September 19, 2022
The application period for teams to participate in the University of Wyoming’s 23rd Annual $50,000 John P. Ellbogen Entrepreneurship Competition is now open and will run until noon on Monday, October 17. The UW College of Business hosts the student event.
The competition is designed to encourage Wyoming students to use their talents, ideas and energy to create the leading businesses of tomorrow.
The College of Business will be hosting $50,000 competition information sessions on Wednesday, September 21 at 11 a.m. and 3:10 p.m. in Room 129 of the College of Business Building for students interested in learning more or applying. Teams interested in registering to compete should go to www.uwyo.edu/business/entrepreneurship/index.html and click on the competitor links.
“The $50,000 Ellbogen competition is the premier applied learning experience at the University of Wyoming for students interested in entrepreneurship and innovation. We look forward to another outstanding group of student teams who will bring exciting new business models to the Wyoming community,” said Patrick Kreiser, Rile Endowed Chair of Entrepreneurship and Leadership at the UW College of Business. “Student teams from the University of Wyoming and Wyoming community colleges are invited to enter for a chance to win cash prizes to help grow their businesses.”
The competition has three rounds. The first round is the request for an executive summary; the second is the virtual pitch and written business concept; and the third round is the final presentation. The first two rounds will take place this fall and the third will take place on April 21 and 22, 2023.
The competition will offer an undergraduate track and a graduate track for teams.
Last spring, eight teams participated in the third round and six finalists won $63,000 in prizes for their businesses. Three of the teams participated in a course called “Creating and Launching Business Models” offered by the UW College of Business. The course helps teams develop and strengthen their business models, including aspects such as sales channel and marketing strategy; revenue model; cost structure and finance; and competitor analysis in preparation for their final presentations.
“We were thrilled with the quality and passion of the teams that participated in last year’s competition,” said Kreiser. “It’s important to bring new business ideas to help diversify Wyoming’s economy, and we’re thrilled that University of Wyoming students can help further this important mission.”
For more information, email Josie Voight, UW College of Business Project Coordinator, at [email protected]