The Princeton University Bplan Prize is a prestigious business plan competition that’s open to students from all over the world. This year, Sequoia Capital sponsored the event with a $50,000 prize for the winner.
The Princeton Bplan Prize: Meet with Sequoia Capital is a prize that offers $10,000 to students who have an idea for a business and want to pitch it to the company. Read more in detail here: how to find investors.
Here’s an intriguing reward concept for business plan competitions: The winner of Princeton’s competition on May 28 will get a one-hour meeting with Sequoia Capital, a Silicon Valley venture capital firm, as well as two round-trip tickets from the East Coast.
In addition, free marketing plan consultation, company planning consulting, and legal services are available. Plus, there’s the added bonus of winning at Princeton.
Sure, that first prize doesn’t compare to the million-dollar cash-and-equivalent prize money for the Rice business plan competition; and Princeton, without its own business school–let alone an entrepreneurship center–can’t compete with the University of Texas’ Moot Corp in terms of prestige. Nonetheless, I’ve served as a judge and presenter at the Princeton event on many occasions, and I’m excited to do so again next week. It’s hosted on Princeton’s lovely campus (right), it draws a lot of new companies, and Princeton does it over one of the finest graduation/reunion weekends anywhere.
Despite the fact that Princeton does not have a business school, the Princeton Entrepreneurship Network manages to attract several hundred individuals, speakers, judges, and intriguing new businesses to the event. This year’s finalists feature a social entrepreneurship track in addition to the main track, as well as a collection of shorter presentations from other businesses. As part of that event, I’ll be giving a session on company planning in the morning. Brian Spaly, CEO of Trunk Club and co-founder of Bonobos, is a Princeton/Stanford graduate who will deliver the keynote.
(Tangent: As a Notre Dame, University of Oregon, and Stanford alumni who did not attend Princeton, I like Princeton’s annual graduation/reunion ceremony. Having all of those events at the same time results in a long weekend celebration that attracts people of all ages to campus. It begins with an alumni procession led by the oldest graduates and concludes three days later with a graduation ceremony. That seems to be much superior than what most schools practice. My oldest daughter graduated from Notre Dame the same year as my 25th reunion, but the two events were three weeks apart; since we reside in Oregon, we attended the graduation but not the reunion. Princeton does things correctly.)
(Photo courtesy of Shutterstock/Oleg Mit)