With support provided by Truist, the Center for Entrepreneurship at High Point University will hold the Eleventh Annual Business Plan Competition on April 14, 2021. This year’s competition winners may be awarded cash prizes totaling up to $25,000 for the most successful business plan ideas.
The annual competition is open to all High Point University undergraduate students enrolled full time in the spring semester of the competition year, regardless of course of study, with a few caveats as noted in the Rules/Requirements below.
A panel of judges consisting of entrepreneurs, investors, and local business leaders evaluate each business plan and the corresponding presentations made by the chosen finalists.
The objectives of the High Point University Business Plan Competition are fourfold:
Who: HPU Undergraduate Students enrolled full time in the spring semester of the competition year – no more than three students per business team
What: Cash prizes awarded for the most successful business plan ideas.
When: Spring semester of each year
How: This is a six step process:
Step 1: Complete the application.
Step 2: Announcement of finalists.
Step 3: Complete and submit the full business plan with an executive summary.
Step 4: Complete and submit the full PowerPoint presentation.
Step 5: Present the full business plan. Finalists present their business plans to outside judges – 15-minute presentation with a 10-minute question and answer session from the judges.
Step 6: Judges rank the presentations and business plans based on standard investment criteria and then determine the rank of the competitors.
Wednesday, March 3rd, 2021: Application Deadline
Applications will be reviewed by faculty and local entrepreneurs, and will be scored based on innovation, feasibility, and additional factors. The numeric scores from all evaluators will be tabulated and the finalists will be selected based on the highest average scores.
Monday, March 15, 2021: Announcement of Finalists
Wednesday, April 14, 2021: Business Plan Competition: Callicutt Auditorium in Congdon Hall, 5:00 pm to 7:30 pm
Finalists’ presentations to the panel of judges, who will determine the top winners and the amounts of awards in the competition, are based upon the innovation and feasibility of the written business plan and presentation.
Writing, communication and presentation skills are key considerations for this competition.
Helpful link: application
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