What is a Business Plan Competition?
Business plan competitions are usually designed to encourage students to act on their talent, ideas and energy to produce develop new business ventures.
Business Plan Competition Around the World
There are many business plan Competitions around the world, such as Moot Corp Competition, Lee Kwan Yew Global Business Plan Competition, and MIT $50K Entrepreneurship Competition.
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Samples of winners in the Business Plan Competitions.
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Moot Corp Competition 2008, The University of Texas
at Austin
-CUHK
team
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Thammasat Asia Moot Corp 2008
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Finalists team
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University of Oregon New Venture Championship® 2008
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Semifinalists team
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San Diego State University Venture Challenge April 2008
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Team Members Feedback
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Idea to Product Asia Competition 2005
- I2P Competition Video (under construction)
- Team Members Feedback
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The winner of the Lee Kwan Yee Business Plan Competition 2003
Imago Scientific Instruments
Institution: University of Wisconsin ˇV Madison, USA
Brief Description: Imago Scientific Instrumentˇ¦s Vision is to become the world leader in providing 3-dimensional atomic-scale imaging and analysis to nanotechnology industries through commercialization of out innovative Local Electrode Atom Probe (LEAP) microscope.
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Grand Champion of University of San Francisco Entrepreneurship Program
Mobius Microsystems
Institution: University of Michigan, School of Business, College of Engineering
Brief Description: Mobius Microsystems is an emerging technology company that is addressing many of the current problems and demands of electronic product manufacturers through the convergence of semiconductor technologies, or Microsystems. Mobiusˇ¦ Microsystems solutions effectively combine technologies from multiple domains including digital, analog, and mechanical onto a single chip to realize benefits greater than any of these technologies can deliver alone. Mobiusˇ¦ initial product is a high-performance, low-power, tunable, and reliable on-clip clock generator for synchronous semiconductors that is less than half the cost of any comparable solution on the market today.
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Finalists, 2003 MOOT CORP Competition
KidSmart-Global Champion
Brief Description: KidSmart Corporation has developed a new, patented vocal smoke detector that will significantly reduce the number of deaths and injuries to children during residential fires.
There are a wide variety of business plan competitions held worldwide. Listed below are some of the better known competitions. *
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- Asian MOOT Corp
Competition between the graduate business programs in Asia. The winner of the Moot Corp competition at the University of Texas represents the United States at this event.
- Babson College Business Plan Competition
Separate undergraduate and graduate student events.
- Bank One Business Competition
Participants must be a student in the Business Plan Preparation Course at the University of Colorado - Boulder.
- Bioscience Business Plan Competition
Open to academics, postdoctoral scientists and PhD students in all UK Universities and BBSRC-sponsored research institutes.
- Burton D. Morgan Entrepreneurship Competition
All Purdue students are eligible to participate in the event. Non-students -- such as students from other colleges, Purdue alumni and local residents -- can also be team members, but Purdue students must make the final presentations to the judges.
- Case-Weatherhead Business Launch Competition
Participants must have a technology-based business concept, have at least one team member who is affiliated with Case Western Reserve University as a student, faculty member, or alumnus.
- The Duke Start-up Challenge
Each team must include one full-time student in any program at Duke.
- First Capital Challenge
$50,000 competition for the best plan to start a high-potential business in Kingston, Ontario, Canada. Open to anyone, anywhere.
- GSAS Harvard Biotechnology Club Business Plan Competition
Open to entrepreneurs, students and professionals worldwide, and does not require Harvard University affiliation. The competition offers a $5,000 cash award for the first prize, a $1,000 cash award for second prize and an opportunity for early stage biotechnology companies to have their business plans reviewed by seasoned venture capitalists focused on this industry and other biotechnology experts in the Boston area.
- Global Social Venture Competition
Students must create business plans that demonstrate both economic and social value. Each team must have an actively involved, current MBA student from any business school in the U.S. or abroad.
- 2006 announcement
- Great Lakes Entrepreneur's Quest
Any person or group that has a business concept focused in or based on technology (such as an e-commerce platform, a life sciences application or advanced manufacturing breakthrough) can compete in the business plan competition. Each team must include at least one member who resides, works, or attends school in Michigan.
- Harvard Business School Business Plan Competition
Every team must have a minimum of one Harvard Business School second year student.
- The Marriott School Business Plan Competition
Open to Brigham Young University students.
- Maximum Exposure Business Plan Competition
Participating teams must consist of at least one current New York University Leonard N. Stern School of Business MBA student. The competition is also known as the Stern $50K Plus.
- Melbourne University Entrepreneurs' Challenge
Open to all members of the Melbourne University community. One team member must be a student of the university.
