- Competition Organizer
BYU Marriott School, BYU Ballard Center for Economic Self-Reliance
- Submission Date
- Business Plan Submission Date
- Awards Date
- Total Prize Cash (US Dollars)
- Competition Category
- Graduate - Local U.S.
- Undergraduate - Local U.S.
- Social Entrepreneurship
- Who's Eligible
- Students currently enrolled at Brigham Young University-Provo, Brigham Young University-Hawaii, or Brigham Young University-Idaho may compete in the competition.The venture can be a nonprofit, a for-profit, a hybrid of both, or even a division of an existing organization. However, the competition’s purpose is to develop innovative ventures in seed, start-up, or early growth stage.
- Important Dates
Business plans must be submitted by January 24, 2011. The top three teams will be chosen as finalists after a semi-final round, and the competition finals will take place on April 7 & 8, 2011.
- Competition Prizes
1st place: $10,000, 2nd place: $4,000, 3rd place: $1,000
Prize money in the amount of $3,000 will go the "audience's choice."
The three winning ventures may each receive up to $12,000 additional funding as they meet specific milestones jointly set with the competition judges and advisors.
- Other Info
Milestones to be reached in order to receive additional prize money include:
- Launch (venture legalization, partnership agreements)
- Initial product delivery
- Secondary funding received (non-founder, non-family donor/investor funds received at certain levels)
- Consistent growth (certain number of months of profit, increased customers, or product delivery, etc.)
- Specified social return on investment reached
- New partnerships arranged