01/24/2013 10:11 AM
BATON ROUGE – The LSU Student Incubator, a program of the Louisiana Business & Technology
Center, or LBTC, will host its 2nd Annual Venture Challenge this spring. The program
will award $25,000 to four student businesses.
“By giving students access to seed capital, this event is instrumental in retaining
university graduates in Louisiana and creating jobs for the community,” said Charlie
D’Agostino, LBTC executive director.
The Venture Challenge starts with a series of five free business planning workshops
open to all LSU students and culminates with a final competition when four students
will pitch their businesses to a panel of judges and a live audience. The judges will
then decide how $25,000 will be distributed among the four startups. The final round
will be held on April 19 at the Crowne Plaza Baton Rouge.
The Venture Challenge, a two-round business plan competition, will showcase LSU’s
brightest student entrepreneurs and provide their businesses with access to the capital
and resources needed to achieve long-term success. The deadline for the first round
of the 2013 Venture Challenge is Friday, March 15.
An information session and a series of five free workshops will be held in the months
leading up to the Venture Challenge at LSU’s Business Education Complex. The “New
Venture Workshops” series is open to all LSU students and will provide guidance to
entrepreneurs looking to launch or grow their businesses. Participants in the Venture
Challenge are encouraged to attend the workshops and meet with LSU Student Incubator
consultants for individual counseling. Although the workshops are free, pre-registration
is greatly appreciated, as seating is limited. More information and registration can
be found at http://www.eventbrite.com/org/1381113591.
The Venture Challenge is looking to support new, independent ventures in the early
growth stage. The startup venture must be a current member of the LSU Student Incubator,
and all LSU students are encouraged to become a member of the Student Incubator. Students
who are interested can apply online at www.business.lsu.edu/studentincubator. Any startup venture that fits these requirements, including non-profits, can enter.
For more information on the LSU Student Incubator, watch http://www.youtube.com/watch?v=iGbiT3kxzA0.
Please contact Jennifer Gatz Fowler, LSU Student Incubator director, or Shannon McCormick,
LSU Student Incubator associate director, at 225-578-7555 or firstname.lastname@example.org/ email@example.com for more information on the Student Incubator Venture Challenge.
The LSU Student Incubator assists students with business idea development so they
can have their business as a career option after graduation. The program supports
more than 40 student-run startups annually by providing one-on-one consulting, business
planning software, mentors and speakers from the business community, an Elevator Pitch
Competition, the Venture Challenge, and other valuable resources needed to start and
grow a business. The LSU Student Incubator is a program of the LBTC at the LSU Innovation
Park, which endeavors to enhance economic development in Louisiana through the support
of existing small businesses and the development of new businesses.
Like the LSU Student Incubator on Facebook (LSU Student Incubator) or follow on Twitter (@LSUStudentInc).
Posted on Thursday, January 24, 2013