August 23, 2012
Callout set for students interested in Burton D. Morgan Business Plan Competition
WEST LAFAYETTE, Ind. - A callout for the 26th annual Burton D. Morgan Business Plan Competition, open to graduate and undergraduate students from across the Purdue University campus, is Sept. 4, 5 and 6.
Callout sessions are scheduled for 6-7:30 p.m. Sept. 4 in Rawls Hall, Room 1011; from 5-6:30 p.m. Sept. 5 in Discovery Park's Burton D. Morgan Center for Entrepreneurship, Room 121; and from 7-8:30 p.m. Sept. 6 in the Burton D. Morgan Center, Room 129.
The annual competition, scheduled for Feb. 19, 2013, 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 competition opens Sept. 12 and runs through Oct. 26.
"The callout will outline the competition for the students, offering tips to those looking to launch a unique product or the next big service idea," said Richard Cosier, the Avrum and Joyce Gray Director of the Burton D. Morgan Center. "This annual competition, which is open to all Purdue students from any discipline, emphasizes the fundamentals of turning an idea into a profitable, viable commercial venture."
Teams composed of undergraduate students participate in the Black Division, and teams of faculty, staff, graduate students, alumni and area business people 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.
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.
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