Baylor University Entrepreneurship Program to Host New Venture Competition

New Venture Competition
Feb. 26, 2015

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Media contact: Eric M. Eckert, (254) 710-1964

WACO, Texas (Feb. 26, 2015) — Let the games begin.

Baylor University's entrepreneurship program is preparing to host its Fourth Annual Baylor New Venture Competition Friday, Feb. 27 to Saturday, Feb. 28.

“This year, we’re offering one of the biggest prize packages since the creation of the competition,” said Wes Nemec, program manager at Baylor University’s John F. Baugh Center for Entrepreneurship in the Hankamer School of Business.

The Baylor New Venture competition is a two-day, multi-staged business competition. Teams must come with original business plan proposals that will be critiqued in either a full — or speed — pitch competition. The featured categories of companies for this year’s competition are consumer and Internet technology companies and non-technology.

“Each applicant gets feedback on ideas. We hit them at every single stage of the competition with feedback, advice, critiquing, coaching and mentorship,” Nemec said.

This year’s competition will include 12 finalist teams from the University of Utah, Baruch College, University of Oklahoma, University of Pennsylvania, University of Arkansas, Oklahoma State University, University of Virginia, Texas Christian University, University of Houston and University of Maryland.

According to Nemec, the competition originally was formed to provide an opportunity for Baylor students, but went national once the entrepreneurial program saw its success.

“Baylor wanted an outlet for students to be able to advance their entrepreneurial ideas outside of the classroom,” Nemec said. “The heart of the competition is the educational aspect.”

The semifinal round will take place the morning of Saturday, Feb. 28, when the 12 finalist teams present in front of the judges panel. The chosen five finalist teams then will move on to present in the final round of the competition for the grand prize later that afternoon.

The final round of the competition will take place at 1 p.m. in Kayser Auditorium inside the Hankamer School of Business and is free and open to the public.

The Hankamer School of Business is located at 1428 S. Fifth St. in Waco.

For more information, please visit New Venture Competition’s website.

by Sarah Czerwinski, student newswriter, (254) 710-6805

ABOUT BAYLOR UNIVERSITY

Baylor University is a private Christian University and a nationally ranked research institution, characterized as having “high research activity” by the Carnegie Foundation for the Advancement of Teaching. The University provides a vibrant campus community for approximately 16,000 students by blending interdisciplinary research with an international reputation for educational excellence and a faculty commitment to teaching and scholarship. Chartered in 1845 by the Republic of Texas through the efforts of Baptist pioneers, Baylor is the oldest continually operating University in Texas. Located in Waco, Baylor welcomes students from all 50 states and more than 80 countries to study a broad range of degrees among its 12 nationally recognized academic divisions. Baylor sponsors 19 varsity athletic teams and is a founding member of the Big 12 Conference.

ABOUT HANKAMER SCHOOL OF BUSINESS

Baylor University’s Hankamer School of Business provides a rigorous academic experience, consisting of classroom and hands-on learning, guided by Christian commitment and a global perspective. Recognized nationally for several programs, including Entrepreneurship and Accounting, the school offers 24 undergraduate and 13 graduate areas of study. Visit www.baylor.edu/business and follow on Twitter at twitter.com/Baylor_Business.

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