The nationally recognized Johns Hopkins University Business Plan Competition, hosted by the Center for Leadership Education, provides an opportunity for students to take a novel idea or innovative technology and develop a business plan based around it. Starting with a concept, students build an understanding of their target market, analyze potential competitors, craft an effective market entry strategy, and present their plans to industry professionals and venture capitalists.
This highly popular event, held annually on the JHU Homewood campus, draws teams from all divisions of the university. Now in its twentieth year, the competition awards a total of $10,000 in prize money in each of its four categories ($6,000 for first place, $3,000 for second, and $1,000 for third).
The Johns Hopkins University Business Plan Competition provides an exciting opportunity for students to reap rewards for developing their business ideas. First launched in the 1998-1999 academic year by the W.P. Carey Program in Entrepreneurship and Management (now part of the Center for Leadership Education), the competition was open to undergraduate students on the Homewood campus.
It has grown significantly since the inception of the competition and continues to expand as more students take an interest in business. The competition is larger than ever before. In 2014, the Medical Technology and Life Sciences Category began accepting national competitors and expanded to include both an Undergraduate and Graduate Track.
We received applicants from many univeristies nationwide including Duke University, Harvard, Tulane University, University of Arkansas and University of Iowa. The Social Enterprise Category will expand to accept competitors from the Delmarva region, in addition, students from SAIS Nanjing will be eligible for additional prize funding in the Social Enterprise Category from the Hassenfeld Fund. The General Business category will remain open to JHU students only from all 9 academic divisions.
The competition showcases the talent of students as they present business plans developed over the course of the year. Each team gives a refined seven minute presentation followed by eight minutes of questions from a panel of judges compromised of venture capitalists, entrepreneurs and alumni. All the business plans in each category are then reviewed and scored by a panel of judges.