UWI Venture Challenge

The UWI Venture Competition is a business plan competition, where teams of MBA, EMBA, MSc-MIS and CBMIS students, or graduate business students submit their business plans or new venture projects submitted in partial fulfillment of their programmes to compete for:

  • The opportunity to represent the UWI at the Opportunity Funding Corporation Venture Challenge (OFCVC) in Atlanta. Hosted by Clark Atlanta University.

  • Possible monetary prizes for the team; prizes donated by the private sector

  • A place in the Vincent HoSang Entrepreneurship programme; to pursue the opportunity to convert their business plans to actual businesses

The OFCVC is a business plan competition for Historically Black Colleges and Universities (HBCUs). Each year participating schools conduct an internal competition on Business Plan Development and Presentation; for the University of the West Indies this is the UWI Venture Competition. The winner of each school's internal competition then goes to Atlanta to compete at the OFCVC.

The UWIVC and OFCVC provide entrepreneurial opportunities and experiences to students, and helps them to look at the big picture and apply their conceptual & theoretical knowledge.

 

DO YOU HAVE AN INTERESTING, EXCITING BUSINESS IDEA?

YES? THEN ENTER

The University of the West Indies Venture Competition (UWIVC) for an opportunity to win prizes and to compete internationally in the Opportunity Funding Challenge Venture Competition (OFCVC) in Atlanta.

ENTRANTS

  • Entrants must be teams of 4 or 5 persons.
  • At least one team member should be an MBA or
  • graduate business student of the UWI.

ENTRIES

Entries must be the original work of students and can be based on students' ideas, projects or independent venture in their start-up phase.

TO ENTER

  • Submit two (2) copies of your business plan to the MSB by the end of October each year.

  • Business plans should not exceed 20 pages of text (typed and double spaced) including Executive Summary and summary financial data. Detailed spread sheets and appendices should follow the text portion of the plan. The final plan should not exceed 40 pages.

JUDGING

Entries will be judged on:

  1. Originality and use of science or technology

  2. Feasibility

  3. Money making potential

  4. Length of payback period

  5. Size and scalability

  6. Community Impact

  7. Presentation

The UWIVC Winner and runners up may gain a place in the Vincent HoSang Entrepreneurship programme where they will be given an opportunity to incubate and launch their own business.