Sponsoring the JHU Business Plan Competition
The annual JHU Business Plan Competition provides Hopkins undergraduate and graduate students and post-doctoral fellows an opportunity to develop a business plan around their novel idea or innovative technology. Starting with a concept, students work with mentors to build an understanding of their target market, analyze potential competitors, craft an effective market entry strategy, and present their plans to industry professionals throughout two stages of competition.
During event registration, competitors self-identify their preferred category, General Enterprise & Technology, Medical Technology & Life Sciences, or Social Enterprise, and each category awards $5000 to first place teams, $3000 for second, and $1000 for third. Though Homewood students make up the majority of competing teams, students from all divisions of the university participate annually. Last year, a total of 265 students comprising 90 teams participated in the early rounds of competition.
While competition provides the structure for the event, the primary goals of the Business Plan Competition are: 1) to create an opportunity for students to come together and translate what they learn in the classroom and the lab to life; and 2) to forge meaningful connections with alumni and local entrepreneurs and business leaders. Example ventures from the 2019 competition include technology that removes surface water debris and collects data from waterways in urban environments; a smart glove that allows users to passively practice piano skills; and a medical device preventing infection during at-home dialysis treatment. Our current initiative focuses on increasing networking opportunities for students and professionals on the day of the competition through a speed-networking event between competition rounds and a reception hosted in the Glass Pavilion on the Homewood Campus.
WHAT SPONSORSHIP MEANS TO THE JHU BPC
Sponsorship provides hands-on, experiential learning opportunities for Hopkins students throughout the competition, primarily by providing time and for competitors and judges to network and engage in mentorship. We also hope that sponsorship will provide an opportunity to create a lasting relationship between sponsors and the Center for Leadership Education, as we host events throughout the year which provide similar engagement opportunities. Sponsorship also provides the BPC with the opportunity to encourage and support the most outstanding student-created ventures that enter the competition each year.
Our Sponsorship Levels Sheet outlines our tiers of sponsorship and associated benefits. Please email us at firstname.lastname@example.org if you are interested in sponsoring the competition or have any questions. We hope to see you this spring!