Additional sponsors are helping Wichita State University to up the ante with its retooled business plan competition.
Seven new sponsors are helping WSU to nearly double the amount of prize money that will doled out, Lou Heldman, interim director of WSU’s Center for Entrepreneurship, tells me.
He expects the prize pool to be about $30,000 this year, up from $16,000 in 2013.
Wichita State’s business plan competition, now called the Shocker New Venture Competition, judges teams on their business plan or product design. But this year organizers wanted to emphasize the creation of businesses that are scalable and could create jobs to fuel the state’s economy.