Calling All Entrepreneurs — The Biola Startup Competition, hosted by Crowell School of Business, is a faith-based business competition designed to help Biola students and alumni launch innovative, kingdom-minded businesses and nonprofits that have the potential to significantly impact the world for Christ.
Biola University’s Crowell School of Business kicked off the 3rd Annual Biola Startup Competition on Monday, Sept. 25 featuring Lynsi Snyder, CEO for In-N-Out Burger. The startup competition offers Biola students and alumni the opportunity to transform an idea into a successful company. Participating teams can win up to $15,000 in awards to launch their business in addition to other awards and are aided by experienced business leaders throughout the competition.
There are three rounds to the competition:
Round 1: Team Registration and Approval
Registration opens September 25, 2017 and closes on October 16, 2017. See Eligibility Requirements.
Round 2: Concept Paper (Executive Summary)
Registered teams will develop a three-page concept paper (executive summary) about their business idea. Crowell School of Business will host three mandatory workshops to assist teams in developing their concept. Concept papers are due by November 13, 2017.
After the concept paper submissions, a panel of judges will select finalists for participation in round three of the competition. The teams selected to continue in the competition as finalists will be notified on December 1, 2017.
Round 3: Business Plan
Finalist teams will be matched with a personal coach and develop a 15-page business plan. Crowell School of Business will host three mandatory workshops to assist teams in writing their business plan and learning how to make a pitch. Business plans are due by February 23, 2018.
Final Presentations and Award
On Friday, March 23, 2018, finalist teams will make the pitch and present their business plan to a panel of judges, who will select the winners of the competition. Winners will receive cash awards and a startup package to encourage them in the further development of their business venture.
* Dates subject to change
“The final—and most demanding—call of every entrepreneur is to pursue excellence in all of his or her endeavors.”