RIT Business Model Competition

RIT BUSINESS MODEL COMPETITION

 

One Idea - $4000 for First Prize!

How lucky do you feel?

Submit your application to the RIT Business Model Competition. All full time RIT students in good standing are invited to apply.

 

Applications are due on Monday, February 24, 2020 at 8:00 AM. Final presentations will be held on Thursday, March 18, 2020 at 6:00 PM in Student Innovation Hall (SIH-1600).

 

                                           SPRING 2020 APPLICATIONS ARE NOW OPEN! APPLY NOW 

 


Guidelines

Business plans should describe a potential new business by thoroughly answering all of the questions in the application.

 

Evaluation

A panel of outside entrepreneurs (and entrepreneur service providers) will judge the contest. Business plans are evaluated based primarily on their realistic potential for success. Other pertinent criteria include: Professionalism of the abbreviated business model, compelling nature of the market opportunity, market need (actual or perceived), value provided to customers, clear definition of target market (customers) and their accessibility, scalability of business and societal value reflected through stakeholders.

 

 

 

RIT Business Model Competition Application and Rules

Business Model Competition Important Dates

The application deadline is Monday February 24, 2020 at 8 AM.

Applications for Spring 2020 can be found here.


Business Model Competition Prizes

Prizes awarded during the Business Model Competition are per team and split equally amongst the team.

1st Prize: $4,000/team

2nd Prize: $2,500/team

3rd Prize: $1,500/team

4th Prize: $1,000/team

5th Prize: $500/team


For more information contact Rupa Thind (email to rupa.thind@rit.edu).