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Michigan Business Challenge

Applications will only be accepted online through the mbc2017.startupcompete.co platform. If you experience any issues while using this platform, please contact mbc2017help@umich.edu

Eligibility

  • The Michigan Business Challenge is open to all current UM undergraduate and graduate students. Teams may add or remove members throughout the competition.
  • At least one member of the student team must be the author of the business plan.
  • The proposed business may be for a consumer or industrial product or service. The business may be for-profit or non-profit, though most competitive businesses demonstrate high growth and/or large market potential.
  • Teams of students from different colleges within the University may submit a business plan. Only current UM Ann Arbor students may present the business before the judges, even if the team includes students from other campuses, different universities or non-students

Exclusions

  • Buy-outs/turn-arounds, expansions of existing companies, real estate syndications, tax shelters, franchises, licensing agreements for distribution in a different geographical area, and spin-outs from existing companies.
  • Ventures with revenue prior to the current academic year. Ventures that have raised equity capital from sources other than the members of the student team before the current academic year.

Timeline

The timeline for the Michigan Business Challenge can be found under "Competition Timeline" on the mbc2017.startupcompete.co platform. Judging dates listed under the competition timeline will be used as review periods. Actual competition judging will take place as follows:

  • Round 1: December 2nd
  • Round 2: January 20th
  • Semi-Finals/Finals: February 17th

A business venture that reaches the Finals may not compete in future Michigan Business Challenges.