Deadline: February 15, 2018 11:59 GMT-0700 | Apply here
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Eligibility: competing teams must be composed of at least one Utah college or university student
Prizes: USD 100,000,- of cash and in-kind prizes
Location: Salt Lake City, UT, The United States
Utah Entrepreneur Challenge 2018
The Utah Entrepreneur Challenge (UEC) is one of the largest student business model competitions in the nation, open to all students in Utah. The competition focuses on development of a compelling business model and offers over $100,000 of cash and in-kind prizes.
All university and college students throughout Utah are encouraged to compete. This tremendous undertaking has been made possible by generous support from sponsors, mentors, judges, and faculty members from colleges and universities across the state.
The business model is split into three components in the Utah Entrepreneur Challenge:
- an executive summary submission,
- a video submission,
- the final in-person presentation during the UEC final event.
The top 20 teams will be chosen based on the judging results from the executive summary submission, and only the top 20 students will advance to rounds 2 and 3 of the UEC. The top 20 are also invited to exclusive finance and intellectual property workshops with industry professionals.
The UEC final event will include breakfast, pitch coaches for all 20 teams, 2 rounds of pitching to judges, lunch, a tabling showcase, and an awards presentation.
The judges will determine the winners of the various prizes, including the $40,000 grand prize.
The UEC provides resources to aid students in the creation and implementation of their business model.
Students gain valuable skills and experience to help them transition to the competitive world of entrepreneurship.
Dozens of past teams from the competition have successfully moved forward and become successful businesses.
The UEC is a student entrepreneur competition. Competing teams must be composed of at least one Utah college or university student and meet all of the following criteria:
- The team must be organized and directed by a student from a college or university in the State of Utah
- The founding student must be registered for a minimum of nine credit hours during both semesters of the competition year
- The student team members must be involved in all aspects of the UEC competition
- The team must not have been a finalist in past Utah Entrepreneur Challenge competitions from previous years
- The UEC suggests building a team with a strong combination of accounting, finance, marketing, engineering and technology skills
- An individual team may provide more than one entry, however, each executive summary must be registered separately
Company formation is not a requirement to enter the competition. Entries from existing companies are only accepted if they meet the following criteria:
- The company is no more than 24 months old as of February 2018.
- The cumulative revenue for the company has not exceeded $100,000 as of February 2018.