An online platform to allow business plan competitions to run more effectively.
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It can really be any kind of competition as long as the goal is to make these ideas for ventures to be more accessible for others.
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They make all abstracts accessible to public so that investors, mentors or other entrepreneurs can help move these ideas forward.
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They will soon be able to submit them individually as long as they are a student.
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There will be 2 parts to the site, one to help people run competitions and the other when students can submit their plans.
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It can be used by high schools, universities, for profit companies, or anyone who wants to run a competition.
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The competition portion of the site is for anyone who wants to run a business plan competition.
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The open business plan submission portion is only for students.
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30 days after the competition the abstracts can be made available for the public, if they want.
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They are 29 competitions that are currently running on the platform.
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For 22 of these 29 competitions anyone can apply, the others are closed for a certain community.
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Rice University gives out $1 million in prizes.
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Others will give out $5,000 to $10,000.
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None of the competitions are completed yet... most follow the school year.
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They are hoping to bring standardization to the work of business plan competition and to make the ideas public.
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Other programs from Kaufman foundation:
iBridge Network.. identifies innovations from college campuses from beginning ideas to complete patented ideas, a clearinghouse of 13,000 innovations are in the database.
Fast Track... a boot camp for entrepreneurs. It trains trainers to train entrepreneurs.
Kauffman Labs... a place for experimenting with new ways of brining many more entrepreneurs to success.