Win or lose, entrants also get valuable opportunities to polish their elevator pitches and presentations before professional evaluators, says Scherreik, who feels that face-to-face meetups have retained their value despite the ever-growing importance of virtual communication.
Eva designed the website and serves also as editor for the blog.
Hundreds of business plan competitions throughout the U. award tens of millions of dollars to entrepreneurs who have what it takes to enter and win.
Even more valuable than the funding may be the contact with potential mentors and the publicity that attaches itself to overcoming the long odds and triumphing in a big competition.“It gives you a lot more national recognition than being an aspiring entrepreneur working alone in your garage,” says Susan Scherreik, director of the Center for Entrepreneurial Studies at Seton Hall University, of entrepreneurs who win business plan competitions.
The university sponsors its own annual business idea competition called Pirates Pitch that awards $10,000 in prizes plus a grab-bag of business services to two winning teams.
And you don't have to win to benefit: Even losing business plan contestants get value from the experience because they learn to hone their narrative, presentation and business planning skills—skills that will serve them well if they go on to become business owners, Scherreik says.
Entering a contest, she adds, is an important part of the process of turning would-be entrepreneurs into actual entrepreneurs.His long-term plans involve bulking up the Orange list of guides and ultimately creating a major global publishing enterprise.The capital and contacts he gained from winning business plan contests significantly helped him on his way, Roth agrees.Your business idea is evaluated, along with your company’s representation and a forecasting market evaluation. After finishing your business plan, it will be evaluated by our panel of experts. This involves a presentation to external sources and industrial companies in the sector of Life Sciences and Chemistry.This competition provides Graduate-level University students and their teams a chance to compete in World's largest and most successful Business Plan Competition at Rice University in Houston, Texas.The winners of the Delhi and Brussels Finals will receive mentoring and coaching prior to entering the competition at Rice in an intense 3-day Boot Camp hosted by our Houston Chapter.Website for submission: Local European Event: Brussels (Leuven) Submission Date (Executive Summaries): 02-nov.-2014 PM Business Plan Submission Date: 23-nov.-2014 PM European Finals: February 2015 Who's Eligible *: The competition is for students enrolled in a degree program (students in certificate programs are not eligible) in the current academic year.Roth says that in addition to the narrative description of his business, he was also required to put together more conventional pitches.“You still have to have the Power Point decks and 20-minute presentation and all that,” he says.An exception will also be made for students from non-US universities that have a different academic calendar.Website: Eva-Maria Gottmann is an online communication specialist connecting communication and media skills with entrepreneurship.