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MEDIA ADVISORY: Student Teams to Compete for Johns Hopkins Business Plan Prize Money on Friday, April 25

April 24, 2014
CONTACT: Phil Sneiderman
Office: 443-997-9907/Cell: 410-299-7462
prs@jhu.edu

WHEN: Johns Hopkins Business Plan student presentations and judging will take place from 1 p.m. to 5 p.m. on Friday, April 25. Winners will be announced during a dinner and awards ceremony from 5 p.m. to 7 p.m., featuring guest speaker Neilesh Patel, a 2003 Johns Hopkins graduate who is now a social entrepreneur and leader in global public health.

WHERE: In rooms 210, 213, 305 and 311 in Hodson Hall at The Johns Hopkins University’s Homewood campus, 3400 N. Charles St., Baltimore.

WHAT: The nationally recognized Johns Hopkins University Business Plan Competition, hosted by the Center for Leadership Education, encourages students to take a novel idea or innovative technology and develop a business plan around it. Each team will have about 15 minutes to present oral and PowerPoint summaries of its business plan and answer questions from the judges. The plans will address the need for a product or service, the range of potential customers, competition in the marketplace and how the company will be financed and will ultimately turn a profit.

WHY: The goal is to give students a venue to organize and present their business ideas in a professional, competitive and educational setting and to encourage students to apply these ideas, concepts and products to develop enterprises and career opportunities.

WHO: Thirty-two finalist teams will present their business plans to judges in one of four categories: medical technology, graduate track; medical technology, undergraduate track; general business; and social enterprise. Each team is composed of two to 10 undergraduates, graduate students or post-doctoral fellows who have devised a product or service they propose to sell. Teams represent seven Johns Hopkins divisions: the Whiting School of Engineering, the Krieger School of Arts and Sciences, the Carey Business School, the School of Medicine, the Bloomberg School of Public Health, the School of Education and the Paul H. Nitze School of Advanced International Studies. In the medical technology category, applications for the first time were accepted nationwide. Finalists from Cornell University, Carnegie Mellon University, Tulane University, Cambridge University and University of Iowa will be presenting.

PRIZES: Prizes in the general business and social enterprise categories are: $6,000 (first place); $4,000 (second place); $2,000 (third place); and $250 (runners-up). Prizes in the national medical technology tracks are: $10,000 (first place); $6,000 (second place), $3,000 (third place); and $750 (runners-up).

EVENT CONTACT: Pam Arrington, senior academic program coordinator for the university’s Center for Leadership Education, is the contact for the event. Her weekday office phone is 410-516-6741. On the day of the event, her cell phone number is 410-802-1822.

More information about the competition can be found on its webpage: http://www.jhu.edu/bpc/ .

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