Business Plan Competition
The Business Plan Competition was created to resemble the real-world process of launching a business. Student teams present a formal business proposal to a panel of judges made up of business professionals and venture capitalists. Our goal is for you to gain real-world experience while developing new business ideas based either on your own ideas and technologies or those developed by others. Many successful participants go on to launch the business they presented.
- Innovative Venture incorporates new technologies, products and processes that generally involve intellectual property, often from the University of Idaho Office of Technology Transfer.
- Entrepreneurial Venture focuses on traditional retail, manufacturing, or service ventures, including new or expanded operations.
- New Product Development pursues innovative solutions to social problems and has a mission of creating and sustaining social value. These ventures can be set up as a non-profit organization (i.e., 501(c) (3)), or as a profit-oriented business with a social mission. The Return on Investment (ROI) will be measured by an impact analysis and/or a financial ROI.