After hosting one of the region’s premiere college business plan competitions for 14 years, the Tulane Entrepreneurs Association (TEA) completely redesigned the contest last year to better reward the practical aspects of what make startups successful – the ability to rapidly adapt to customers’ needs.
The 2015 Tulane Business Model Competition is offering up more than $25,000 in cash prizes to startups, but the application deadline is fast approaching. To enter, teams must submit a company description and other details by 11:59 p.m., Jan. 30 at: http://tulane2015.istart.org/.
To be eligible, teams must be led by at least two or more students enrolled at a college or university.
“The Tulane Business Model Competition is a way for Tulane University to recognize and foster high-potential ventures that have demonstrated the ability to test their assumptions in the field and then pivot based on that market feedback,” said Lina Alfieri Stern, director of operations with the Levy-Rosenblum Institute for Entrepreneurship.
Six semi-finalists will be picked to move to the next round this year, all receiving mentoring and the chance to network with a number of lean startup experts during New Orleans Entrepreneur Week in March. The three finalists selected by judges will then present their business models at Tulane University on Thursday, April 16.
More information about the competition is available at LRI.Tulane.edu/competition.php.