The Entrepreneurial Alliance hosts an annual business competition that awards start-up capital to the most promising student business. The students are evaluated based on their business prospectus and presentation to a panel of judges, including local industry leaders, alumni, and parents. Students who participate in the Spring Business Competition must consider a business practice within the state of Maine. All student members will be given a description outlining the curriculum for the year, such as workshops, collaborative programs, and information sessions.
All workshops, information sessions, and collaborative programming are designed to assist program participants in preparing their business and final business prospectus. Either individually or as a student group, student participants are expected to research and compose entrepreneurial principles. In other words, the criterion within the Spring Business Competition can focus on integrating both critical and creative approaches to entrepreneurship.
The winner(s) of the Competition will be the entrepreneur(s) who have demonstrated, through real world accomplishments that their project/idea is the most “funding ready” business in the alliance for that year.
Participating students learn how to research, analyze, organize, and implement a business idea into action. Both primary and secondary research, business operations, legal principles, marketing strategies, and securing financing and financial planning will be discussed and utilized.