- Competition Organizer
University of Michigan Zell Lurie Institute for Entrepreneurial Studies
- Submission Date
- Awards Date
- Total Prize Cash (US Dollars)
- Competition Category
- Graduate - Local U.S.
- Undergraduate - Local U.S.
- Who's Eligible
Open to all current University of Michigan undergraduate and graduate students and current Medical Innovation Center Fellows.Ventures with revenue prior to the current academic year are excluded from the business plan competition.
- Important Dates
Executive summaries are due on November 15, 2010. Market and Financial Overviews are due on January 10, 2011. Semi-final and final rounds of the business plan competition will take place on February 18, 2011. During the finals, the four finalists teams will discuss their business plans with the during a 25-minute interactive session. Winners will be announced at the Awards Reception following the final round.
- Competition Prizes
The Michigan Business Challenge offers an award pool of over $60,000, which includes the $20,000 Best Business Award.
- Other Info
All students who write a complete executive summary for their proposed business will compete in Round One of the Michigan Business Challenge. Those that advance to Round Two, Semi-Finals, and Finals will write a marketing and financial overview for their company and finish a complete business plan. During each round, teams pitch their businesses to a panel of judges comprised of entrepreneurs and investors and answer their questions.