Michigan Business Challenge 2011

Website

http://www.zli.bus.umich.edu/events_programs/bpc_mbc_rounds.asp

Competition Organizer

University of Michigan Zell Lurie Institute for Entrepreneurial Studies

Submission Date

11-30--0001

Awards Date

11-30--0001

Total Prize Cash (US Dollars)

$60,000

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.