Tulane Business Model Competition
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College entrepreneurs are invited to enter the 20th annual Tulane Business Model Competition for a chance to win more than $40,000 in cash and prizes for promising startup ventures.
Hosted by the Albert Lepage Center for Entrepreneurship and Innovation at Tulane’s A.B. Freeman School of Business, the competition seeks early-stage ventures that demonstrate a market-tested ability to adapt to customers’ needs. It is open to ventures led by one or more students enrolled in a college or university. To enter, teams must submit their application and all supporting documents by the due date, to be announced this Fall.
“We’re pleased to bring the Tulane Business Model Competition back for its 20th anniversary year,” said Rob Lalka, executive director of the Lepage Center. “This is our premier annual event to identify, promote and support new companies. Every year I’m amazed at the talented student entrepreneurs who travel to New Orleans to hone their business models, and I look forward to meeting this year’s applicants.”
Following the initial application, judges will select six ventures to compete in the competition’s semi-final round. Judges will then choose three finalists to pitch their business models in a live competition to determine this year’s first, second, and third place prize winners.
The Tulane Business Model Competition (TBMC) emphasizes the importance of validating a business model through field research. The contest rewards ventures for breaking down an idea into a key business model hypotheses; testing their assumptions with customers; applying Customer Development / Lean Startup principles to make sure they refine the model for improved success; and pivoting until they have a customer-validated business model.