CIE Business Plan Competition 2008
FOSTER SCHOOL OF BUSINESS, SEATTLE, WASHINGTON, USA - April 23, 2008 -
The UW Business Plan Competition is the marquee event for the Center for Innovation and Entrepreneurship. In the past ten years, the UW Business Plan Competition has awarded over $700,000 in prize money to 66 student companies. The competition is designed to promote student ideas and venture creation by providing a forum in which students can present new business concepts to local venture capitalists, entrepreneurs, and investors
The Investment Round, arguably the most exciting event of the competition, follows a trades show format in which teams set up intricate displays and interact with judges to pitch the team’s idea. The judges, all prominent members of the local entrepreneurial community, are given one thousand “CIE dollars” to invest in a portfolio of teams that they consider the "most viable" – that is, with the best chance for success in the real world. At the end of the event, investment dollars are collected and tallied. The sixteen teams receiving the highest “funding” are announced at a reception immediately following and advance to the next round, the Sweet Sixteen.
Photo by Paul Gibson.