Enter the 2016 VTKW Global Entrepreneurship Challenge Semifinals

Enter the 2016 VT KnowledgeWorks Global Entrepreneurship Challenge Semifinals, March 30, 2016

VT KnowledgeWorks will host its annual Global Entrepreneurship Challenge Semifinals on March 30, 2016. The objectives of the Global Entrepreneurship Challenge Semifinals are to encourage students to develop their entrepreneurial ideas, enhance understanding of requirements for a successful business venture, and showcase the creativity of students at Virginia Tech.

Virginia Tech student teams will compete for the chance to win one of three scholarship prizes:

  • The $5,000 Plastics One Advanced Manufacturing Award for the outstanding tangible product
  • The $5,000 VT KnowledgeWorks Information Technology Award for the most outstanding intangible product or service
  • An additional $10,000 grand prize for one of the two teams that receive the Advanced Manufacturing Award or the Information Technology Award
  • The $5,000 People’s Choice Award

Thanks to the support of our generous sponsors, the grand prize winner of the Global Entrepreneurship Challenge Semifinals will also receive:

View last year’s grand prize winner here.

People’s Choice
The People’s Choice award will be selected by vote of the event attendees. VT KnowledgeWorks would like all contestants and audience members to participate in honoring the most outstanding teams, based on the judging criteria.  The formal judging panel uses these same criteria to determine the winning team. The team/concept with the highest overall ranking by the attendees, and which is not selected by the judging panel as the grand prize winner, will earn the $5,000 People’s Choice award. The $5,000 will be awarded to the selected team in the form of scholarships.

View last year’s People’s Choice winner here.

The competition is open to all graduate and undergraduate students at Virginia Tech. All participants must be full-time, registered students at Virginia Tech with an average team age of 27 years or fewer to participate and receive prizes if selected as a finalist team. Up to five finalist teams will be selected to present at the Challenge.

A business concept is an attractive and well-researched market opportunity for which the team has devised a powerful and innovative response, including a viable financial business model. The prize is focused on supporting educational entrepreneurship at an early stage of development. Therefore, applicants are encouraged and expected to have a working prototype, but they must not have received cash investments from private investors, government agency funding beyond research grants, nor offered product(s) for sale except in market survey mode at the time the application form is submitted: February 5, 2016. The judges consider the viability of the market opportunity, the strength of the team’s response, the strength and balance of the team, the overall predictability of a success, and the professionalism of the presentation.

Proposed products/services that support a sustainable environment or specifically address needs of underdeveloped countries are encouraged, but no special credit will be assigned to such business concepts.

The Global Entrepreneurship Challenge Semifinals contestant registration deadline is February 5, 2016. Attendee tickets are free and include access to the Global Entrepreneurship Challenge Semifinals, networking reception, and awards presentation. Register as a contestant or attendee online athttp://www.vtknowledgeworks.com/gecsemifinals/2016/registration.

Businesses can get details about advertising during this event by contacting Christine Spalding at 540-443-9100 ext. 3 or via email at [email protected].

New This Year! – ACC Innovation Competition

For undergraduates only, teams chosen as semifinalists will also be entered into the inaugural Atlantic Coast Conference (ACC) Innovation Competition. These teams will deliver a 3-minute pitch in Blacksburg on March 3, and the winning team will represent Virginia Tech at the ACC Innovation Competition in Atlanta on April 6.

VT KnowledgeWorks Global Challenge Semifinals Sponsors include Plastics One Inc.

Keep in the know about VT KnowledgeWorks through Twitter, Facebook and LinkedIn.

VT KnowledgeWorks

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters are in Blacksburg, Virginia, USA.

VT KnowledgeWorks Sponsors

Automation Creations, Inc., BAE Systems, BB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, CIT GAP Funds, City of Roanoke, Fox 21/27, G.J. Hopkins, Inc., Interactive Achievement, Inc., Meridium, Montgomery County, Virginia Economic Development Department, National Bank, New River Valley Intellectual Property Law, Plastics One Inc., Rackspace, Shentel, SimulTV, SunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, UXB International, Inc., Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc, Wordsprint.

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