The University of Bridgeport”™s Ernest C. Trefz School of Business is promoting youthful entrepreneurialism with cash in hand for those whose ideas spark brightest in a real-world presentation format.
The school”™s Business Plan Competition “is an opportunity for young entrepreneurs to develop their business concepts with direction and guidance from university professors and mentors as well as successful local and national entrepreneurs.”
The competition is open to all Connecticut high school and community college students. Participants will gain practical insights about starting, operating and growing a business, according to the school.
“The competition is designed to provide real-world experience about the business plan process, elevator pitches, funding, product commercialization and exit,” school officials said. “Judges will evaluate each team”™s business plan and presentation based on its feasibility and if it”™s supported by a sound strategy.”
Awards and categories include: $500 for Best Overall Business Plan: Community College; $500 for Best Overall Business Plan: High School; $250 for Best Plan second places for both high school and community college; and high school and community college awards of $250 each for Best Presentations.
There is a kick-off meeting 10 a.m., Sept. 25, room 104 of Mandeville Hall at the Trefz School of Business. The submission deadline is Nov. 6.
On Nov. 21, participants will make five-minute Powerpoint presentations to a panel of UB judges. The competition is headed by Tim Raynor, Trefz School assistant dean and undergraduate program director.
In addition to the Powerpoint presentation, participants will produce an 11-point written business plan including topics like industry analysis, marketing plan and assessment of risk.
