Welcome to the 16th Annual West Virginia Statewide Collegiate Business Plan Competition!
The bpc provides college students throughout the state of west virginia with the unique opportunity to make a business idea come to life with the support of state institutions of higher education and investors from around the country. the competition awards technical assistance funding each year to eager entrepreneurs in west virginia..
Our goal for the Business Plan Competition is to work collaboratively across the state with a mission to move WV forward by engaging young minds to solve West Virginia’s greatest problems. The future of our state is at hand and we are working to involve young talent from across the state to share their ideas. We will provide students with the education, skills, contacts, and motivation necessary to create a viable start-up company in West Virginia. Finalist teams will pitch to investors in the final round.
LEARN HOW TO GET STARTED
Competition Overview
Round 1 : 90-seconds (maximum) YouTube online video entry
Round 2: Business Model Canvas (semifinals)
Round 3: Business Plan (finals)
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West Virginia Business Plan Competition: Take your idea to the next level
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West Virginia Innovation & Business Model Competition
2022 wvibmc’s top award – congratulations to anna cummings.
March 28, 2022 | Huntington, WV
Anna Cummings , an Entrepreneurship/Innovation + Management double major from West Virginia University, claimed the top award ($3,000.00) from the WV Innovation + Business Model Competition (WVIBMC) state finals hosted on the campus of Marshall University. Anna’s new venture is named Earring BackTrack and is a device that allows an individual to easily remove and/or apply the stainless-steel backs to an earring stem once inserted through the piercing. With the oldest population, West Virginians suffer from significant rates of arthritis and related dexterity issues. However, many individuals benefit from the Earring BackTrack , including children and those with smaller hands.
As the top award winner, Anna may use the award for securing services, equipment, and/or materials that will assist her in the furtherance of Earring BackTrack as a new venture. Congratulations to Anna for an outstanding concept, presentation, and all the work into making the device a reality. Anna is coached by Anne Jones (Director Entrepreneurship, StartUp WV + Business Advisor, Morris L. Hayhurst LaunchLab) and Dr. Carrie White , Ed.D. (Exec. Director LaunchLab).
Marshawn Kelley , Marcus Kelley , Trenton Holcomb , and Jonathan Williams from Glenville State University were awarded the third position ($1,000.00) for their new concept named SCups, a new venture trying to address safety and security in public settings in which beverages are vulnerable to alterations. In particular, the SCup is a restaurant-style beverage container that has a lid that sends a signal when it is removed without authorization. The container uses processors and circuits to create the security that is accuated when the lid is removed. This helps prevent individuals from ingesting doped or poisoned drinks, with the alert serving to warn the user and to replace the beverage. Marshawn, Marcus, Trenton, and Jonathan are coached by Dr. Mark Sarver , business faculty at Glenville State University.
Katelyn Spears and Sydney Adkins from Marshall University were awarded $750.00 for their proposed new venture named Wildflower Homes , a startup intending to offer a new rental option to young adults by operating tiny homes. While most young adults rent apartments or mobile homes, neither option is optimal. Apartments usually include roommates and/or neighbors that may be difficult to live with or next to, while mobile homes are aesthetically unappealing and may carry a stigma. Instead, a tiny home (500-700 square feet) can offer an aesthetically pleasing look without the crowded nature of apartment-living. Moreover, tiny homes may be customized and multi-level living options may be utilized to provide sufficient floorplan alternatives that would attract a number of potential target customers.
The 2022 WVIBMC judges Kaylin Jorge , Mary Hott , Don Perry , Paula Taylor , and Bill Woodrum provided students with great questions and suggestions and have went above and beyond the call of duty this year. Thanks to our great judges.
Emcee Bill Bissett performed masterfully in leading our event and providing the right information at the appropriate time.
Additional special thanks to Marshall University leadership, including Pres. Brad D. Smith , Interim Provost Avi Mukherjee , College of Business Deans Jeff Archambault, Ph.D. (Interim) and Nancy Lankton, Ph.D. And special thanks to co-organizer and consultant Jeremy Turner.
Special thanks to Deacon Stone at RCBI for the outstanding work on the student trophies that we presented this year.
Congratulations to all the participants – your hard work and dedication was noticed!
Watch the Video Replay – WV State Finals (WVIBMC) March 28, 2022 | from Memorial Student Center
West virginia innovation & business model competition 2022.
2022 marks the fourth year of the West Virginia Innovation & Business Model Competition (WVIBMC)! The fourth edition of the competition sees a return to an in-person presentation format. WVIBMC is open to all students enrolled in a two- or four-year institution in the state of West Virginia.
WVIBMC focuses on helping college students in West Virginia find a significant problem that they can apply their skills and strengths to solve. WVIBMC utilizes design thinking as inspired by institutions like IDEO and Intuit’s Design-4-Delight (D4D) to test assumptions and experiment with possibilities to develop game-changing solutions and business models for and with real customers. Students will evaluate what they learn and either validate key assumptions or pivot and change course.
