The main impact of this Business Plan Competition will be the development of a new business in the local economy. Aside from potentially creating new local jobs as the business expands, the competition also allows Marietta College to work collaboratively with the local business leaders and contribute to the community's economic development.
What is the award?
The winning student or team of two students will receive a cash award, startup expense reimbursements, and in-kind services, totaling up to $10,000 to support their new for profit business venture. The award recipients will also receive support from the College’s faculty and staff, as well as local business and community leaders who will serve as mentors.
Who can compete?
This competition is open to all Marietta College students who are juniors or seniors as of September 1, 2017 and would like to start their own for-profit business. All competitors will complete and submit the same Business Plan Template.
What should I do first if I am interested?
Submit an “Intend to Compete” form online before noon on Monday, October 17, 2016. We will send you an email confirmation.
What will happen next?
We will contact you to invite you to participate in a variety of information sessions/workshops in the months of October, November, and January. These sessions are designed to provide you with tools and resources that you need in order to prepare your business plan.
When is the submission deadline?
The deadline to submit your Business Plan for the competition is noon on Monday, February 20, 2017. You will receive instruction on how to upload your Business Plan online.
How are the winners selected?
A panel of three external judges will review and evaluate your plan based on your creativity and entrepreneurial vision, the degree of feasibility and sustainability of your proposed project, among other factors. They will then choose the top three acceptable plans based on their merit. All contestants will be notified of the judges’ decisions on or before noon on Monday, March 20, 2017. The top three acceptable plans will be presented before the judges in a special session at the McDonough Leadership Conference on Friday, March 31, 2017. The winning plan will be announced immediately.
Note that, regardless of the number of Business Plans entering the competition, a winning plan must meet a minimum standard. For more information, contact Dr. Jacqueline Khorassani at email@example.com