By: Caitlyn Emmett | Senior Office Assistant, Management & Marketing
Do you have a great idea for a business? Need some seed money to get you started?
Learn about the $30K Ellbogen Entrepreneurship Competition! You heard us right - $30K, as in $30,000!
Each year hundreds of projects are completed by students all across campus and many of these projects result in creative and innovative ideas, which very possibly could be taken to the next step as a marketable product or service. The $30K Ellbogen Entrepreneurship Competition (“$30K EEC”), hosted by the University of Wyoming College of Business (“COB”), is designed to encourage Wyoming students to act on their talents, ideas, and energy to produce tomorrow’s leading businesses.
All Majors & Wyoming Colleges are Welcome
Students from all colleges in Wyoming at the undergraduate and graduate levels are welcome to enter the competition. Multi-disciplinary teams that combine members from many different backgrounds are encouraged, as these teams bring together the variety of skills required for a successful venture.
Competitors will have the opportunity to meet and network with successful entrepreneurs who serve as mentors and judges for the competition. Winning teams will not only take home seed money, but they will also have the opportunity to have.
The $30K EEC is the largest student entrepreneur competition in the state. Since 2000, the competition has hosted more than 50 diverse student entrepreneur teams, awarded more than $329,000 in cash prizes, in addition to continued mentorship and logistical support.
The $30K EEC provides resources to aid students in the creation and implementation of their businesses. Students will also gain valuable skills and experience to help them transition to the competitive world of entrepreneurship and improve their ability to support or evaluate new ventures.
The $30K EEC provides competitors with valuable resources in the following areas crucial to a successful entrepreneurship:
- Networks of entrepreneurs, investors, and potential partners
- Mentorship by successful and seasoned professionals
- Education in specific business planning skills and general entrepreneurial insight
- Team Building opportunities
- Funding and support to help the winning team(s) start their venture
Launched in 2000 to encourage students at UW to cultivate their ideas and innovations to possible fruition, the $30K EEC was formerly known as the UW $10K Competition until 2011.
The competition is for student-created and –managed ventures, including new ventures launched by licensing university technology. Students are expected to:
- Be the driving force behind the new venture,
- Have played the primary role in developing the business plan,
- Have key management roles in the venture, and
- Own significant equity in the venture.
For more information about the competition visit www.uwyo.edu/business/ellbogen-30k or if you are interested in becoming a Mentor or Judge please contact firstname.lastname@example.org or (307) 766-3124.
Please comment below for questions!