$100K Challenge Venture Competition

Description

The $100K Challenge Venture Competition is a premier business plan competition hosted by the Franz Center for Leadership, Entrepreneurship, and Innovation at University of Portland. Underwritten by generous donors to the University, the competition promotes entrepreneurship and new business development by focusing on student created, launched, and managed ventures. Students are provided with expert feedback on their business plans and presentations, as well as and the opportunity to apply for funding to help launch their ventures.

Website

http://www.up.edu/cfe/default.aspx?cid=5693&pid=122

Competition Organizer

University of Portland

Local US Event
Portland, OR
Submission Date

4-06-2014

Business Plan Submission Date

4-06-2014

Awards Date

4-26-2014

Total Prize Cash (US Dollars)

$101,250

Competition Category
  • Graduate - Local U.S.
  • Undergraduate - Local U.S.
  • Business - Local U.S.
  • Business - All U.S.
  • Social Entrepreneurship
  • Technology - Green
  • Technology - Other
  • Specialized Industries
  • PitchBurner
Who's Eligible

Teams must be composed of 1-6 student member(s). 

Teams may not have non-student members. 

Non-students may be involved with the company outside the competition, but may not be a part of the competition team (i.e. may not present or answer questions for the team) and will not be eligible to receive any prize money. 

At least half of the team must be current, full or part-time University of Portland undergraduate or graduate student(s). 

All student team members must be currently enrolled, full or part time students at an accredited university or have graduated from an accredited university within the previous 6 months of the executive summary submission deadline for the competition. 

Teams may be comprised of undergraduate, graduate, or post-graduate students. 

Important Dates

Last day to register for $100K CVC - April 6th 

Founders Day Elevator Pitch Competition - April 8th 

Upload executive summary - April 12th by 5:00pm 

Business Plan Practice Presentation Session 2 - April 17th 

Upload full business plan (including financials) - April 19th by 5:00pm 

$100K Challenge Venture Competition - April 26th 

Competition Prizes

Finalists (top six presenters) in the for-profit track will be eligible for an investment of up to $100,000 (half cash and half support services) from the Launch Pad Fund, established by the UP donors. These Launch Pad Fund Investments are made upon the decision of the investment committee. Finalist teams will have until August 31, 2014 to submit their application, and if sleeved for investment, would then have up to six months to negotiate terms and complete the investment process, which must be made to a legally organized business entity. 

The winner in the Social Venture track will be eligible for a $2,500 grant and $2,500 in professional services award to assist in the launch or development of the social venture made by the Launch Pad Fund social venture committee. Winning teams will have up to nine months to apply for this award, which must be made to an eligible 501c.3 organization (or have 501c.3 status pending with the IRS). 

Additionally, prizes will be awarded to each 1st-3rd place team. The first place team will receive $1,250, second place team $750, and third place team $250. These amounts are to be divided among teammates, as determined by the team leader. The 1st place team from the social venture track will also receive a $1,250 prize.

Other Info

Please note: All submission deadlines are final. Late applications cannot be accepted and deadline extensions cannot be granted for any reason. The $100K CVC staff encourages each team to submit their executive summary early so that any technical difficulties can be resolved before the deadline hits. Failure to submit by the deadlines noted will disqualify a team from the competition.