Student showdown: The Rice Business Plan Competition

More than 40 fledgling companies head to Houston this month to compete in America's largest and richest competition for student-lead startup ventures.

EMAIL  |   PRINT  |   SHARE  |   RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)

Photos
Startup showdown
Dozens of aspiring entrepreneurs will vie for a share of $800,000 in seed money at this month's Rice Business Plan Competition. Meet some of the competitors who are defying the recession to launch ambitious new ventures.

Entrepreneurial hope springs eternal - even in a recession.

At this month's Rice Business Plan Competition, dozens of fledgling ventures will go head-to-head in a competition to score seed money and other startup assistance, including a Grand Prize package featuring a $125,000 investment. For the second year in a row, Fortune Small Business is co-sponsoring the competition.

This year's contest attracted a record 340 entrants, from which were chosen 42 semifinalists. Those teams will head to Houston to compete in a three-day event starting April 16, at which they'll pitch their business plans to a jury of venture capitalists and other investors. At stake: More than $160,000 in cash and investment prizes totaling $425,000.

Want to meet tomorrow's startup stars? Check out our profiles of 12 of the most promising contestants. We're also spotlighting six teams competing in a new track this year focused on social entrepreneurship.

Of the 228 teams that have competed at Rice since 2001, 93 officially launched their businesses and 85 are still in business today, according to the competition organizers.

Want to read about some of the greatest hits from Rice and FSB competitions past? We've profiled7 thriving companies that got their start at these contests.

For a full run-down of the Rice competition's prizes and rules, visit the Rice Business Plan Competition Web siteTo top of page

To write a note to the editor about this article, click here.




QMy dream is to launch my own business someday. Now that it's time to choose a major, I'm debating if I should major in entrepreneurial studies or major in engineering to acquire a set of skills first. Is majoring in entrepreneurship a good choice? More
Get Answer
- Spate, Orange, Calif.

Sponsors
More Galleries
Getty family known for its wealth and misfortunes The Getty family may be as famous for its fortune as the misfortune that has dogged its name for years. Here is a brief history of the players in the tumultuous Getty saga. More
The 32 best April Fools' Day gags of 2015 April Fools' Day is here, which means that businesses around the world are letting their guard down. More
World's worst cities for rush hour traffic So you thought your city had the worst rush hour traffic in the world? More
Worry about the hackers you don't know 
Crime syndicates and government organizations pose a much greater cyber threat than renegade hacker groups like Anonymous. Play
GE CEO: Bringing jobs back to the U.S. 
Jeff Immelt says the U.S. is a cost competitive market for advanced manufacturing and that GE is bringing jobs back from Mexico. Play
Hamster wheel and wedgie-powered transit 
Red Bull Creation challenges hackers and engineers to invent new modes of transportation. Play