4th, 2008
Deadline for submission of 1st round criteria due to UTKCompetition@gmail.com by 5 PM
April 11th, 2008
Semifinalists make five-minute pitches to judges; six finalists selected.
April 16th-24th, 2008 (Exact Date TBA),
Six finalists present in-depth plans and presentations to a panel of judges; winners announced.
The College of Business Administration’s Business Plan Competition is being made possible by the College of Business Administration and their partners.
Entrepreneurship is a key driver of our economy. Wealth and a high majority of jobs are created by small businesses started by entrepreneurially minded individuals, many of whom go on to create big businesses. People exposed to entrepreneurship frequently express that they have more opportunity to exercise creative freedoms, higher self esteem, and an overall greater sense of control over their own lives. As a result, many experienced business people political leaders, economists, and educators believe that fostering a robust entrepreneurial culture will maximize individual and collective economic and social success on a local, national, and global scale.
(Consortium for Entrepreneurship Education)
