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Back in late 2011, I got the opportunity to pitch Mark Cuban. I was just a student at the time, at Howard University, and cofounder of a company — no longer existent — called My College Hustle, a bartering platform for college students.
Hoping to grab a $25,000 prize, my business partner Edward Lyles and I participated in a Shark Tank-style competition, in New York, that actually predated the TV show (I guess the competition’s organizers were on to something).
And while my team didn’t win the top prize, we did get to meet Cuban — the result of making it to the semi-finals of a college business-plan competition sponsored by MTV.
That’s the point I want to make: If you never thought of business-plan competitions as a source of funding for your business, think again. These competitions can afford you a lot of unique opportunities.
3 reasons why you should start competing today
You can win startup capital and exposure.
It’s a great networking opportunity.
Winnings are usually awarded without any loss of business equity.
Now, here is the information you need to get started.
1. How do you find competitions?
Check out sites like StudentCompetitions.com. You can also search on Google using a variation of keywords such as “pitch competitions,” “Bplan competitions,” “College entrepreneur competitions” and “Challenge competitions.” Mix and match keywords to pull up different results.
Not a college student? No worries; there are other competitions for you, too. Try searching company-based keywords, like “Dell pitch competition,” “Microsoft pitch competition,” etc. Type in any random tech company you can think of, and pair it with the word “competition” and see what comes up.
Sometimes, tech companies run competitions to promote and encourage innovation. There are tons of these competitions happening throughout the year, so keep your eyes peele… Read More
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