With support provided by BB&T, the Center for Entrepreneurship at High Point University held the Seventh Annual Business Plan Competition on April 20, 2017. This year’s competition winners were awarded cash prizes totaling $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 evaluated 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 will be 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.
Friday, March 3, 2017: Competition 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.
Friday, March 17, 2017: Announcement of Finalists
Wednesday, April 12, 2017: Finalists Deadline: Full Business Plan, with Executive Summary
Monday, April 17, 2017: Finalists Deadline: Full PowerPoint presentation slides due
Thursday, April 20, 2017: Business Plan Competition: Cottrell, 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.
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