{"id":605,"date":"2008-02-05T13:52:51","date_gmt":"2008-02-05T17:52:51","guid":{"rendered":"https:\/\/biznews.fiu.edu\/?p=605"},"modified":"2008-02-05T13:52:51","modified_gmt":"2008-02-05T17:52:51","slug":"the-2008-entrepreneur-challenge-new-name-signals-new-opportunities","status":"publish","type":"post","link":"https:\/\/biznews.fiu.edu\/2008\/02\/the-2008-entrepreneur-challenge-new-name-signals-new-opportunities\/","title":{"rendered":"The 2008 Entrepreneur Challenge: New name signals new opportunities."},"content":{"rendered":"\n\n\n
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\nErica Courtney<\/strong><\/em><\/strong>, winner, New Venture Challenge 2007<\/em><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In recent years, the New Venture Challenge business plan competition gave budding entrepreneurs the chance to pitch their business plans and turn those plans into viable, profitable businesses.\u00a0 This tradition has been part and parcel of the College of Business Administration\u2019s commitment to preparing its students for entrepreneurial endeavors.<\/p>\n

This year, the tradition continues with a new name: the 2008 Entrepreneur Challenge. The scope of the challenge has changed as well, introducing two new competition tracks\u2014investment and social entrepreneurship. The college\u2019s Eugenio Pino and Family Global Entrepreneurship Center will host the event with sponsorships from the John S. and James L. Knight Foundation and the Ewing Marion Kauffman Foundation. In both tracks, the top-prize winner receives $10,000 and the runner-up receives $2,500.<\/p>\n

In another change, the center has opened the competition to not only Florida International University students and alumni but also to local residents.<\/p>\n

Two challenge tracks broaden and strengthen the competition.<\/em><\/p>\n

To qualify for the competition\u2019s Investment Track, the proposed venture must address the complete business concept\u2014from startup through implementation\u2014and qualify as an original seed stage, for-profit, start-up venture. The plan should demonstrate a significant return on investment and scalability. This track is open to all university students and alumni.<\/p>\n

For the competition\u2019s Social Entrepreneurship Track, the plan should focus on the creation of social value in a significant, sustained manner. The business plan mission and practices should incorporate a quantifiable social or environmental bottom line. The proposed venture must be an original seed stage, start-up social venture. All university students and alumni are invited to participate\u2014as are residents from Broward, Miami-Dade, Monroe, and Palm Beach Counties.<\/p>\n

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\u201cWe are excited to expand the Entrepreneur Challenge into new areas and to welcome new participants,\u201d said <\/span>Colleen Post<\/strong> <\/span>(MBA \u201903, BFA \u201900), associate director, Pino Center. \u201cWe feel this gives the university and the Southeast Florida community an unprecedented opportunity to showcase new ideas while providing a forum to attract investment for innovative business models and sustainable social messages.\u201d<\/p>\n

You be the judge.<\/em><\/p>\n

The Pino Center wants to make new connections with potential judges for this year\u2019s Entrepreneur Challenge.<\/p>\n

\u201cTypically, judges are professionals experienced in the investment or social entrepreneurship sectors,\u201d Post said. \u201cEntrepreneurs. Lawyers. Accountants. People working in operations or finance. All make excellent judges.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Erica Courtney, winner, New Venture Challenge 2007 In recent years, the New Venture Challenge business plan competition gave budding entrepreneurs the chance to pitch their business plans and turn those plans into viable, profitable businesses.\u00a0 This tradition has been part and parcel of the College of Business Administration\u2019s commitment to preparing its students for entrepreneurial […]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[10],"tags":[299,464,795,813,1999],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/605"}],"collection":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/comments?post=605"}],"version-history":[{"count":0,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/posts\/605\/revisions"}],"wp:attachment":[{"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/media?parent=605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/categories?post=605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biznews.fiu.edu\/wp-json\/wp\/v2\/tags?post=605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}