- Queen Entrepreneurs Competition
Founded in 1987, The Queen's Entrepreneurs' Competition is of the leading undergraduate business plan competition in Canada with awards totally to $25 000, the largest prize giveaway of any competition of its type in the country.
- 2006 announcement
- The MIT $50K Entrepreneurship Competition
All full-time and part-time MIT students at all levels of education and from any department, registered with MIT for the current semester, are eligible to enter.
- The Moot Corp Competition
One of the original competitions. MBAs from business schools around the globe come to The University of Texas at Austin each year to present their business plans to panels of investors.
- New Venture Challenge
Each team is required to have at least one student from the Graduate School of Business, University of Chicago. This includes campus, part-time, evening, or weekend students.
- New Venture Champion
Interuniversity competition sponsored by the University of Oregon.
- Oxford University Business Plan Competition
Open to anyone with an imaginative idea for creating a new business. Located in Oxford, England.
- Palo Alto Software Business Planning Competition
Contestants must submit plans that are for a new business that has been running less than one year, or for an expansion of an existing business. All plans must be in Business Plan Pro format.
- Rice University Business Plan Competition
Hosted by the Rice Alliance for Technology and Entrepreneurship, the Rice University Business Plan competition is open to graduate student teams from all universities who are interested in funding their company.
- Syracuse Business Plan Competition
Open to all graduate and undergraduate students enrolled at Syracuse University. Students must have been enrolled during at least one semester of the current academic year. Over $40,000 in prizes awarded to top three teams. Help sessions available to teams through the Business Plan Laboratory. Intents to compete can be submitted on-line.
- Tech Valley Collegiate Business Plan Competition
Open to all full-time registered students in a college or university located within the 19 county Tech Valley region. Cash and prizes total $50K.
- The SkiView Business Plans Competition
An in-house competition for students from the University of Arizona enrolled in the Berger Entrepreneurship Program.
- UC Berkeley Business Plan Competition
A self-funded, student-run competition open to ventures run by UC Berkeley students and alumni.
- UMass Lowell $10K Business Plan Competition
Open to all current UML registered students and alumni within one year of their graduation.
- University of San Francisco International Business Plan Competition
The competition is open to graduate students from all universities and features a Judging Panel of Silicon Valley Venture Capitalists and $25,000 in cash prizes.
- University of Washington Business Plan Competition
Open to students who are enrolled in degree-seeking programs at: Washington State University, Seattle Pacific University, Pacific Lutheran University, Seattle University, and the University of Washington.
- V.Dale Cozad Business Plan Contest
Open to all persons eighteen years and older. Additionally, at least one member of each team must be a full-time student of the University of Illinois at Urbana-Champaign and be in good standing during the duration of the Competition.
- Venture Adventure
An undergraduate business plan competition hosted by the Center for Entrepreneurial & Family Enterprises at Colorado State University.
- Venture Challenge
San Diego State University Business Plan Competition, open to all students currently enrolled or enrolled during the calendar year prior to the competition.
- Wharton Business Plan Competition
Any student(s) in any School of the University of Pennsylvania are eligible to participate as individuals or on teams. At least one member of each team must be an active student at the University of Pennsylvania (graduate or undergraduate). Partnerships between students and non-students are eligible.
- WPI Venture Forum Business Plan Contest
To be eligible, Business Plans must involve technology-based ventures and describe the development of a new product, a new application or process in an existing business, or the start-up of a new business.
- Y50K Yale Entrepreneurship Competition
A university-wide business plan competition that provides start-up funding, as well as educational, networking and mentoring opportunities, to Yale entrepreneurs.
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* List is adapted from http://www.smallbusinessnotes.com/planning/competitions.html
Samples of Winning Business Plan
They are available for reference at the CUHK Centre for Entrepreneurship.
- IOUworld.com
Brief Description: IOUworld.com is a web-enabled vehicle channelling global resources for the Non-Govt.--Non-Profit Sector from a large cross-section of individuals and organisations, resulting in the emergence of a captive community engaging in commerce.
- KentRidge.com -- The SME One-Stop Service Center
Brief Description: KenRidge.com provide a one-stop sercive portal deployed over the Internet to help SMEs gather quality information and ultimately be better able to compete in an increasingly sermless global marketplace.
- Pushplus Can
Brief Description: Pushplus Can is a modified Stay On Tab can which emphasizes such user-friendly features as convenience, safeness, and fun for end-users. It also provides advertising effects for beverage producers.
- Waterman Business Plan
Brief Description: Waterman is a new water recreation and lifesaving appliance which integrates the Waterman and the swimmer into one.With the help of Waterman, people can enjoy freedom in water.
Other Useful Materials
Other business plan competitions that may be of interest to students are:
The following information may be useful to competitors:
Intellectual Property
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