<p>Tulane University in the <a href="https://www.for9a.com/en/country/opportunity" rel="noopener noreferrer" target="_blank">USA</a>invites students from all over the world to participate in the Business Model <a href="https://www.for9a.com/opportunity/category/scholarships/Competitions-and-Awards" rel="noopener noreferrer" target="_blank">Competition</a>(TBMC). This contest rewards those that are creating commercially viable ventures through breaking down an idea into a key business model hypothesis, have tested their assumptions. The competition consists of three phases. It will be virtual for 2022.</p><h3>About Competition:</h3><ul><li>Monday, March 1, 2022 - Semi-finalists Announced</li><li>Judges will select six ventures to compete in the competition’s semi-final round. Judges will then choose three finalists to pitch their business models in the final round of the competition to determine the first, second, and third-place prize winners who will share a cash prize of $125,000.</li><li>Both the semi-final and final rounds will be virtual and take place the week of March 23rd. In addition to pitching, participating ventures will have the opportunity to participate in virtual, one-on-one meetings with investors and mentors.</li></ul><p><br></p>

<ul><li>Student Team – Competing teams should consist of at least one and no more than five degree-seeking college students who are enrolled part-time (minimum of 6 credit hours) or full-time in a semester during the competition year.&nbsp;In general, a member of the student team should be CEO, COO, or President of the venture, or members of the student team should occupy 50% or more of the functional area management positions that report directly to the CEO, COO, or President.</li><li>The student team must have a minimum of 20% ownership in the venture.</li><li>The student team must control a minimum of 51% of the venture’s voting rights.</li><li>Revenue is one form of validation for a successful venture. However, if revenues are excessive, TBMC organizers will determine if a team is still eligible to participate in the competition.</li><li>Investment – Like revenue, investment is another form of validation. However, if the investment is excessive, TBMC organizers will determine if a team is still eligible to participate in the competition.</li><li>Nature of Venture – Ventures cannot be a buyout, an expansion of an existing company, a real estate syndication, a tax shelter, a franchise, a licensing agreement for distribution in a different geographical area, or a spin-out from an existing corporation. Licensing technologies from universities or research labs are encouraged, assuming they have not been commercialized previously.&nbsp;</li><li>Prior Activity – Ventures may compete in the TBMC multiple times provided they still meet all other eligibility requirements. Note prior participation rules in the International Business Model Competition may differ.</li><li>Dropping Out of the Competition – If a team withdraws or does not compete in the competition after accepting a bid, the team and the university will be subject to disqualification from competing in the Tulane Business Model Competition for that year and the following year – a two-year ban.&nbsp;</li><li>It requires that all teams have a faculty mentor from the participating institution.</li></ul><h3>About Tulane University:</h3><p>Tulane University is a private research university in New Orleans, Louisiana. It was founded as a public medical college in 1834 and became a comprehensive university in 1847. The institution was made private under the endowments of Paul Tulane and Josephine Louise Newcomb in 1884.</p><p>See more <a href="https://www.for9a.com/en/opportunity/category/Scholarships" rel="noopener noreferrer" target="_blank">scholarships</a> available on For9a</p><p>See more available<a href="https://www.for9a.com/en/opportunity/category/Residencies-and-Exchange-Programs" rel="noopener noreferrer" target="_blank">&nbsp;exchange programs</a> on For9a</p><p>See more available&nbsp;<a href="https://www.for9a.com/en/country" rel="noopener noreferrer" target="_blank">opportunities for travel abroad</a> on For9a</p>

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Online Business Models Competition for Students from Tulane University in USA 2023