Clubs and Organizations
December 30, 2017
If you are a student and you want to bring in front some really interesting business ideas, then The Rice Business Plan Competition is the right event for you. This is one of the largest and most important student startup competitions for graduate-level students. The event is created and also hosted by the Rice Alliance for Technology and Entrepreneurship. This is the most important initiative created by RICE, with the idea of offering more support for your Entrepreneurs. The great thing here is that this is the 17th year for this competition and it has always managed to help new companies to start off the right way. It is schedule from April 5-7, 2018. Get more details on their offical website.
The teams are competing for around $1.5 million in cash and prizes, even if in the beginning the starting prize was $10000. This shows just how much this has grown and what a huge impact it has made during the past 2 decades. Now you will notice that 42 teams from all over the world are competing for the prize, something that's extremely interesting and downright spectacular to say the least.
Moreover, in 2016 alone there were more than 750 submitted by people that wanted to attend the event. Not only does it show how popular the event really is, but it also brings in front a great way for people to talk about the benefits of this event and how it can actually change lives.
In addition to that, there are around 180 corporate as well as private sponsors focused on helping the business plan competition take place to begin with. In addition to there, there are lots of venture capitalists as well as other various investors from around the country that volunteer as judges.
Most of the 275+ judges are coming from the investment sector, which offers them a great perspective in the case of a competition like this. Most of them actually started their own business, others have already exited the business world. But they all know what it takes to start a business, which makes them nothing short of perfect for something like this.
The competition is focused on helping the collegiate entrepreneurs come up with tremendous new ideas that would help them stay in front. It also offers a distinct, unique way for them to generate funding by sharing their best pitches as they compete for the high prize.
The Rice Business Plan Competition offers real world opportunities of learning about the business world. Attendees get to learn how to launch a business and they also get the chance to receive mentoring from experienced professionals like entrepreneurs and investors.
Then there's a great way for students to network with these investors and venture capitalists as well as seniors in the industry that may be able to help to get loan. All of this goes to show the tremendous power and unique benefits that can be brought with something like this. It's safe to say that The Rice Business Plan Competition is one of the most important business events for newcomers to the entrepreneurship world, so you should totally check it out!