UCCS launches 2012 edition of sports/outdoor business plan competition

June 6, 2012
Tom Hutton, (719) 255-3439, (719) 351-6519, thutton@uccs.edu
Jana Hyde, (719) 255-3755, jhyde@uccs.edu
Tom Duening, (719) 255-5152, tduening@uccs.edu

COLORADO SPRINGS, Colo. — A 2012 UCCS Sports/Outdoor Business Plan Competition was launched June 6 by the University of Colorado Colorado Springs. The competition is open to undergraduate and graduate student teams from around the world.

 The UCCS El Pomar Institute for Innovation and Commercialization and the Center for Entrepreneurship in the College of Business jointly manage the contest. Student teams may submit plans for a sports/outdoor business, with local judges deciding the winners and awarding more than $35,000 in prizes.

 “This is the second year for this contest,” Tom Duening, director, Center for Entrepreneurship and El Pomar Chair of Business and Entrepreneurship, said. “Last year’s winner, Janji, has gone on to tremendous success. The intent of this competition, of course, is to begin to recruit these top-notch companies to our region.  We believe the region is prime for a sports/outdoor industry cluster to emerge and grow.”

 The competition calls for teams to submit their plans online via a specifically designed computer platform. Gust.com is an angel investor group management platform that also supports business plan competitions. Following a preliminary screening, ten teams will visit Colorado Springs next Oct. 25-26 with winners selected by a panel of local judges.

 For more information about the competition, please visit http://www.uccs.edu/business/index/centers-and-research/center-for-entrepreneurship-/2012-uccs-business-plan-competition.html

 A $20,000 gift from Challenger Homes, Colorado Springs, launched the competition in 2011.  For 2012, Challenger made another significant contribution.

 “Our region is poised to become the sports and outdoors venture center of the United States,” Duening said. “With the USOC headquartered here, more than 20 national sports governing bodies, and our natural amenities makes us the perfect location for ventures and entrepreneurs with sports and outdoor themes.”

 The business plan competition will be marketed nationwide, but Duening is hopeful regional students will take advantage of their community knowledge.

 “We’d be delighted to get a lot of interest from local ventures, and it will be great for them to compete against a nationwide pool of applicants,” Duening said.

 The UCCS College of Business was established in 1965 and has more than 1,300 undergraduates and 400 MBA and distance MBA students. The College of Business and Administration awards the Bachelor of Science in Business and Bachelor of Innovation degrees. The Graduate School of Business Administration awards the Master of Business Administration degree. More than 8,000 alumni of the College of Business live and work around the world.

The University of Colorado Colorado Springs, located on Austin Bluffs Parkway in Colorado Springs, is one of the fastest growing universities in the nation. The University offers 36 bachelor’s degrees, 19 master’s and five doctoral degrees. The campus enrolls about 9,300 students annually.