$100K Biz Plan Competition
Posted 1.20.06Weatherhead is sponsoring a business plan competition with $100,000 up for grabs in prize money.
Competition Will be Open to Students Nationwide and Entrepreneurs from Northeast Ohio
Up to $100,000 will be up for grabs in one of the nation’s largest business plan competitions, to be held this spring at the Weatherhead School of Management.
The $100K Innovation Challenge @Case, organized by the Weatherhead Entrepreneurship Club, is open to students from across the country and to Northeast Ohio-based entrepreneurs heading start-up companies with less than $100,000 in seed capital. The deadline for submitting executive summaries of plans is Monday, February 13. Final judging will take place Thursday, April 20 at Case Western Reserve University in Cleveland, Ohio.
“We are very pleased to host this exciting competition,” said Myron Roomkin, dean and Albert J. Weatherhead, III Professor of Management at the Weatherhead School. “Events such as these not only challenge the creativity and business skills of students, but serve as catalysts for economic development by creating new businesses and jobs.”
Funding for the competition is being provided by the Weatherhead School and The Institute for Management and Engineering (TiME), a joint program of the Weatherhead School and the Case School of Engineering. The portion contributed by TiME, $75,000, will go to a student- or company-generated plan from Northeast Ohio, while the $25,000 coming from the Weatherhead School will be earmarked exclusively for a student plan from anywhere in the country. A student winner from Northeast Ohio could receive the entire $100,000.
Brady Mullin, president of the entrepreneurship club and a second-year Weatherhead MBA student said, “We are very proud of the fact that, in organizing this competition, we have secured participation and funding from both Weatherhead and TiME. The multi-disciplinary aspect of this competition is one of its unique qualities.” Mullin added that the
$100K Innovation Challenge is one of the few business plan competitions organized and run entirely by students.
Among the judges for the competition will be Michael Feuer, founder of OfficeMax, Inc. and CEO of Max-Ventures, LLC; Mark Brandt, general partner of the Maple Fund; Tim Mueller, president of Phylogy, Inc. and former chief development officer for the City of Cleveland; Cathy Panzica, corporate transactions and securities attorney for the law firm Thompson Hine, LLP; and William S. Trainor, general partner of Mutual Capital Partners. “We believe we have assembled an outstanding panel of judges, who will provide tremendous insight into the challenges of starting and running a business,” Mullin said.