|FRANKLIN P. PERDUE SCHOOL OF BUSINESS|
|CONNECTING YOU TO THE FRANKLIN P. PERDUE SCHOOL OF BUSINESS||MARCH 2014|
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Race to Innovate
Race to Innovate is an entrepreneurial brainstorming and business development competition. The goal of the event is to introduce the Business Living and Learning Community students within the Perdue School to the concept of shaping ideas into a business plan and the opportunity of entrepreneurship as a career path.
The competition was planned and run by the Collegiate Entrepreneursí Organization with the Business Living Learning Community. The Race took place on Friday February 21, at the new HotDesk.org Salisbury location.
The event was a two-part process. The first part was a brainstorming session during which each participant wrote their business ideas on a whiteboard, next they created teams and selected one of the ideas to further develop. The second part of the process included a team brainstorming session, an organization session and a presentation. Each team took an hour to develop their selected idea and design a presentation to explain the main aspects of their new business plan to the observing judges.
True to this generation, the majority of the teams based their businesses around Smartphone apps. Each team presented their new business plan and the presentations were judged by Dave Ryan of the Salisbury-Wicomico Economic Development Board and Tim Sherman of Maryland Capital Enterprises. Prizes were awarded to the winning teams, which were given gift cards from the SU Bookstore. In addition to the competition awards, Joi Smith won a Kindle Fire in the Race to Innovate raffle.
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