Deadline: January 17, 2023 00:00 CET
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Date: February 25, 2023
Eligibility: open to all college students from participating colleges and universities in Utah
Location: Salt Lake City, UT, the United States
Utah Entrepreneur Challenge 2023
The Utah Entrepreneur Challenge 2023 (UEC) is a statewide, student business competition. Teams from universities across Utah compete for the best student business and a chance to win cash and prizes.
Compete for $60,000 in cash & prizes
The competition focuses on the development of a compelling student business and offers more than $60,000 in cash and a variety of other cash and in-kind prizes. They include accounting, legal, and consulting staffing and information technology services, and will be awarded to selected teams for additional preparation of their business plans and initial business development.
The Utah Entrepreneur Challenge will culminate with a final event at the University of Utah. Participating teams are judged by industry professionals, experienced entrepreneurs and community experts.
The Utah Entrepreneur Challenge 2023 will be held in person at the University of Utah. At the final event, contestants will participate in judging sessions and compete for the awards announced by the end of the day.
- Round 1: Business Model
The business model is a brief document that outlines the fundamental problem and solutions your business is addressing. The purpose of the document is to convince the reader that the business is viable and could operate in the real world. It includes the most interesting and important aspects of the business.
- Round 2: Video Submission (Top 20 Only)
Videos will give an opportunity to set you and your idea apart. The 2-minute videos should be persuasive and help judges understand your idea and explain your business model. Besides the time constraint, there are no set criteria for your video. Teams should decide what ideas they feel are most applicable for judges to know.
- Round 3: Final Presentation (Top 20 Only)
Teams will be asked to give a presentation and answer questions from a panel of judges regarding their presentation and business model. The presentation should reinforce and augment the business model submitted by the team in Round 1.
Interested in applying for the Utah Entrepreneur Challenge 2023? Register your participation by following the registration link and taking the suggested steps.