$100k Business Plan Finals
Application Season Will Start in Spring Quarter
Our $100k business competition will be back this year and will again be featuring two nights of innovation. First, on May 29th, we will have our Innovations and Technology applicants pitch their best ideas for you, and then, on June 5th, we will present our life sciences-based businesses. 1st place winners will walk away with $20k in cash, $20k in legal services from DLA Piper, and a number of other service prizes such as accounting and branding help.
Our Contestants are judged by the following criteria, so keep these in mind as you develop your idea
- Feasibility/fundability of this business. Could the young entrepreneur reasonably start this business given the right support? Would you give your money to this entrepreneur to start this business?
- Coach-ability. The most important determinant of a start-ups success is the team. Is the team cohesive? Do they have the skill-sets needed to persevere? Do they have past experience with one another and work well together? Most of all, do they take coaching well and learn quickly by listening and trying quick test trials for what they do?
- Entrepreneurial Spirit. Knowing that passion and perseverance are a key to success for an entrepreneur, how passionate is this student about their idea?
- Innovation. Knowing that entrepreneurs are innovators and a creator, how unique is the business idea? Is this an innovative business?