Terrier Trap: $1K Business Concept Competition

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The goal of the Concept Competition is to help students learn about the process of formulating and refining a business idea, and presenting it to a group of resource experts from the university and local business community.

Competition is open to current undergraduate and graduate students only. One application per person/team.

Teams will be judged for the competition based upon the following criteria:

• Potential for the concept
• Evidence of sound strategic thinking
• Quality of written and oral presentation

Once applications are received, students are invited to present a five-minute overview of their business idea/concept to a panel of judges.

Competition winners will be eligible to receive up to $1,000 for the reimbursement of expenses directly related to the development of their business presented in the Concept Competition.

Once a team wins the competition they will have a faculty advisor assigned. They will then develop a set of milestones and deadlines for the completion of their business plan, gaining support from the faculty advisor.