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University of Maryland Announces Winners of Maryland High School Business Plan Competition
The University of Maryland announces the winners of the first Maryland High School Business Plan Competition.
Held on Saturday, June 9 at the University of Maryland, College Park, the competition featured five teams of finalists from four different counties throughout the state, who passed through two rounds of elimination and nearly 500 online votes, then presented their business plans to a panel of expert judges and a public audience.
Finalists competed for $10,000 in cash and prizes. Awards included scholarships to the University of Maryland's Entrepreneurship Essentials Online Program for high school students, which enhances students' entrepreneurship skills for launching an innovative venture, starting a new career, and diversifying their education. The non-credit, Web-based summer program teaches the fundamentals of entrepreneurship.
The Maryland High School Business Plan Competition promotes entrepreneurship and innovation in Maryland by giving entrepreneurial high school students the chance to win up to $10,000 in cash and prizes for the best ideas for new ventures and earn credibility by winning a prestigious competition from one of the top entrepreneurship schools in the country. The University of Maryland is ranked 18th among universities for undergraduate entrepreneurship by The Princeton Review and Entrepreneur Magazine.
All high school freshmen, sophomores and juniors in the State of Maryland were invited to apply. Team sizes could range from one to five students.
Mtech also hosts the University of Maryland $75K Business Plan Competition, now in its twelfth year, which encourages UMD students, faculty and researchers to leverage their talent and ideas to create tomorrow's leading companies. The competition process, its network of expert mentors and partners and the cash prizes awarded have helped many UMD entrepreneurs act on their dreams and build their own companies.
The competition has spurred multi-million companies and cutting-edge startups such as Squarespace, Lurn, AnthroTronix, Alertus Technologies, RioRey (then MacroPhage), Remedium Technologies, FlexEl, Resensys and Traffax.
Mtech offers programs, courses, workshops and competitions to help aspiring entrepreneurs learn how to bring their ideas and products to the world.
Mtech's entrepreneurship education programs featured 21 entrepreneurship courses with 865 enrollments in 2011, two living-learning programs, one community college transfer program, seed funding, and mentoring. Mtech's suite of programs add to these offerings with product development funding, free intellectual property services, entrepreneur office hours, a venture accelerator, incubator, and additional support for companies throughout their lifecycles.
June 21, 2012