Michigan Business Challenge - Calendar
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The multi-round Michigan Business Challenge takes participants through the entire cycle of new venture creation from creating a strong pitch to conducting a marketing and financial assessment and writing a comprehensive business plan. The competition kicks-off in December with more than 80 teams competing in Round 1 and concluding in February with four competing teams at the finals. The Zell Lurie Institute facilitates start-up workshops to help prepare student teams for the deliverables due for each round of the competition. Workshop presentations and handouts are posted on Ctools in "Zell Lurie Institute" in the “Michigan Business Challenge” folder.
New This Year: Social Impact Track! This $15,000 award recognizes the business plan that best pursues a mission driven goal through its product/service offerings and underlying operations. Eligible teams will be selected during the first round of MBC to compete in the Social Impact Track starting during the second round. This award is co-sponsored by the Zell Lurie Institute, the Center for Social Impact, and the Erb Institute.
Intent to Compete form Deadline
Monday, November 17 by 8 a.m.
Eligible teams who submit a complete Intent to
Compete form as a single.pdf to firstname.lastname@example.org will be invited to compete in Round 1.
MBC Information Session
Wednesday, November 5 at 5:00 p.m., W2760, Ross School of Business
Start-up Workshop: How to Ideate
Wednesday, November 5 at 5:30 p.m., W2760, Ross School of Business
Learn how to brainstorm problems and solutions.
Start-up Workshop: The Pitch
Monday, November 24 at 5 p.m., R2220, Ross School of Business
Learn how to create the pitch for presenting to a panel of investors.
Students competing in Round 1 of the
Challenge are encouraged to attend this workshop to refine their pitch presentations.
Round 1 Competition & Format
Friday, December 5 1-5 p.m., Ross School of Business
Teams will give a three-minute pitch to
a panel of judges followed by four minutes to answer questions. Sixteen to twenty teams will be chosen to advance to Round
2. Each team will receive $200.
Round 2 Teams & Social Impact Track Teams Announced
Monday, December 8 by 5 p.m. via email
Market and Financial Assessment Due
Monday, January 12 by 8 a.m.
Round 2 competing teams must submit a seven-page
market and financial assesment that describes the market
need or pain, market size, and preliminary financial assessment, to email@example.com
To compete for the Williamson
Award and/or the Undergraduate
Award, please submit an application with the market
and financial assessment.
Start-up Workshop: Market Assessment
Tuesday, December 9 at 5 p.m., R1230, Ross School of Business
Learn how to prepare a company market assessment. Students competing
in Round 2 are encouraged
to attend to prepare their deliverable.
Start-up Workshop: Financial Assessment
Wednesday, December 10 at 5 p.m., R1230, Ross School of Business
Learn how to prepare financial information for a company. Students competing in Round 2 are encouraged to attend to prepare their deliverable.
Start-Up Workshop: Social Impact Assessment
Wednesday, December 10 at 7 p.m., R2220, Ross School of Business
Round 2 Competition & Format
Friday, January 23 1-5 p.m., Ross School of Business
Competing teams give a seven-minute presentation
that describes their company's solution to a pressing
market need or pain, an estimation of the market size,
and their financial assumptions. This is followed by ten minutes of questions from the judges. Eight-ten
teams will be chosen to advance to the semi-finals and will each receive
$300. Four teams will be chosen to compete in the Social Impact Finals.
Semi-finals and Finals
Monday, January 26 by 5 p.m.
Business Plans Due
Monday, February 9 by 8 a.m.
Semi-finalists and Social Impact Finalists submit their business plan as a single .pdf to firstname.lastname@example.org.
Start-up Workshop: Writing a Business Plan
Tuesday, January 27 at 5 p.m., R1220, Ross School of Business
Learn how to operationalize the business and communicate it through a well thought-out business plan. Students competing in the Semi-finals are encouraged to attend this seminar to prepare
Start-up Workshop: Investor Presentation
Wednesday, January 28 at 5 p.m., R1230, Ross School of Business
Learn how to communicate the financial needs of your business and look at it from an investor's perspective. Students
competing in the Semi-finals are encouraged to attend to prepare
Semi-Finals & Finals
Friday, February 20 9 a.m.-5 p.m., Ross School of Business
Semi-finalists present their
business plans for 15 minutes and will have 15 minutes to respond to questions from the judges. Four teams will be chosen by the judges to advance to the afternoon Finals. Finalists will discuss their
businesses with the judges during a 25-minute interactive
Michigan Business Challenge & Dare to Dream Awards Reception
Friday, February 20 at 5:30 p.m., Colloquium, Ross School of Business
Open to the public!
Winning teams for all the competition award categories and the
Fall and Winter recipients of Dare to Dream grants will be
announced during an evening reception at the Ross School of Business. All teams, applicants, and guests
are welcome to attend.