Application & Eligibility
All teams must complete and submit the intent to compete form.
compete due April 14, 2022
For questions regarding application or eligibility contact Competition Director, Dr. Catherine Pratt at firstname.lastname@example.org or
due April 18, 2022
Business Plan Due April
GENERAL ELIGIBILITY REQUIREMENTS
Each team must meet the following requirements in order to compete
in the 2021 PLU Business Plan Competition:
- This is a competition primarily for PLU graduates or
current PLU students. At least one member of the venture’s
startup management team must be a graduate or current student.
Other members are welcome.
In 2022, all-student teams from
the South Sound schools of Pierce College, Tacoma Community
College, the University of Puget Sound, South Sound Community
College and Saint
Martin's University are also eligible to compete.
- Non PLU students and alumni may be members of the venture’s management team and may participate in planning the venture.
- The maximum number of competitors on a team is five.
- Business Plans can be for both profit and not-for profit ventures.
- Previous grand prize winners are not eligible.
The competition is for new, independent ventures in the seed, start-up, or early growth stages. Generally excluded are the following: buy-outs, expansions of existing companies, real estate syndications, tax shelters, franchises, licensing agreements for distribution in a different geographical area, and spin-outs from existing corporations. Ventures with revenues in prior academic years, i.e. before June 1,
2021, are excluded. Ventures that have raised equity capital from sources other than the members of the student team or their friends and families before the current academic year, i.e. before June 1,
2021, are excluded. However, team members may have worked on an idea or new technology in previous academic years or, in the case of the student team members, even prior to entering school. PLU faculty and staff are not eligible to compete.
Prospective entrants may be denied participation in the
competition if new venture concept is not considered in keeping with
the mission and/or values of the School of Business.