Competition promises yearlong programming and abutment to Michigan State apprentice entrepreneurs
EAST LANSING, Mich., Sept. 25, 2018 /PRNewswire/ — Michigan State University’s apprentice entrepreneurs can apprehend a deeper, added allusive acquaintance in creating and ablution their own startups through the alliance of mid-Michigan’s two pre-eminent business archetypal competitions.
Michigan State University’s Burgess New Venture Challenge is accessible to MSU undergraduate and alum students. Visit eship.msu.edu/burgessnvc for antagonism capacity and deadlines.
The Burgess New Venture Challenge combines the Broad Business Archetypal competition, sponsored by the MSU Eli Broad College of Business/Burgess Institute, and the GreenLight Michigan Business Archetypal Competition, managed by Spartan Innovations. The anew formed antagonism focuses on accouterment Michigan State University acceptance the resources, support, and programming all-important to aerate their account and potential.
“By amalgamation these two competitions, we’re ensuring greater empiric acquirements outcomes,” said Ken Szymusiak, managing administrator of the Burgess Institute for Entrepreneurship & Innovation at the Broad College. “Going forward, every apprentice who commits to the affairs will see class and structural abutment advised to account the advance of their startups.”
Traditionally, both competitions occurred during the aforementioned bounce timeframe. “We’ve been discussing the accumulation of these two challenge for some time,” said Paul Jaques, administrator of apprentice and association assurance at Spartan Innovations. “GreenLight Michigan has been a allotment of mid-Michigan’s ambitious association for six years, now. It’s time for it to evolve.”
Hosting both challenge in the bounce was creating “a bit of overlap. Teams that were accomplishing able-bodied were entering both competitions,” said Szymusiak. “Our ambition is to animate greater apprentice involvement.”
The new antagonism will be staged over several months of the academy year. “That’s how we’ll ensure quality,” Szymusiak said. “We’re authoritative it added of a program. Instead of animadversion out a [business] plan in a weekend, acceptance will get the adventitious to ysis and clarify their ideas.”
Students will be able to administer to access the antagonism during the abatement semester. During that time, they will be asked to appear bristles workshops—each of which will be offered several times during the abatement semester—on capacity accompanying to creating a acknowledged business model.
Then, at the alpha of the bounce term, applicants will accommodated and be commutual with advisers who will advice them added advance their plans. There will be a plan achievement borderline ancient in February, with anticipation demography abode in March. Antagonism finals will booty abode in backward April.
“It doesn’t amount if you’re a apprentice or a PhD student. The plan and your adeptness to authenticate a able operational and sales action will aphorism the day,” Szymusiak said.
Like the Broad Business Archetypal contest, the Burgess New Venture Challenge will action banknote or scholarship prizes accretion $56,000.
The new competition, like the old Broad Business Archetypal competition, is accessible to all MSU students. Non-students who accept had absorption in applying to 2019’s GreenLight Michigan antagonism can still assurance up for added statewide competitions, like Accelerate Michigan, which are accessible to all.
For added advice about the Burgess New Venture Challenge, go to: eship.msu.edu/burgessnvc.
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