LSU LBTC to Host Student Incubator Venture Challenge
BATON ROUGE – The LSU Louisiana Business & Technology Center will host the inaugural Student Incubator Venture Challenge on April 20 at the Lod Cook Alumni Center.
The first annual Venture Challenge will award $20,000 cash to four student businesses. The two-round competition will provide members of the LSU Student Incubator the opportunity to win seed capital and is considered by LBTC to be instrumental in retaining university graduates in Louisiana and creating jobs for the community.
In the first round of the Venture Challenge, students will submit business plan online for consideration in the competition. A panel of judges will score the plans based on predetermined criteria and choose the top four that will advance to the final round. In this final live round, students will be given 10 minutes to present their plans in front of an audience, followed by 10 minutes of questions from the judges. In both rounds, the panel of judges will be made up of members of the LSU and local business communities. Winners will receive cash awards for the advancement of their ventures.
A series of free workshops will be held in the months leading up to the Venture Challenge at the Louisiana Emerging Technology Center. The “New Venture Workshops” series is open to the public 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 Small Business Development Center, or SBDC, consultants for individual counseling. Although the workshops are free, pre-registration is greatly appreciated. More information and registration can be found on the LSBDC website, www.lsbdc.org, or directly at http://www2.lsbdc.org/Events.aspx?mode=4&area=Alexandria+%26+Central+Louisiana&miles=25&zip=00000¢er=18002&topicnum=0&days=30&sort=T.
Jones Walker law firm is a sponsor of the Venture Challenge and has provided a $10,000 contribution to the program. For more information about the Venture Challenge and sponsorship opportunities, visit http://www.business.lsu.edu/Louisiana-Business-Technology-Center/Student-Incubator/Pages/Venture-Challenge.aspx. Donations to support the Venture Challenge may be made through gifts of checks or cash. Please make checks payable to the “LSU System Research & Technology Foundation.”
For more information on the Student Incubator Venture Challenge, please contact Jennifer Fowler, LBTC student incubator director, at 225-578-7555 or firstname.lastname@example.org.
Launched in September 2010, the LSU Student Incubator assists students with business idea development to begin their business as a career option after graduation. The program supports more than 30 student-run startups annually by providing consulting, free business planning software, free accounting assistance from LSU accounting seniors, incubation and other valuable resources needed to start and grow their business. The 1,200-square foot student incubator is located at the LSU South Research Park and provides shared work space and a collaborative business environment for new student ventures. The LBTC has successfully helped more than 500 entrepreneurs turn their ideas into businesses. For more information about the LSU Student Incubator, visit http://business.lsu.edu/Louisiana-Business-Technology-Center/Student-Incubator/Pages/About.aspx or email email@example.com.
The Louisiana Business & Technology Center, an integral part of LSU’s E. J. Ourso College of Business’s Stephenson Entrepreneurship Institute, endeavors to enhance economic development in Louisiana through the support of existing small businesses and the development of new businesses. Established in 1988, the LBTC’s highly successful business incubator program has been honored as the National Business Incubator Association’s Incubator of the Year and with the U.S. Department of Commerce–Economic Development Administration’s Excellence in Economic Development 2009. For more information, visit http://business.lsu.edu/Louisiana-Business-Technology-Center/Pages/About.aspx or call 225-578-7555.