Awards& Recognition. All teams that are chosen to compete on the HBS campus will have their business plans reviewed in detail by an extensive panel of professional mentors (prominent entrepreneurs, venture capitalists and executives from the energy industry) and given feedback prior to the day of competition to help polish Participate in the alumni New Venture Competition through one of 15 regional competitions hosted by 18 alumni hub clubs around the world. The winning team from each regional competition attends the NVC finale and advances to The Schools eighth annual Business Plan Contest proved that entrepreneurship is alive and well at HBS: Close to forty teams entered plans to be judged by a panel of experts.
This years traditional track winner was Extend Fertility, Inc.a venture that allows women to prolong their fertility by freezing their eggs for later use. Harvard Business School's annual business plan contest has just come to a close, with the winners creating plans around Web site security and battery power for poor populations.
Many business plan winners in the past have found funding for their projects and created real businesses as a result. The winner of the 2005 Business Plan Contest at Harvard Business School used personal experience for inspiration.
Now she's taking her idea for a better bra to the venture community. by Sarah Jane Johnston The winning entry in this year's Business Plan Contest at Harvard Business School was unique in several aspe This year marks the 21 st anniversary of the competition, which began as the HBS Business Plan Contest and counts Cloudflare, Birchbox, and Rent the Runway among its past winners. HBS alumni comprised many of this years over 300 judges. Description. The HBS New Venture Competition (formerly called the Business Plan Contest) provides a unique opportunity for students to put entrepreneurship principles into practice with an integrative learning experience.
Photos by Catherine WalshHBS Communications Now in its seventh year, the HBS Business Plan Contest is designed to promote entrepreneurship among students. This year, 32 teams submitted plans to the contest, 24 to the traditional track and 8 to the social enterprise track. An annual event since 1997, the Business Plan Contest aims to provide an integrative learning experience for participating students.
The Contest has spawned hundreds of business plans, and winners and nonwinners alike have gone on to implement their plans and start successful enterprises. Examples A business plan must not be an albatross that hangs around the neck of the entrepreneurial team, dragging it into oblivion.
Instead, a business plan must be a call for action, one that recognizes managements responsibility to fix what is broken proactively and in real time. Risk is inevitable, avoiding risk impossible.