Got a Business plan? Earn $1,000 in 60 Seconds

An interesting, recurring, competition by Rice University known as Rice Business Plan Competition were given a minute to deliver the best business pitch they could muster to a panel of judges.

42 Teams from the world’s top graduate programs announced. At least one team competing in Rice University’s Business Plan Competition made $1,000 Thursday night in 60 seconds!

It was the competition’s elevator pitch round at the world’s largest student business plan contest. All 42 teams were given one minute to pitch their business plans to judges. The stakes for these mini-presentations are high. The top prize is $1,000, the second and third place teams take home $750, and fourth and fifth place teams, $500. Though that’s small change compared with the competition’s nearly $500,000 grand prize.The competition’s real presentations begin Friday, and all prizes, more than a million dollars worth, will be awarded Saturday.

Business Plan Areas include:

– Clean Technology- Life Science/Biotech/- Medical Devices- Energy (oil and gas, other traditional fuels)- Sustainability- InformationTechnology/- Web/Internet- Space Technologies/- Aerospace- Consumer Goods and Products- Social Entrepreneurship- Nanotechnologies- AdvancedMaterials/- Other Technologies

The RBPC will feature at least 6 Major Investment Prizes including:

– $150,000 Grand Prize Investment sponsored by The GOOSE Society of Texas- $100,000 Kleiner, Perkins, Caufield & Byers (KPCB) Prize for Clean Tech Innovation- $100,000 Greater Houston Partnership/Opportunity Houston Investment Prize – Life Science- $100,000 Greater Houston Partnership/Opportunity Houston Investment Prize- Energy/IT/Nano/Aerospace- $100,000 DFJ Mercury Tech Transfer Investment Prize- $100,000 Waste Management “Think Green” Investment Prize- $100,000 OWL Judges Investment Prize

Read More: Rice Business Plan Competition