Rice Business Plan Competition’s Gigantic Prize Pool

Over $800,000 in prizes available to student run start-ups at the Rice University Business Plan Competition. Ka-ching!!!! Here are the rules for this university sponsored business plan competition. According to the site there have been 84 successful start-ups launched after competing. This one is well worth looking into and it highlights how certain entrepreneurship programs and universities have taken entrepreneurship education to a different level.

Entry closes February 5th and if you file your letter of intent you will receive a free copy of Palo Alto Software’s Business Plan Pro.

From the website:

42 Teams will be selected to compete at Rice University on April 15-17, 2010 in Rice Business Plan Competition.  Teams will compete for more than $800,000 in cash and prizes including a Grand Prize worth approximately $325,000.  Every team accepted into the Rice competition is guaranteed to win at least one cash prize.  The competition will be judged by more than 200 venture capital investors, angel investors, and other members of the entrepreneurial community.  Competitors receive incomparable feedback, networking opportunities and mentoring. Between 2001-2008, 85 teams who have competed have gone on to launch their ventures and have raised more than $150 million in funding.  More than 80% of 2009 competing teams have successfully launched their companies.

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