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

Tulane University in the USAinvites students from all over the world to participate in the Business Model Competition(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.

About Competition:

• Monday, March 1, 2022 - Semi-finalists Announced
• 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.
• 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.

A cash prize of $125,000.

• 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. 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.
• The student team must have a minimum of 20% ownership in the venture.
• The student team must control a minimum of 51% of the venture’s voting rights.
• 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.
• 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.
• 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.
• 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.
• 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.
• It requires that all teams have a faculty mentor from the participating institution.

About Tulane University:

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.

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