Student callout set for 25th annual Burton D. Morgan Business Plan Competition

August 23, 2011

WEST LAFAYETTE, Ind. - A callout for the 25th annual Burton D. Morgan Business Plan Competition, open to graduate and undergraduate students from across the Purdue University campus, will be held on Sept. 6, 7 and 8.

Callout sessions are scheduled for 6-7:30 p.m. Sept. 6 in Rawls Hall, Room 1011; and at 5-6:30 p.m. Sept. 7 and 7-8:30 p.m. Sept. 8 in Discovery Park's Burton D. Morgan Center for Entrepreneurship, Room 121.

The annual competition, scheduled for Feb. 21, offers a total prize package of $100,000 to the student teams that develop and present business plans for viable new ventures. Registration for the 2012 event opens Sept. 8.

Richard Cosier

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"The callout will outline the competition for the students, offering tips to those with a business idea but needing guidance on drafting a business plan for that next big business idea," said Richard Cosier, the Avrum and Joyce Gray Director of the Burton D. Morgan Center. "Students interested in joining a startup team should also attend."

Teams composed of undergraduate students will compete in the Black Division, and teams of faculty, staff, graduate students, alumni and area business people will compete in the Gold Division. Top prize in the Black Division is $20,000, while the winner of the Gold Division receives $30,000.

Competition sponsors are the Burton D. Morgan Center for Entrepreneurship and Purdue's Krannert School of Management.

For information about the callout or registration, contact Jackie Lanter at 765-494-1335, bdmcenter@purdue.edu, or visit http://www.purdue.edu/entrepreneurship 

The late Burton D. Morgan was a Purdue alumnus who started 50 companies, six of which have become major corporations, including Morgan Adhesives, one of the world's largest makers of pressure-sensitive adhesives. He also was president of Basic Search Co., an idea-development firm, and wrote several books on entrepreneurism.

The entrepreneurship competition started in 1987 with an endowment gift to Purdue from the Burton D. Morgan Foundation. The Morgan Foundation also funded the $7 million, 31,000-square-foot Center for Entrepreneurship.

The center leads Purdue's Kauffman Campuses Initiative, which is focused on making entrepreneurship education available across the university's main and regional campuses, enabling any student, regardless of field of study, access to entrepreneurial training.

Writer:  Phillip Fiorini, 765-496-3133, pfiorini@purdue.edu 

Sources:  Richard Cosier, 765-494-4366, rcosier@purdue.edu

                  Jackie Lanter, 765-494-1335, lanter@purdue.edu

Related website:
Discovery Park