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Rice Business Plan Competition (RBPC) 2020 Application Is Ongoing

Rice Business Plan Competition

The 20th edition of the world’s richest and largest graduate-level student startup competition 2020 is ongoing – The Rice Business Plan Competition. This is an opportunity for entrepreneurs to gain real-world experience, fine tune their business plan and elevator pitches so, they can access funds for their businesses.

See Also:  Rolex Awards for enterprise applications for 2021 are ongoing.

The competition is organised by the Rice Alliance for Technology and Entrepreneurship and it’s Rice University’s internationally recognised initiative. The competition is devoted to the support of entrepreneurship and the Jesse H. Jones Graduate School of Business.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

Rice Alliance was formed as a strategic alliance of three schools: the George R. Brown School of Engineering, the Wiess School of Natural Sciences and the Jesse H. Jones Graduate School of Business in collaboration with the vice provost and the office of Research.

Its goal is to provide the best overall educational and entrepreneurial experience of any business plan/new venture competition. The competition has grown from nine teams competing for $10,000 in prize money in 2001 to 42 teams currently competing for over $1.5 million in cash and prizes. 

See Also: Energy Access Booster application for 2020 are now open.

At Entrepreneurs.ng, our goal is to inform, inspire, educate and support entrepreneurs with timely information they need to succeed. Therefore, if you are a graduate-level student or student invested in entrepreneurship, this is an opportunity for you to grow your business.

See Also: IMPACT Programme first call for concept notes are now open.

Opportunities From Rice Business Plan Competition

Participating in this competition will avail you;

  • Access to opportunities to learn how to successfully launch a new business.
  • Network with potential venture capitalists and other investors in the course of the program
  • Receive mentoring from investors and experienced entrepreneurs
  • Meet with high-caliber, experienced judges who are also senior level investors, entrepreneurs and leaders in different industries. 
  • Get Personalized feedback in three different sessions and on business plan before the actual date of competition. 
  • Generate funds to successfully commercialise your products.

See Also: Application for British Council’s #IdeasChangeLives global innovation challenge is ongoing.

Eligibility Status

This opportunity is for graduate students in a broad range of industries from different universities. The most important criteria is that the start-up must be student driven, student created and student managed. Also, you qualify if your start-up has not raised more than $250,000 in equity capital prior to July 1, 2019

Your niche should also fall into any of these categories; 

  • Energy/Cleantech/Sustainability
  • Life Science/Digital Health/Medical Devices
  • Tech/Digital/IoT e.t.c
  • Other Innovations

See Also: Early Career Grant By National Geographic: An Opportunity For Individuals To Lead A Project

Panel Of Judges

The Judges comprise of investors, CEOs and entrepreneurs from different sectors. Generally, the competition is designed with diverse program for the period of three-days, with significant time for constructive feedbacks and interaction with the judging panel.

The judges will; 

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days
  • Evaluate the team as real-world entrepreneurs soliciting funds and venture capital firms.
  • Rank the presentations based on which company would be preferable to invest on. 

See Also: Application for 2020 Start Up Energy Transition Award is ongoing

Rice Business Plan Competition Deadline

The deadline for application submission for the Rice Business Plan Competition is on Monday January 27, 2020. It will run from March 26-28 2020 at the Rice University in Houston,Texas. 

Summarily, over $1.5 million in investment and cash prizes will be awarded to the teams. Also, all 42 teams that compete will definitely receive a prize.

How To Apply

Your application will be done online. You start by answering a 20-question survey about your team. Next, you upload a 2-5 page Executive Summary in PDF format and finally, you submit an optional 60-120 second video pitch.

For more information about the competition and how to apply, please visit here.

Are you making leaps in your industry? Do you want to put your brand on the world map? We will love to tell your story on Entrepreneurs.ng.

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