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FedEx Institute Holds Business Plan Competition
For release: Jan. 23, 2006
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Do you have a great idea for a new product or service? The FedEx Institute of Technology at the University is holding a Business Plan Competition to encourage students and researchers to produce top-quality businesses.

Anyone with a business strategy for a marketable product or service is encouraged to enter. There are no geographic restrictions on teams for the competition. Teams must contain at least one full- or part-time student, either in college or high school. Many entries are expected to include breakthrough technologies, but any innovative entry is welcome. Organizers expect 30 to 50 teams to submit business plans and summaries.

The competition comprises workshops on business and business plan topics. Workshop dates and their topics are: Jan. 26 (executive summary), Feb. 9 (business plan foundations), Feb. 22 (marketing and markets), and March 4 (legal organizations/financial projections). The deadline for executive summaries is Feb. 16; the deadline for business plans is March 9. Finals are April 1.

Entrepreneurs, venture capitalists, professors, and other professionals will judge contestants on their business plans and summaries. Plans will be evaluated on their market potential and the team's ability to execute their business plan successfully.

Executive summary winners in four categories will each receive $1,000. Business plan winners will receive $20,000 for the grand prize, $5,000 for first runner-up, and $2,500 for second runner-up.

For details, contact Eric Mathews at 901-678-5105 or emathews@memphis.edu.

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Last updated: 03/18/2008 16:13:17
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