Intent to Compete forms and Executive Summaries due
- Competition Organizer
Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies
- Submission Date
- Business Plan 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 University of Michigan undergraduate and graduate students. The proposed business may be for a consumer or an industrial product or service.
- Important Dates
Teams must submit an Intent to Compete form and an Executive summary by November 14, 2011. Round two deliverables (Market and Financial Overviews) must be submitted by January 9, 2012. Final business plans must be submitted by all semi-finalist teams on February 6, 2012. Semi-final and Final rounds of presentations will take place on February 17, 2012.
- Competition Prizes
Grand prize: $20,000
Runner up: $10,000
Award for Environmental and Social Sustainability: $7,500
Award for Cross-Functional Teams: $5,000
Most successful undergraduate team: $2,500
Best Written Plan: $2,000
Outstanding Presentation: $2,000
- 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.