Business Plan Competition has record year


March 17, 2011

The Marquette Business Plan Competition, now in its ninth year, attracted 52 entrants for 2011, the most in the contest’s history. Of those 52, 20 were social ventures. The competition last year added a separate category for businesses with a focus on addressing a societal need.

“Since 2001, Marquette’s Business Plan Competition has spawned hundreds of business plans with many entrants going on to start successful enterprises,” said Tim Keane, director of the Kohler Center for Entrepreneurship. “One truly unique facet of our competition is that our entrants receive continual feedback from seasoned entrepreneurs, and participate in workshops to help them develop their plans.”

"I entered the competition with an idea and left with a defined business plan for a viable business,” says Chris Hallberg, the 2009 Business Plan Competition winner and founder of SMUG Coffee, which produces travel mugs equipped with technology so they can be used to pay for purchases at coffee shops.

This year’s winners will be announced at a banquet Wednesday, April 13, 2011. The keynote speaker will be Chuck Templeton, founder and CEO of Registration for the banquet is available online.