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Calling Entrepreneurs
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Business New Haven
2/19/2001
By: BNH
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NEW HAVEN - The Yale Entrepreneurial Society (YES) will sponsor its second annual Y50K Entrepreneurship Competition, a business-plan competition which promises $100,000 in cash and service prizes to winners.
The competition challenges teams to create a business plan and present it to a panel of judges from the business community. Y50K is a learning opportunity for aspiring entrepreneurs and is intended to encourage entrepreneurial spirit at Yale and in New Haven. Members of the Yale community and well as entrants from the New Haven area are welcome to enter. However, each team must have at least one Yale student, staff, or faculty member. Entry details are available online at www.y50k.com and www.yes.yale.edu, although the first deadline was February 13.
Pozen said the competition is a year-long educational event that began last fall with the $2,000 Y2K Concept Competition, in which teams wrote short summaries of their business ideas and received critical feedback from a from a panel of judges. Teams will use this preliminary feedback to improve their Y50K submissions. A Y2K entry is not a prerequisite for entering the Y50K Entrepreneurship Competition.
Six seminars will feature successful entrepreneurs and venture finance professionals who will teach entrants how to write a business plan and start a new venture. Teams will be matched with professional mentors and will be judged on their executive summaries due February 13, full business plans due March 28, and on their presentations to the judging panel April 14. Yale will host an awards gala the same day following the judging.
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