The University of Utah Business Innovation Competition

Description

The Utah Entrepreneur Challenge (UEC) is the largest student entrepreneur competition in the state. The competition focuses on developing a full business plan and offers over $100,000 of cash and in-kind prizes. University and college students throughout Utah are encouraged to compete.

The UEC competition begins in February. Student teams form and develop and executive summary to be judged. 30 semi-finalist teams will move on to the second rounf of judging, submitting a video and full business plane.

After the second round of the competition, 10 finalists will move on to the final round of judging, where they will present plan before a panel of judges. The judges determine the winners and the grand price of $40000 along with several other prizes at the Final Awards banquet in April.

Website

http://www.ues.utah.edu

Competition Organizer

The University of Utah

Local US Event
SALT LAKE CITY, UT
Submission Date

2-06-2013

Business Plan Submission Date

3-04-2013

Awards Date

4-10-2013

Total Prize Cash (US Dollars)

$100,000

Competition Category
  • Undergraduate - Local U.S.
  • Business - Local U.S.
  • Social Entrepreneurship
  • Technology - Other
Who's Eligible

The UEC is a student entrepreneur competition. Competing teams must be composed of at least one college or university student and meet all of the following criteria:

  • The team must be organized and directed by a student from college or university in the State of Utah
  • The founding student must be registered for a minimum of nine (9) credit hours during both semesters of the competition year*
  • The student team member must be involved in all aspects of the competition.

*Students who are enrolled for nine credit hours during the fall semester and graduate the same semester may request a review; upon the results of that review the student may or may not be granted eligibility based on conditions set by the UEC.

There are no restrictions regarding other team members. The UEC suggests building a team with a strong combination of accounting, finance, marketing and technology skills.

An individual team may provide more than one entry, however, each business plan must be registered separately.