Questions ~ Student Business Concept Competitions
If you still have questions after reading
this FAQ, email us
» Who is eligible to apply?
Submissions are accepted from any registered, full-time,
college student in Virginia or North Carolina. If your
team is selected as a finalist, your team will present on
April 13, 2011 at The Inn at Virginia Tech and Skelton
Conference Center in front of a live judging panel and
audience. The winning team will be announced the same day
at the Networking Reception and Student Awards
Presentation at 4:00 p.m. in Latham Ballroom at The Inn.
» What kind of business idea can I
Technology-based business ideas.
» Can I participate on more than one
Yes. A separate Intent to Compete registration
must be submitted for each team/concept.
» Is there a fee to apply?
Yes, there is a nominal $25 application fee for each
» If I am a Virginia Tech student, may I also
submit my idea to the other Student Business Concept
Competition open to college students from universities in
Virginia and North Carolina?
No; students from Virginia Tech can only
submit their ideas to the local Virginia Tech Student
» What is the maximum team size?
Teams may consist of up to five students and only
full-time students are eligible to participate and
receive prizes if selected as a finalist team. Students
can elect to work with teammates registered at a
different college or university in Virginia or North
Carolina. The average age of team members may not exceed
» How developed does my business idea need to
Although this is a business concept competition, you will
be expected to explain the customer need being met by the
product or service, size of the market opportunity,
competitive advantage, business model and value
proposition (how will your company make money), and some
financial projections and funding needs/sources.
» Who will be evaluating my idea?
The judges consist of business leaders, seasoned
entrepreneurs, and/or investors.