, a competition to develop a business plan through the University of Colorado Denver's Jake Jabs Center for Entrepreneurship
, is set to begin its 15th year with a new, non-collegiate competition, expanded footprint and a citizen vote. The competition, which starts Sept. 8, will culminate in an award event on Nov. 10.
The goal of the competition is to help entrepreneurs transform concepts into viable businesses through mentorship opportunities. Previously, the competition was only available to college students but now includes a non-collegiate track for Colorado-based startups. In addition the competition is now open to collegiate applicants from Arizona as well as students from Colorado, Wyoming, New Mexico and Montana.
Since the competition began in 2001, it's awarded $1 million and shared more than 500 mentor hours. Some of the previous winners of THE CLIMB include Rosenberg's Bagels
, AppIt Ventures
and Living Ink Technologie
s, says Sarah Engel, assistant director of the Jake Jabs Center for Entrepreneurship. "Rosenberg's Bagels is definitely recognizable in Denver," Engel says.
"With thousands of business plan competitions available in the U.S. alone, these events are more than just a means to fund a big idea," says Madhavan Parthasarathy, director of the Jake Jabs Center for Entrepreneurship and an associate professor at CU Denver. "We redesigned our competition to deliver a comprehensive, real-world business and learning experience. The caliber of entrepreneurial experts, organizations and faculty that teams have access to in this competition is truly priceless. The financial payout is simply a bonus."
Judges, including namesake Jake Jabs, will send 10 collegiate teams to the semi-finals. During the Collegiate & Community Pitch Night on Oct. 13 the audience will have the opportunity to invest "CLIMB cash" to advance one more collegiate team and three community startup businesses to the finals event in November. "As a public university with strong ties to our community, we wanted to give people an opportunity to engage in the competition and cast their vote for who they think would keep Colorado's entrepreneurial spirit moving forward," Parthasarathy says.
Contact Confluence Denver Innovation & Jobs News Editor Chris Meehan with tips and leads for future stories at firstname.lastname@example.org.