The Ron Rubin School for the Entrepreneur has announced a new regional business idea competition at the high school level, called The Next Launch. Set for May 17, The Next Launch will place the top three finishers in the Miclot Business Plan Competition against qualifiers from the Illinois Mathematics and Science Academy (Aurora, Ill.) and Fishers High School near Indianapolis.
The Miclot Business Plan Competition will be conducted on March 19. The other two high schools will also conduct similar competitions, with the top three from each also moving on to The Next Launch, which will be conducted at Launch Fishers, a business incubator in Fishers, Ind.
The Miclot Business Plan Competition is open to all students on campus. It requires entrepreneurial teams to work with a mentor. Endowed by Culver parents Andy and Sharlene Miclot of Boca Raton, Fla., the competition requires the students to devise a product or service, work on a business plan, and do field research, all under the guidance of their mentor. The teams then make their presentations before a panel of Culver alumni or parent entrepreneurs, who act as the judges.
In addition to competing for the Miclot’s top prize of $5,000, the winning team or student will have the opportunity to earn $10,000 at The Next Launch. The regional competition will provide real-world experience for teamwork, collaboration and field research typically only found at the university level.
“Creative innovation mixed with business strategy guides students to find success in the real business world later in life,” said Alex Kurrelmeier, director of The Ron Rubin School for the Entrepreneur. “The Next Launch will prepare students for the ambitious, professional working world through intensive peer unity and progressive competition.”
The Next Launch will follow the basic Miclot guidelines. Any student at the three participating schools is eligible to compete. Teams will be comprised of one, two, or three students and will be supported by a mentor entrepreneur. Each team will submit a business idea that includes a description of the product or service, and its market need. The business idea will also include selling propositions, along with the future growth characteristics of the product or service. A panel of independent judges, one each from The Kelley School Business at Indiana University, The Lacy School of Business at Butler University, and Rose-Hulman Institute of Technology will judge the competition, and select the winning team.
Sponsors of The Next Launch include One Zone, the Fishers/Carmel Chamber of Commerce; The Kelley School of Business at Indiana University; The Lacy School of Business at Butler University; Rose-Hulman Institute of Technology; Ice Miller-Legal Counsel; and Woodard, Emhardt, Moriarty, McNett & Henry LLP.