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Baylor University's New Venture Business Plan Competition Invites Student Entries

Oct. 26, 2012

Student teams from accredited colleges and universities in Texas are invited to enter Baylor University's second annual New Venture Business Plan Competition to promote entrepreneurship and small business development. The deadline to submit an entry is Nov. 30, 2012.

The two-day event in March 2013 is underwritten by an anonymous gift to Baylor University and the Hankamer School of Business. It provides students with professional feedback and the opportunity to win prizes to help fund their ventures. The event focuses on student created, managed, and owned ventures and includes a business plan and elevator-pitch presentations with $50,000 awarded in prize money.

"We are excited about this competition and the opportunity it presents for students at Baylor University and throughout Texas," said Wes Nemec, competition coordinator at Baylor. "Our goal is to foster entrepreneurial spirit and small business development while providing a first-class educational experience for students, and the New Venture Competition serves as a great catalyst to accomplish our goals."

In the elevator-pitch competition, one student from each team will have the opportunity to present their new venture in an elevator-pitch format to a live audience. The audience will choose the best pitches, and prizes will be awarded to the teams for each of the top three student presenters.

The business plan competition is a dual-round, team competition in which student teams will present their new ventures in a traditional slideshow format to a panel of judges. Prizes will be awarded to the top three student teams.

For additional information and to read the official rules visit the New Venture Competition web site at http://www.baylor.edu/business/newventurecompetition/ or email newventurecomp@baylor.edu

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