College teams across region invited to enter UND Entrepreneurship Challenge

Entrepreneurship at UND is pleased to host the Alerus Financial Entrepreneurship Challenge, our first ever state-and region-wide business plan competition, to be held on the UND campus April 23-24.

The competition is open to student teams at all colleges and universities in North Dakota and in neighboring states within the region. A $5,000 grand prize will be awarded by JLG Architects for the winning business plan, and other prizes will be awarded for the "Best Elevator Pitch" and "Most Innovative Idea."

The UND Entrepreneurship Challenge is designed for any undergraduate or graduate student enrolled at a North Dakota or neighboring state college or university during the 2009-2010 academic year. The competition does not require an entry fee, and will be open to the first 20 teams to apply on a first-come, first-served basis. Business plans submitted after the initial 20 selected plans will be placed on a waiting list.

"This is a great opportunity for our students at UND and other enterprising students across the state and region," says Larry Pate, professor and Burwell Endowed chair in Entrepreneurship. "Each student team in the competition will receive valuable feedback on their business plan from practicing entrepreneurs, which will increase the team's chance of success in launching their business. Ultimately, our goal is to help students achieve their dreams, while also creating more jobs and job opportunities across the state and region."

Students interested in entering the business plan competition should submit:
1) a one-page abstract
2) an "Intent to Compete" form
3) a "Biographical Information" form no later than Monday, March 15. Forms are located on the College of Business and Public Administration web site at .

For more information about the competition, please contact Laurie Sorenson, UND Entrepreneurship Challenge Coordinator at or call 777-2135.