Schulze School of Entrepreneurship
About the Fowler
Mission: Encouraging students to act on their ideas and to develop an attractive business proposal that they can confidently pitch to investors.
Focused on energizing the entrepreneurial spirit of UST students across campuses and colleges, the competition challenges students to develop a business concept that has the potential to become a viable, high-growth business. The teams that submit the winning business competition in each of two divisions (undergraduate and graduate) receive $10,000 scholarships from the University of St. Thomas.
While competing in these divisions, teams may also compete in a third division, new in 2013, which recognizes social ventures. The team winning this division receives a $5,000 scholarship.
The Fowler Business Concept Challenge is open to all UST students registered for the fall semester, including undergraduate, graduate and doctoral students.
Students can compete individually or in teams of no more than three. Entries register in either the Undergraduate or Graduate Division and can be considered for the social ventue division. All members of Undergraduate Division teams must be undergraduate students. Teams registering in the Graduate Division must have at least one currently registered UST graduate student (master’s or doctoral level) on the team. Other team members must be currently registered UST undergraduate students.
“The University of St. Thomas has long been recognized as a leader in nurturing and enhancing the entrepreneurial spirit in our community,” says Christopher Puto, dean of the Opus College of Business. “Students throughout the university are encouraged to explore their potential, search out new opportunities and use the skills and knowledge they have acquired to make a difference in the world. This competition honors that philosophy while allowing the university to demonstrate the caliber of its students in a very public way.”
How it Works
Each team will create and submit a five-page description of their concept for a new business (due October 28, 11:59 p.m.) explaining the product or service, the target customers, the value proposition to those customers and a description of the potential market, including size. Finalists for the undergraduate and graduate divisions will be chosen from among the initial submissions.
Finalists will then prepare a 20-minute presentation of their concept and present it on Friday, November 15, to a distinguished panel of judges drawn from the entrepreneurial, business and investment communities. The teams that present the best business concepts will be awarded scholarships.
$10,000 scholarship to first place in each division.
$5,000 scholarship to runner-up in each division.
$2,500 scholarship to second runner-up in each division.
Awards for social ventures.
All applications must be e-mailed to email@example.com by 11:59 p.m., October 28, 2013 (ID numbers must be requested by 5 p.m. that day).