Amy Sallin, assistant director at Buerke Center for Entrepreneurship came to speak with us last week. She spoke to us about competitions in entrepreneurship and gave us advice about how to get advice in entrepreneurship. One such competition she mentioned was Buerke Center for Entrepreneurship's Business Plan Competition in which $70,000 is awarded in prizes. The money won can set your business and pay off expenses/new employees.
Andrew added on to what Amy mentioned and said that this would be a great opportunity for us to enter our business plans that we will turn in at the end of the class. Amy also told us that there are more benefits than just the funding involved. By entering the competition, we will be able to build our network of contacts, receive coaching/mentoring, feedback on our idea, and be able to market our idea to other participants/potential investors. The network of contacts could especially be helpful for us in case we want to start a business later or looking for a new job. Because the process lasts six months, it is experience that demonstrates your commitment to go from start to finish
The Buerke Center of Entrepreneurship Business Plan Competition does have outright cash prizes for 1st/2nd place and other finalists. However there are other rewards as well. Amy listed two of them, $5000 AARP prize for addressing challenges faced by low income seniors, and $5000 Wells Fargo Clean Tech prize that harnesses renewable materials and energy sources.
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