02/16/2012 12:06 PM
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.
Posted on Thursday, February 16, 2012