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UMBC Students Compete for a Chance to Launch a Startup in the Cangialosi Business Innovation Competition

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The Cangialosi Business Innovation Competition (CBIC) is open now for University of Maryland, Baltimore County (UMBC) students who aspire to become entrepreneurs. Both undergraduate and graduate UMBC students can apply by submitting a competitive and realistic 3-5 page technology-focused business plan by March 6.

The CBIC is a next-level competition designed to give aspiring entrepreneurs the opportunity to experience what it’s like to launch a startup. Competitors will be paired with business mentors from the community and will get practice presenting their ideas to a panel of experts. This “real world” experience will provide helpful feedback and experience, and the cash prizes that will be awarded can help winning startups take their idea to the next level.

The competition consists of three stages:

Stage 1: By March 6, students will complete the business plan template and application here, which will be reviewed by a panel of experts. Plans will be judged based upon feasibility, market opportunity, and the expressed level of interest and motivation the applicants have to actually launch a business.

Stage 2: Candidates selected to proceed to proceed to Stage 2 will be notified by March 13. They will be paired with a business mentor to help polish their business plan and will be provided with additional coaching.

Stage 3: Applicants who complete Stage 2 will be invited to present their business plans to a final panel of judges on April 24. The top 3 winners will receive cash prizes up to $5,000 as well as prize packages designed to support the launch of their business (a 6-month complimentary membership to Betamore, business advisory services as affiliate members of bwtech, the opportunity to pitch their idea to the local angel investment community, and more).

Learn more and apply to CBIC here.

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About the Author

Meg Rayford is a communications consultant based in Northern Virginia. She previously spent two years as the Director of Public Relations for a nonprofit startup, where she learned a lot about providing clean water for impoverished countries, even within the confines of a bootstrapped startup. She is the editor of Tech Cocktail, and she develops media strategies for companies in Washington, DC and Virginia. You can read her most recent work in the marketing chapter of the upcoming book, "Social Innovation and Impact in Nonprofit Leadership," which will be published in Spring 2014 by Springer Publishing. Follow her @megkrayford.

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