Knowledge@Wharton has the eight best business plans from their annual challenge.
The annual Business Plan Competition begins as students turn in brief summaries of business ideas. Over the course of the school year, their ideas evolve into more detailed summaries and then, for 25 semifinalists, full-fledged business plans. Judges winnow those plans down to eight finalists, who are invited to present at the Venture Fair, held this year on April 25.
It's at the Venture Fair where the finalists get their shot at business-school stardom and cash: The winner receives $20,000. In front of an audience of investors, faculty and students, each team has 10 minutes to outline its plans and then be grilled by five judges for another 10 minutes. This year's judges hailed from Shelter Capital, Savvian, Pequot Ventures, Johnson & Johnson and Quaker BioVentures. The competition, sponsored by Wharton Entrepreneurial Programs, isn't limited to Wharton. It's open to any team that includes a Penn undergraduate or graduate student. The three top finishers receive cash prizes as well as in-kind contributions of legal and accounting services.
Check out the company descriptions and see what areas are hot for startups. Then scroll to the bottom to see who won the contest.