The $200,000 Grand Prize is designed to foster a drive for excellence
in the competition. Students involved in the competition will gain
access to networks of successful entrepreneurs, lenders and investors,
and have the opportunity to learn greater team-building and business
planning skills. The contest will also help student teams gain media
exposure for their entrepreneurial goals.
The $200,000 Grand Prize is larger than that of most college business
plan contests. To receive the $100,000 Cash Prize, student teams must
be committed to launching their venture. In order to receive the
$100,000 Relocation Prize, the winning team must relocate the proposed
venture to Tyler, Texas. The judges in all rounds will be acting as
venture capitalists and will analyze the ventures to determine those
which represent the best investment opportunity.
Read more at the New Venture Tyler site