Business Plan Contests Winning a business plan contest is a great way to get started on a new venture. Not only do you get credibility and validation, but you also often will get some helpful startup funding to boot. Let's say you have drive, ambition, and a great idea for a startup company. But before you give up on your vision for the next great American business, you might want to consider one more option:
May 07, They took the feedback into consideration, changed their product without changing their mission and persisted — all the way to first place in the Business Plan Challenge High School Track.
Their winning concept is Smart Straws, which detect the most common rape drugs and turn blue when they are placed in nonalcoholic or alcoholic drinks.
No one covers what is happening in our community better than we do. The judges liked the simplicity of the concept — one judge called it brilliant — because the straws could be distributed by school organizations and campus health clinics, for example, and students could carry them in their purses.
Acknowledging the product could be easily copied, the judges also liked that the girls were looking into patent protection. Young entrepreneurs in the making Victoria Roca, left, Carolina Baigorri, middle, and and Susana Cappello, creators of a business plan for Smart Straws, a business plan contests of straws that detect the most common date-rape drugs when the straw is placed in a drink.
A survey the team conducted at Northwestern University found that 85 percent of respondents said they would use such a straw.
Half of them knew someone who had been drugged at a party. Through research, the students found out that GHB and Ketamine are overwhelmingly the most common club drugs, so they set out to develop a first product that can test for those two; tests for other drugs could be added later, Victoria said.
If the drinks are found to be safe, they can be consumed because the tests would not contaminate the drink, she said. While drug test kits already exist, the student team had doubts about how widely they are being used by college students.
Initially they considered putting the tests in some form of jewelry. Straws are easy to carry, inexpensive to make and something that bars, sororities, fraternities and other student organizations that host parties could easily stock and hand out.
Campus health clinics could also distribute them, along with literature about ways to stay safe. They also want to make the straws eco-friendly. They have designed the straws and are perfecting the formula, and we are very proud of them. The team has been consulting with a test kit maker about the manufacturing issues and potentially making the product for them.
They want to have more discussions with campus organizations and clinics, and explore the patent process. To fund the venture, the team proposed a crowd-funding campaign. Regardless of the outcome, it has been a learning experience that they will carry with them.
All are interested in pursuing business and entrepreneurship in college. Victoria, a senior, has been accepted into Babson College and is looking forward to taking her first university course on entrepreneurship.
Entrepreneurship is in her blood; her grandfather founded Digitel in Venezuela; her mother also is an entrepreneur. She also helps her cousins as an ambassador for their app business.
Susana, a junior, also comes from entrepreneurial stock. Her father, Juan Pablo Cappello, was one of the founding investors for The LAB Miami and has been involved in numerous ventures as an entrepreneur or investor.
Carolina, also a junior, watched her aunt and uncle, Ed and Crissi Boland, as they launched their HeroBoys toy line in the past year and learned about the process of starting a business. In class, the trio worked on their written business plan and pitched their concept to the class many times.
The first few presentations were terrible, they conceded.
To hone their presentation skills, the team watches pitch competitions at the LAB and online, learning by example.Contests and Promotions Select a promotion or contest from the list below. The UW Business Plan Competition (BPC), organized by the Buerk Center for Entrepreneurship, provides a real-world experience for student entrepreneurs, promoting student ideas and new venture creation to the entrepreneurial community.
The Business Plan Competition was started in by Dr. Harriet Stephenson, a Seattle University faculty member since It is designed to help students and alumni in launching new business ventures, including for-profit businesses, not-for-profit businesses, corporate entrepreneurship, and .
Business Plan Competition II ORU Students of ALL MAJORS can compete for $5, in prizes!. This competition is designed to equip and empower students from .
Previous Winners. Below is a list of previous winners of the Business Plan Competition. Click on the links to read more about their winning business plans. Business Plan Competition Members of team YNot Bike deliver their winning presentation. Winning Teams. Congratulations to the winning teams!