Teenagers with a great idea for a new business may be in the money, thanks to a young entrepreneurs’ competition that kicks off on September 25 and ends November 21 at the Ernest C. Trefz School of Business at the University of Bridgeport (UB). The Business Plan Competition, sponsored by the Trefz School’s new Student Entrepreneur Center, was created to encourage young entrepreneurs to develop business concepts while getting direction and guidance from UB professors and local entrepreneurs. The competition is open to all Connecticut high school and community college students, who have until the November 6 deadline to submit entries to traynor@bridgeport.edu. On November 21, competitors are required to make five-minute PowerPoint presentations to a panel of UB judges. Participants will also produce an 11-point written business plan that includes topics like industry analysis, a marketing plan, and assessment of risk. The process, said Trefz School Assistant Dean Tim Raynor, will allow students to “gain practical insights about starting, operating, and growing a business, while gaining real-world experience about the business-plan process.” Awards and categories include:

  • $500 for Best Overall Business Plan: Community College
  • $500 for Best Overall Business Plan: High School
  • $250 for Best Plan second places for both high school and community college
  • High school and community college awards of $250 each for Best Presentations

For more information, go to the Trefz Business Plan Competition.

Media contact: Leslie Geary, (203) 576-4625, lgeary@bridgeport.edu