entrepreneurship
RSS icon Email icon Home icon
  • Social Entrepreneurship Competition Announced – ENTR200 Students eligible

    Posted on February 2nd, 2010 admin 24 comments

    I recently received the following email:

    The Social Entrepreneurship Initiative at Purdue University has been awarded funding from the Motorola Foundation for the 2010 National Idea to Product® Competition for Social Entrepreneurship.  I [Nancy}would like to invite you to submit a student team entry for this year’s competition.

    Awards are:  1st = $10,000, 2nd = $8,000, 3rd = $2,000

    · This is not a business plan competition.

    · It is a product-feasibility competition.

    · The product does not have to be complete.

    · Projects that have identified a strong concept and a compelling need have done well in past events.

    · The nonprofit or NGO partnership does not have to be “official.”

    Your team will need to fill out the attached RFI along with a brief description of the project.  Please keep the description to one page-500 words or less, much like an executive summary.  It will be blind reviewed.  To protect the integrity of the program, please refrain from mentioning the university in this document.

    Just touch briefly on these issues for the  RFI (include attached cover sheet)

    Make sure to address:

    (1) Potential partnership with Local, National or International non-profit organization.

    (2) Benefits the product/service provides in keeping with the social mission of the partner,

    (3) Type of technology or service provided.

    Deadlines and timeline:

    Feb 12, 2010 This RFP will be due.

    Feb  24, 2010 Notification to top 12 teams

    March 26, 2010 3-5 page document due from participating teams

    April 17, 2010 National Idea to Product Competition for Social Entrepreneurship.

    If this type of competition does not fit your program, please feel free to forward on to others.

    Again I apologize for not getting this information to you earlier.  Please feel free to call or email me for more information.

    Good Luck!

    Nancy

    Nancy Clement

    Burton D. Morgan Center for Entrepreneurship
    Social Entrepreneurship Initiative

    Interim Director -

    Community, National, Global

    1201 W. State St.

    West Lafayette, IN  47907

    765.494.9884

    http://www.purdue.edu/innovate/

    http://cathub.org/liaisons

    http://web.ics.purdue.edu/~nic/

     

    24 responses to “Social Entrepreneurship Competition Announced – ENTR200 Students eligible”

    1. This sounds like a great opportunity! I wish we would’ve known about it a little earlier. I’ll have to start brainstorming some ideas.

    2. How many universities are involved in this? Is it open to the public or by invitation only?

    3. what institutions are participating? are there any prerequisites to join?

    4. This would be an awesome opportunity. considering the first step is due next week, I guess we will have to start thinking now. I wonder how many people enter.

    5. The main question is, once we submit our ideas, who owns the intellectual property rights? Entering a competition for the chance of winning a little money doesn’t really make a lot of sense if Motorola becomes the rightful owner of the ideas and the potential royalties that go along with them.

    6. This is an excellent idea for us new entrepreneurs. I would love to assemble a team and enter this competition.

    7. Oh, the things I could do with $10,000…

    8. This is a great opportunity for everybody. there is really no reason to not enter this contest. Just look at the prize money.

    9. Sandino Cavallo

      $10000 for an idea sounds like a good bargain. I have a concept that I have been thinking about so count me in.

    10. Wish I had know about this earlier too, but that doesn’t mean its not possible, Should be interesting to see if I can crank this out in the next week.

    11. This is a great competetion. I have a great amount of stuff on my plate. I wish I had more time to work on this.

    12. Alexandra Graves

      I wish I had some great ideas for this competition because I definitely would love to have $10,000!

    13. Anthony Sikorski

      This looks like a good way for a beginning entrepreneur to get going. They just provide an idea and make some money, with their winnings they could even start doing more to make some of their ideas reality.

    14. Good thing is that you don’t have to show the end product or its business plan. Only its feasibility. Personally I never liked business plans.

    15. count me in! i can’t wait, i got some good ideas brewing up.

    16. Sounds like fun, I will noodle on some ideas and enter if I have something good

    17. This competition looks really good. I hope someone who deserves it wins.

    18. I am ready to get together a team and start brainstorming. The $10,000 would be a start to get things rolling.

    19. Like Hank said in class, this competition usually does not receive many offers like the Burton D. Morgan Competition. It is time for us to take advantage and get some money in our pockets!

    20. Kamran Malhance

      While this may be true, $10,000 is a considerable amount of money. It will not be a walk in the park. I’m excited about how eager everyone is to take advantage of this opportunity but don’t let the $10,000 deceive you. It will be a tough, lengthy process that everyone will be forced to complete before the first deadline. Is everyone ready for that time commitment??

    21. I for one have too many things going on, researching feasibility seems like something that could take a little bit of time, and frankly I will need to wait till the summer. Once I’m done with Rube I will look into other competitions. great tidbit to think about though if you have the time. Kamran’s got it.

    22. Soroosh Karamyar

      This competition is very interesting! Im going to throw together one of my ideas and see what happens. Wish me luck.

    23. I was thinking about joining this competition. I think that it would be pretty fun, and $10,000 isn’t too shabby!

    24. Courtney M. Cronk

      this is something I REALLY wanted to do, but just didnt have enough time or enough notice. do we have this every year? because i would be more than happy to spend my summer thinking up of product feasiblity ideas and putting them into words. i really want to do this next year, does it take place every semester?

8 visitors online now
8 guests, 0 members
Max visitors today: 9 at 01:39 am UTC
This month: 11 at 09-01-2010 12:01 am UTC
This year: 101 at 01-21-2010 07:23 pm UTC
All time: 101 at 01-21-2010 07:23 pm UTC