This is an interesting spin on the business plan competition. An angel ‘investment’ group in the USA (Cambridge, MA) is proposing to run a business competition where the entrants “pay to play” and thereby fund the investment pool. The organiser of this venture says:
“…entrants will get not just a chance at the big prizes, but enough advice from a group of experienced advisors and service providers that the $4,995 entry fee could be a good investment even for teams that don’t win.”
Is this a good idea? Should start ups really be investing their limited financial resources in entering business competitions?
Global Entrepreneurship Week
November 16th, 2009It’s Global Entrepreneurship Week! There are loads of events and competitions going on this week. You can check out the whole thing over at the main site .
The The Make Your Mark Challenge 2009 was also launched today aiming to “Let local inspiration lead you to a ‘cool’ creation”. Over 70,000 students are working on the Challenge today, making it the UK’s biggest one day enterprise challenge! You can find out what they are up to here.
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