The Sixth Annual West Virginia Statewide Collegiate Business Plan Competition, hosted by West Virginia University’s College of Business and Economics, has received a record 117 entries from nine colleges, demonstrating continued growth in Mountain State entrepreneurship.

“It’s fantastic to see yet another record year for the number of teams participating in the Business Plan Competition,” said Mindy Walls, director of the WVU Entrepreneurship Center and chairperson of the Business Plan Competition Oversight Committee. “Each year the number and quality of viable West Virginia businesses grows, showing that entrepreneurship is alive and well in West Virginia.”

Entrants must write an executive summary for a business idea, develop a business plan, interact with businesspeople from across the region and nation and cultivate their overall mindset with fellow entrepreneurs. Winners receive $10,000 and an opportunity to set up their own businesses in West Virginia.

Walls said entries were received from WVU, Bluefield State College, Concord University, Fairmont State University, Glenville State College, Marshall University, Shepherd University, University of Charleston and West Liberty State University. The entries came from a wide array of majors at the undergraduate, graduate and professional levels, including engineering, MBA/EMBA, biochemistry, agribusiness, marketing, history, law, secondary education, business disciplines, exercise psychology, design, athletic coaching and industrial relations.

This year’s 117 entries bring the six-year total to 546 teams. Of the previous 49 finalists from five years of competition, 20 have gone on to start West Virginia-based businesses.

“As hard as it is to believe, the number of entries continues to go up, as does the quality of the entries,” Walls said. “There are so many positive aspects to this competition. Year after year, this event demonstrates that the experience is more valuable than the outcome.”

Go to www.be.wvu.edu/bpc for further information on the West Virginia Statewide Collegiate Business Plan Competition.

-WVU-

pg/10/04/11

Contact: Patrick Gregg; College of Business and Economics
304.293.5131; patrick.gregg@mail.wvu.edu

Follow @WVUToday on Twitter.