Michigan Business Challenge
Calendar/Apply | Prizes | 2014
Winners | Intercollegiate
The Michigan Business Challenge is a campus-wide, multi-round business plan competition where student teams have the opportunity to win cash prizes totaling over $75,000, gain feedback from judges and expand their business network. In addition to cash prizes, the winning team members will each receive a Fitbit package which includes a Fitbit Tracker, a Fitbit Aria Wifi Scale, and Fitbit Gear.
Round 1 (December 5) kicks off the competition where more than 80 teams from across campus are expected to compete. Any student that submits an application will be invited to compete in Round 1. Teams selected to advance to Round
2 (January 23), the Semi-Finals and Finals (February 20) will have the opportunity to write a marketing and
financial overview for their company and complete a
business plan. During each round, teams will pitch to a panel of judges comprised of entrepreneurs and investors.
Teams that advance to Round
2 will also be eligible for consideration to participate in intercollegiate
business plan competitions and receive coaching and financial support from the Zell Lurie Institute to prep for and cover competition travel expenses.
- The Michigan Business Challenge is open to all current UM undergraduate and graduate students. Teams may add or remove members throughout the competition.
- At least one member of the student team must be the author of the business plan.
- The proposed business may be for a consumer or industrial product or service. The business may be for-profit or non-profit, though most competitive businesses demonstrate high growth and/or large market potential.
- Teams of students from different colleges within the University may submit a business plan. Only current UM Ann Arbor students may present the business before the judges, even if the team includes students from other campuses, different universities or non-students.
expansions of existing companies, real estate syndications,
tax shelters, franchises, licensing agreements for distribution
in a different geographical area, and spin-outs from existing
with revenue prior to the current academic year. Ventures that have raised equity capital from
sources other than the members of the student team before
the current academic year.
- A business
venture that reaches the Finals may not compete in future
Michigan Business Challenges.