With all the calls for ‘pre-packaged’ bankruptcy for Detroit and/or $25-$50 billion in government funding for the US auto industry to ‘recreate itself,’ it is clear the industry needs a need business plan.
From dealership strategy and product offerings to brand consolidation and alternative fuels research/ production, the US auto industry needs a completely new business plan. The window for ideas must to be wide open. Frankly, I don’t believe Detroit and Washington are capable coming up with the correct solutions. (With all due to respect to the Senator — who lived blocks from me on Capitol Hill and appeared to be an upstanding neighbor.)
Because of that, this blog is announcing the 1st Annual Save Detroit Business Plan Competition. Plans (video or document/pdf/ppt) can be sent to campusentrepreneurship / @/ gmail.com. Deadline is December 15, 2008. See full info, rules and eligibility requirements (which are subject to change) below. Thanks for entering!
Below are the beta rules and requirements for the 1st Annual Save Detroit Business Plan Competition. These rules and requirements are subject to change.
There is a page limit on docs (15 pages) and PPT (no more than 15 slides). Videos can be no longer than 5 minutes. Entries under 250 words can be posted in comments section.
Deadline is Dec. 15, 2008.
If your entry calls for government funding, no more than $50 billion can be allocated.
Some things to think about:
The US auto industry is a mess. We all know that. So ideas must be big. Detroit has a great history in music. Detroit is positively situated near the border. There are tons of talented engineers/designers in and around Detroit. The University of Michigan is a global research powerhouse.
Some more details:
Winners to be announced in early January 2009.
Winners will be determined by ‘editorial board’ of this blog.
Winner’s plan will be shared with readership of Campus Entrepreneurship.
A copy of the winning entry will be delivered to President-Elect Obama and his economic team as well as the Congressional Delegation from Michigan (From Carl Levin on down) and Governor Jennifer Granholm.
Entries must be sent to campusentrepreneurship /@/ gmail . com