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Business Plan Competition for Former, Current Students

March 18, 2011
Business/Education

      The Entrepreneurial Studies Institute and Business Management Department at Anne Arundel Community College are hosting the 8th annual Business Plan Competition this spring to showcase former and current students’ plans for new business ventures.

      The deadline to submit business plan entries to compete for cash prizes is noon Friday, April 1.

      Sponsored by BB&T Bank, the competition is open to individuals and teams. Individuals must be AACC students in good standing who are currently enrolled in at least one credit or noncredit class or who completed an AACC course between April 1, 2010 and March 31, 2011. At least half of a team’s members must meet the enrollment criteria.

      The winning student and team will each receive a cash prize and the opportunity to move their business operation into AACC’s student business Iincubator rent free for up to two years. The Incubator is in the Careers Center building on the Arnold campus.

      The plan must be original and may involve a new startup venture, a new product or market development of an existing venture less than three years old. Presentations should mock an investor presentation seeking a specified investment or loan for a proposed return.

      The final competition presentations take place before an audience at 8 a.m. Thursday, April 28, on AACC’s Arnold campus. Finalists will be notified by April 18. Three to five finalists are selected to present their plans and answer questions from a panel of judges comprised of entrepreneurs, investors, commercial lenders and entrepreneurial scholars.

      For competition information and specifics, call 410-777-2363, visit www.aacc.edu/esi/bizplan/default.cfm or e-mail Stephen Berry at smberry1@aacc.edu.