The Skandalaris Business Plan Competition is presented by the EMU Center For Entrepreneurship.
The competition has university/community college and high school categories, as students compete separately for prize money. For each category, first place is $1000, second place is $750 and third place is $500. There is also a $200 prize for “best presentation.”
Plans are judged by professional business counselors from the Michigan Small Business Development Center (MI-SBDC) and EMU Entrepreneurship Faculty.
The competition was re-named in 2010 to honor EMU alumnus Robert Skandalaris; author, entrepreneur, and philanthropist.
The business plan is due by February 18, 2020
Each finalist will be notified in advance and is required to present at the award ceremony at the Sesi Midwest Entrepreneurship Conference that will be held at Eastern Michigan University on March 13, 2020, at the EMU Student Center. Only finalists will be notified.
To participate in the competition, one must meet the following requirements:
All deadlines must be met to be eligible.
Each finalist team/individual participant must attend the award ceremony (Sesi Midwest Entrepreneurship Conference) and provide a short power point presentation of the plan.
Waivers and Releases
Protection of highly confidential information is the responsibility of each participant. All Business Plan proposals will be handled confidentially. Only the organizers and the judges will have the access to the complete business plans. However, judges and organizers will not be required to sign nondisclosure documents. In case of a conflict of interest, the particular business plan will be assigned to a different judge.
Each team must complete application and submit the plan in PDF format.
BUSINESS PLAN ENTRY SPECIFICATION
The following guidelines must be followed for each business plan entry.
Each uploaded business plan must include:
1. Company addresses an important problem or opportunity.
2. Business concept and revenue model/social value model are clearly articulated and meet customers' needs.
3. Company solution is better than anything offered by competitors and is defensible.
4. Existing and planned team can credibly implement the business plan.
5. Marketing and sales approaches are appropriate for acquiring customers.
6. Company has a reasonable financial plan.
Center for Entrepreneurship
401 Owen Building, 300 W. Michigan Avenue
College of Business
Eastern Michigan University
Ypsilanti, MI 48197
Phone: (734) 487-9263
FAX: (734) 481-3354