Executive summaries due
- Competition Organizer
University of Washington Foster School of Business, Center for Innovation & Entrepreneurship
- 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
Any full-time or part-time student who is enrolled in a degree-seeking program at an accredited college or university in Washington State can submit his/her 5- to 7-page executive summary to the competition. Companies generating revenue must not have earned more than $500,000 in annual revenue.
- Important Dates
Executive summaries must be submitted by all teams on April 6, 2011. The Investment Round, trade-show style event, is on April 27, 2011. Advancing teams must submit a full business plan on May 19, 2011. The "Sweet Sixteen" Round and the Final Round of the Business Plan Competition will take place on May 26, 2011 on UW's campus in Seattle, Washington. That evening there is an awards dinner at Bell Harbor in downtown Seattle.
- Competition Prizes
Grand prize: $25,000
Second place: $10,000
Third place: $5,000
Fourth place: $5,000
Several "Best Idea" Prizes will also be given out to teams for their exceptional work in distinct categories, such as retail, consumer products, or clean tech.
Teams that make it to the Sweet 16 are eligible to apply for an additional $10,000 - $25,000 in seed funding after the competition as part of the Herbert B. Jones Foundation Milestone Achievement Awards program. In total, $140,000 will be awarded to student teams to fund their companies.
- Other Info
The UW business plan competition offers a series of "Resource Nights" during the months of January - March to help competing teams prepare their business plans and presentations.