Deadline:
December 01, 2024
Location(s)
Online
Overview
The NIBS Worldwide Business Plan Competition aims to stimulate entrepreneurship among students. Teams are challenged to conceive of a new service or product offering, and then create a business plan and concept pitch video aimed at convincing potential investors to finance the business.
Details
Each year, the three best submissions are selected by a four-person jury of business professionals and academics to compete in the Final Round. The videos produced by these three teams are then shown during a special session held at the NIBS Annual Conference in May, where delegate votes help to determine the winner.
Participants in the Business Plan Competition benefit in a variety of ways:
- experience creating a business model and writing a business plan
- familiarity with primary / secondary market research and the process of conducting feasibility studies
- feedback from a jury of senior managers and academics
- experience working as part of a team
- opportunity to sharpen organizational and communication skills
2025 Competition
The entry fee for the 2021 Business Plan Competition is €150. The deadline for registration is 1 December, 2024.
Opportunity is About
Eligibility
Candidates should be from:
Description of Ideal Candidate
Student Eligibility
The Competition is open to any student registered, for the duration of the Competition, in an undergraduate (bachelor level or equivalent) business program (commerce, administration, management, etc.) at any member institution of the Network of International Business Schools or through special invitation made by the host institution and the NIBS Board. Students on exchange at a member institution for the entire academic year may compete for that member institution, provided they meet other eligibility requirements. Individuals who have previously participated in the Competition may not enter again.
NOTE: To be eligible, a student must NOT have completed his/her degree requirements by the time the Final Round of the Competition is held (typically in May).
Dates
Deadline: December 01, 2024
Cost/funding for participants
AWARDS
The prizes awarded to the winning team of the Competition are as follows:
- A Championship Trophy awarded to the first-place finishers (provided by the host of the NIBS Conference)
- Cash prizes (provided by NIBS):
- €1000 for the first-place finishers
- €500 for the second-place finishers
- €250 for the third-place finishers
In addition, the host of the NIBS Conference will provide individual certificates to each member of the three teams that advance to the Final Round, signed by the NIBS organizers and the president of the judging panel.
NOTE: A representative of each school participating in the Final Round should be present during the Final (i.e., in attendance at the NIBS Conference) so that there is someone present to receive the prizes on behalf of the team. Often, this individual will be the coach/advisor of the team.
Un-save Opportunity
Internships, scholarships, student conferences and competitions.
