Innovation and economic growth are largely dependent upon the ability of institutions of higher learning to produce future leaders with the requisite skills to be entrepreneurial in their professional lives. In response, Fayetteville State University (FSU) is developing an “elevator pitch” and business plan competition to provide the training and experience for faculty and students to develop entrepreneurial thinking and learn to translate their ideas into business opportunities, equipping them with the skills necessary to be, as the UNC Tomorrow Commission report recommends, “globally ready” and leaders in the “economic transformation” of the state.
The FSU Business Plan Competition will be open to all FSU students, both graduate and undergraduate, and encourages participation by all majors, particularly those in the STEM fields.
In the first phase, students will present an “elevator pitch” to a panel of judges consisting of faculty, local business leaders, and organizations that support and nurture budding entrepreneurs. The top six teams will advance to the second phase and will be given three months to write and present a business plan during the final round of competition. The top three winning teams will receive cash awards and the first placed team will receive funding to participate in a national competition.
Additionally, there is a need to enhance the entrepreneurial acumen of both business and non-business faculty. Therefore, workshops will be offered to highlight factors that contribute to entrepreneurial thinking with the intent of positioning faculty to become full partners in the creation of an entrepreneurial campus and expand this knowledge to help businesses in the Fayetteville region.
For futher information, please visit FSU's website.