Shocker Business Plan Competition

The Shocker Business Plan Competition is designed to encourage student innovation and venture creation by providing a forum in which students can present new business ideas to local business community leaders, including entrepreneurs and investors. The Competition is to help generate interest and awareness for the study of entrepreneurship in general and the Center for Entrepreneurship. This competition also helps generate new businesses in the state of Kansas and specifically in Wichita. The Shocker Business Plan Competition is open to all students enrolled in a four year university or college in the state of Kansas, by opening up the competition to schools outside of Wichita, the Center for Entrepreneurship is creating a positive and innovative image for Wichita State University.

The competition consists of three rounds. After entering the competition, each business plan will first go through the Screening Round where a group of judges read and evaluate the plans. The top 16 teams will proceed to the Trade Show. This round takes on a trade show format where each team sets up its own booth to attract visitors, among whom will be the judges for this round. All visitors are free to walk around the trade show room and talk to different teams. Each judge is to decide how much of a fictitious $10,000 investment fund will go to each team by the end of the round. There will be eight teams that rise from the Trade Show and will be eligible to compete in the Semi-Final and Final Round. There are two stages on the final day of competition. During the Semi-Final round, the eight teams will be divided into two brackets and each will give a 15-minute presentation to their panel of judges and answer any questions judges have. From the Semi-Final round there will be four teams, two from each bracket, which will proceed to the Final Round of the competition. The remaining four teams will be eligible to compete in the Elevator Pitch round. Out of the four teams, judges will select the top three teams to receive prizes. The results will be announced in the evening at the Center for Entrepreneurship Banquet.
Prizes
A total of $15,000 in cash will be awarded to the top three teams whose new venture ideas have the greatest potential for growth and for attracting outside financing. First Prize is a one-time payment of $10,000; second prize is a one-time payment of $3,000; and third prize is $1,500. The prize money goes directly to the student winners. The winning teams will also receive one-on-one consultation with senior managers from the local banking, legal, and accounting professions.

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• Jennifer Van Burkleo wrote (2 years ago):

  Yay!!! This thing is finally up and running!!!

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