Encouraging Entrepreneurship Among Students and Alumni

The University of Miami Business Plan Competition and the Hurricane Idea Challenge, both hosted by the School of Business Administration, encourage entrepreneurship among students throughout the University of Miami. The School recognizes that successful business ideas can come from a wide range of disciplines and may originate from an individual or from a group of individuals.

The Hurricane Idea Challenge is a stepping stone for all participants to qualify for the annual Business Plan Competition held in April 2018. Students and alumni who would like to participate in the Business Plan competition must submit a concept paper by October 23, 2017, to qualify for the Hurricane Idea Challenge live pitch on November 15, 2017 and finally be eligible to participate in the 2018 Business Plan Competition. Undergraduate non-Business School students must complete two workshops on Business Plan Essentials and Financial Modeling offered by the LaunchPad. These workshops are open to all undergraduate and graduate students participating in the business plan competition.

The Business Plan Competition has two separate tracks: (1) undergraduate student track; (2) graduate student and alumni track.

Prize Money

Nearly $50,000 in Prize Money was Awarded in 2017

Following a review of all entries, teams are selected as semifinalists and are invited to submit detailed business plans. Finalists are announced in the spring semester and invited to present their business plans before judges. The judges select the top three teams in each track: (1) undergraduate; and (2) graduate and alumni to continue in the competition and pitch to a "live" audience for the Grand Finale. Nearly $50,000 in prize money and services is awarded at the Grand Finale. Kelly Pierce (right) won first place and $10,000 in the graduate student/alumni category in 2017 for Pierce Plan.

profiles on all 2017 winners

2017 Competition Winners

Ventures producing a high-performance computer with a water cooling system and an online portal to help high school student athletes obtain college scholarships have taken top honors in the 2017 University of Miami Business Plan Competition, hosted by the School of Business.

2017 Awards and Winners

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