The final application deadline for individuals and teams vying for $60,000 in cash prizes in this year’s GW Business Plan Competition is Jan. 28. Applications must include a two-page executive summary of the business plan being submitted.
Now in its fifth year, the GW Business Plan Competition has expanded to offer new prizes for the best ideas in sustainable technology, and for meeting the needs of senior citizens in the areas of hunger, social isolation or affordable housing.
The competition is open to individuals or teams of up to four people who develop written business plans and make oral presentations to the judges. At least 50 percent of the members of each team must be GW alumni, currently enrolled students or faculty – and one member must be a current student.
Winners will be announced in April.
The competitionhas grown significantly from its first year, when fewer than 100 teams, primarily from GWSB, competed for $30,000 in cash prizes donated by Florida Gov. Rick Scott and his wife, Ann.
Last year, the competition had a record 144 teams representing all 13 GW schools and colleges competing for $50,000 in cash prizes. This year’s cash awards total $60,000. Winning teams also receive noncash prizes, such as free legal, consulting and financial advice.
For more on the competition, including a schedule of key dates, go here.
Posted by gwsb on January 15, 2013 | Filed under: GWSB News.