Prizes
The $134,000 prize money amount is one of the largest among all university-sponsored business competitions.
On the other hand, while $134,000 is a large purse for one contest, it is probably not sufficient to
adequately fund all of the necessary resource requirements of a start-up venture. We envision that the
winners of the prize money would use the reward to professionalize their business plan and presentation,
build a refined prototype, begin the patent application process, help to build the foundations of a
viable business, and/or attract additional capital. Pending further discussions in the organizational
phase, eight finalists will be chosen from the written submissions to make final presentations. Finalists
will receive prize money in the following amounts:
| Place |
|
Associate Sponsors |
Associate Sponsors |
Associate Sponsors |
| |
|
Baker & Daniels and
B&D Consulting LLC |
Ernst & Young |
BioCrossroads |
| First |
$50,000 |
$5,000 |
$5,000 |
$10,000 |
| Second |
$20,000 |
$4,000 |
$4,000 |
This prize money goes to the highest Indiana-based finisher. |
| Third |
$12,000 |
$3,000 |
$3,000 |
|
| Fourth |
$7,000 |
These prizes are in the form of legal and consulting services. |
These prizes are in the form of financial advisory services.
|
|
| Fifth |
$5,000 |
|
|
|
| Sixth |
$3,000 |
|
|
|
| Seventh |
$1,500 |
|
|
|
| Eighth |
$1,500 |
|
|
|
Additional prizes are available to the top three finalists from our Associate Sponsors:
Baker & Daniels and B&D Consulting LLC will offer free legal and consulting services to the top three finishers in the Competition, assuming that there is no conflict of interest in rendering those services. The total value of the services will be $5,000 first place, $4,000 for second place, and $3,000 for third place.
Ernst & Young will offer free financial advisory services to the top three finalists in the Competition in the amounts of $5,000 for first place, $4,000 for second place, and $3,000 for third place.
The top Indiana-based finisher will receive $10,000 prize money from BioCrossroads. |
