New Venture Competition begins Wednesday
Offering more than $75,000 in startup capital to student entrepreneurs, the New Venture Competition will celebrate its fifth year on Wednesday.
New Venture Competition StartUP, an educational introduction seminar, is scheduled to take place from 5-7 p.m. on Wednesday. Ideation Boot Camp will follow from 1-5 p.m. on Friday.
Both events are held in Grawn Hall Room 150 and are open to students from all majors. The event is free of charge.
Led by the College of Business Administration’s Isabella Bank Institute for Entrepreneurship, the competition is geared toward nurturing young entrepreneurs and their business ventures, all while giving them valuable practical knowledge, experience and monetary assistance.
Students create their own business ideas after evaluating new businesses and social impact ventures. Startup capital and in-kind services are awarded to student business ventures each year.
During the competition, student teams of two to five people present ideas and business models to more than 50 judges from across the country. Each contestant is judged from a field of eight categories, with the first prize winners receiving $30,000 in start-up money for their business.
Student workshops, coaching opportunities and career networking over an eight-month period provide competitors with plenty of useful training.
A series of twelve workshops will be offered, giving competitors the opportunity to learn from and work directly with experts. The competition begins next week and culminates with the final competition day on March 27, 2015.
The New Venture Competition was named the 2013 Educational Program of the Year by Automation Alley, Michigan’s largest technology business association. Learn more about the competition and key dates at the competition’s Web page.