Do you have a business idea in your head, but no capital to motivate yourself to take the first steps and begin writing the business plan? Consider entering the 2018-19 Student Business Plan Competition.
The Pennsylvania State System of Higher Education (PASSHE) has opened registration for the 2018-19 Student Business Plan Competition, where the top students will receive up to $10,000 funding for their future endeavors.
Competitors are encouraged to use their imagination and insight as a millenial to create a business plan that shows true promise. Last year’s winner, Logan Chernicky from Clarion University, used his $10,000 prize to pursue his business idea “Enhanced Visual”- a Drone surveying company. His company’s customers now include big names in the oil & gas industry and construction.
From big to small, the competition allows for any type of business plan to be submitted. Whether it is an idea to sell clothing to college students or a new application for phones, the judges look only for true potential. The competition also allows for students with existing businesses to submit their business plans.
By submitting a condensed business plan through the PASSHEbiz.org website, students are entered and will be screened by the first round of judges. The plans go through two additional groups of judges until the finalists are selected. From there, the finalists will pitch their businesses over the phone for the final round of judges.
Entrepreneurs and business students from every state school in Pennsylvania are allowed to enter the competition. PASSHE’s competition last year resulted in over $17,500 in prize money given to students from a mix of colleges.
The application deadline for the competition is November 30th. Business plans must be completed by February 13th. Additional information can be found at the Millersville Entrepreneurial Leadership Center, located in the Adam’s house as well as on the PASSHEbiz.org website.