Education

Springboard Business Plan Competition Added for Entrepreneurial Students

Bradley students interested in entrepreneurship already have a major developed just for them, an entrepreneurship club, a free trip to an entrepreneurship conference, and entrepreneurship magazine subscriptions. Now they get to participate in a business plan competition with the possibility of winning significant cash to start the business.

A local entrepreneur, Alexis Khazzam of Junction Ventures LLC, approached Bradley with the offer to underwrite a business plan competition for students. The competition, called the Springboard Business Plan Competition, offers over $20,000 in prizes this year and will grow even larger next year. Sponsors, in addition to Junction Ventures LLC, include Converse Marketing, Coyle Insurance, The Leiter Group, and Saturn of Peoria. Teams can also receive mentoring from faculty or community volunteers.

Business plan teams will consist of three to five members, all of whom must be undergraduate students at Bradley. Teams must file a letter of intent to compete by February 15, 2007 and will submit a final plan by April 15. Six finalists will later be judged by venture capitalists and others with interests in new ventures. An awards dinner will be held in late April. The first place team will receive $10,000, second place will receive $7,500, and third place will receive $5,000. In addition, winning teams will receive marketing assistance, insurance advice, legal assistance, and possibly even the use of a car for a year. Winners will also have the opportunity to receive additional funding by outsiders.

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Amy Doering has been hired as the Springboard Business Plan Competition coordinator. More information can be found on the Foster College of Business Administration website or by e-mailing Amy.


Students Receive Accounting Study Abroad Award

Emily Johnson, senior 3-2 accounting major, and Alyceson Hughes, sophomore accounting & finance major, were awarded the first of eight $1,250 study abroad awards. Alyceson will be traveling to Mexico as part of IB208, and Emily will go to Helsinki with Econ399. The travel awards are made possible by contributions from USA Funds, the nation's leading education loan guarantor, and alumnus Blake Devitt '69, who serves on their board. For details of the awards for accounting majors, please contact Jim Foley at (309) 677-3075.