Image Source: The Guardian
The WVIBMC is passionate about giving students the mindset and tools they need to innovate high-impact businesses that will change their lives and the lives of those in the state and beyond. The WVIBMC uses blend of entrepreneurial best practices like design thinking, business model canvas, and lean canvas to foster the development of desirable, viable, and feasible business models. The WVIBMC is made possible due to the generosity of the Robert E. Yancey, Sr. Entrepreneurship Endowment and Intuit.
Image Source: LEAN Stack | Ash Maurya
- Announcements
Monday, November 07, 2022
Enter the 2022-23 Business Plan Competition
College students, high school students and community members are invited to enter the West Virginia Business Plan Competition by pitching an idea, product or service in a 90-second video by noon Friday (Nov. 11).
Find more information and enter the competition.
How much would it take to feel financially comfortable? (Getty Images)
West Virginia Business Plan Competition now taking entries
by: Alexandra Weaver
Posted: Oct 24, 2022 / 02:15 PM EDT
Updated: Oct 24, 2022 / 02:15 PM EDT
CLARKSBURG, W.Va. (WBOY) — Aspiring entrepreneurs in West Virginia have the opportunity to turn their business idea into reality.
The West Virginia Business Plan Competition, hosted by the WVU John Chambers College of Business and Economics and Encova Center for Innovation and Entrepreneurship, is seeking entries at the high school, collegiate and community levels.
The competition, according to its official website, is broken down into three rounds:
- Round 1 : 90-seconds (maximum) YouTube online video entry
- Round 2: Business Model Canvas (semifinals)
- Round 3: Business Plan (finals)
It’s open to West Virginia residents who meet the different high school , collegiate and community requirements, as well as teams of eligible individuals, West Virginia organizations, and out-of-state residents who are attending a West Virginia institution of higher education and who agree to form an organization in West Virginia within six months if they win.
To be eligible, businesses must be registered through the WV Secretary of State’s office and be compliant with the laws in the state of West Virginia, have generated less than $100,000 on the sale of goods and/or services by Round 1 of the competition, and have not won the contest before.
Winners receive the opportunity to gain industry expert insights, network, and pitch to investors at Bridging Innovation in Wheeling in April.
First-round entries are due on Friday, Nov. 11 at noon.
Click here to learn more.
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BSC's Ryan Heimer Reaches Semifinal Round of West Virginia Collegiate Business Plan Competition
Bluefield State College student Ryan Heimer has developed an innovative business plan that has been selected to advance into the semifinal round of the West Virginia Collegiate Business Plan Competition.
Heimer, a BSC senior majoring in Engineering Management with a minor in General Business, was encouraged by BSC Engineering Technology and Business faculty to enter the competition. “My experience when taking BSC courses like ‘Business Planning for Engineers,’, “Business Law, Accounting, ‘Economics for Engineers’ and ‘Project Management’ provided the foundation for me to develop the technical and business sides of the project,” he explained. A graduate of Shady Spring High School and the Academy of Careers and Technology, Heimer already holds certifications in industrial technology, and he is a licensed electrical technician.
“My business plan is to develop an electrical and facility management process that can solve infrastructure and electrical issues that could save time and costs for our clients,” he said. “Our skilled team will provide a timely service for businesses. I believe in this business plan and I’m focused on making it a reality,”
He is working now to develop a feasibility study for his plan, which will be submitted by January 24, 2020. One week later, he will travel to Fairmont State University to present a two-minute “elevator speech” about his business idea for WV Collegiate Business Plan Competition judges who will evaluate the plan. Next, he will participate in a series of interviews with business professionals to discuss his plan. The top five finishers in both the “Lifestyle and Hospitality” and “STEM and Innovation” categories will advance to the final round.
“At this moment, I know not where my idea will lead,” he continued, “but a remember a quote by Franklin Delano Roosevelt—‘It is common sense to take a method and try it. If it fails, admit it frankly and try another, but above all, try something.’”
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The West Virginia Community Business Plan Competition formerly known as SeedWV Competition and funded through the a generous donation of James Clark Coffman
Our goal for the Business Plan Competition is to work collaboratively across the state with a mission to move WV forward by engaging young minds to solve West
The West Virginia Statewide Business Plan Competition series affords students around the state the u. ... West Virginia High School, College and Community
Welcome to the 2 nd Annual West Virginia Statewide Community Business Plan Competition! The Community BPC provides community members throughout the state of
2022 marks the fourth year of the West Virginia Innovation & Business Model Competition (WVIBMC)! The fourth edition of the competition sees a return to an in-
College students, high school students and community members are invited to enter the West Virginia Business Plan Competition by pitching an
A competition series that provides high school and college students throughout West Virginia the opportunity to turn an idea into reality.
The West Virginia Business Plan Competition, hosted by the WVU John ... is seeking entries at the high school, collegiate and community levels.
BSC student Ryan Heimer Reaches Semifinals of WV College Business Plan Competition. Bluefield State College student Ryan Heimer has developed an innovative
Watch videos related to the West Virginia Statewide Business Plan Competition! ... Home. Videos. Playlists. Community. Channels. About. Search