The 6th Annual Venture Challenge 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 Venture Challenge is looking to support new, independent student ventures in the early growth stage. The startup venture must be a current member of the LSU Student Incubator as of April 7, 2017. All LSU students are encouraged to become a member of the LSU Student Incubator. Any startup venture that fits these requirements, including non-profits, can enter.
Email Kenny Anderson to set up an initial meeting. From there, our team of Flores MBA Graduate Assistants and full time consulting staff at the LSU Student Incubator will provide individual coaching sessions on business plan development to Student Incubator members. The included checklist provides an outline of business plan requirements—your MBA consultants are here to help you meet these requirements, please reach out to them. The earlier you start working on your business plan, the better.
The Venture Challenge competition online submission site will launch in March. Members must submit their business plans to the competition site by April 10, 2017. Participants can continually update their plans until this deadline is reached. Once the deadline is reached, all plans will be judged and scored by a panel of members from the LSU and local business communities. The top four scoring plans will advance to the final live round of the Venture Challenge on April 20, 2017 5-8PM at Tin Roof Brewery, Baton Rouge. Members who submit their business plans will receive feedback from the judges on their plans.
Present Your Idea
On April 20, participants with the top four plans will give a 10 minute investor pitch to both the panel of judges and a live audience. Each pitch will be followed by a 10 minute question and answer session with the panel of judges made up of local business professionals and investors.
Participate in the Startup Showcase
All members of the LSU Student Incubator will be invited to showcase their businesses during the final live round of the Venture Challenge at Tin Roof on April 20. Presenters will have the opportunity to set up information about their business at a booth and network with local professionals to promote their businesses. To register for a showcase table, contact Kenny Anderson at email@example.com.
$23,500 to be Distributed Among the Four Presenting Finalists
The judge’s final round scores will determine how to divide up $23,500 among the four winners. A cash amount of up to $15,000 can be awarded and each finalist is guaranteed at least $1,000.
$1,500 to be Awarded to Two Businesses From the Startup Showcase
NEW TO THE VENTURE CHALLENGE – This year the Venture Challenge will have the first Startup Showcase “Audience Choice” winner and runner-up. The business from the Startup Showcase with the most audience votes will receive a cash award of $1,000. The runner-up will be awarded $500.
Marty & Lisa Sutter
John Q. & Nancy Barnidge