Welcome to your future!
The CBIC (Cangialosi Business Innovation Competition) is back for its second year.
Applications due March 5, 2015 by 5:00PM
Event will take place on April 23, 2015
First Prize= $5,000
Second Prize = $2,000
Third Prize = $1,000
The CBIC is designed to attract the real entrepreneurs at UMBC, the ones who know they are going to start a company, or in some cases have already. You’re the ones this entrepreneurship program was designed for! Are you ready to start living your dream?
What is the Cangialosi Business Innovation Competition (CBIC)?
CBIC is an opportunity for UMBC graduate and undergraduate students who aspire to fulfill entrepreneurial pursuits. Participants will experience the process of planning a startup business by submitting a competitive and realistic 3-5 page business plan and qualifiers will present their idea in a final competition.
NOTE: The CBIC requires that technology (mobile, web, etc.), be a focus of your startup idea.
Who should participate?
Any UMBC student (full or part time, graduate or undergraduate) with a dream of launching his or her own business and who plans on actively pursuing that dream.
The CBIC is a next level competition designed to give aspiring entrepreneurs a real opportunity to experience every aspect of planning to launch a startup. The competition will pair you with business mentors from the community and give you practice presenting your idea to a panel of experts. It will also provide “real world” experience and helpful feedback. In addition to mentorship from real world experts, the program is also designed to connect students to the local entrepreneurial ecosystem.
Winners also get seed funding for their businesses, and support from our sponsors including:
Free legal services
Membership at the award winning Betamore campus in Federal Hill
- Fundraising advice & pitch practice w/ members of the Baltimore Angels
The CBIC is sponsored by:
APPLY: REGISTER HERE
To enter the first stage of the competition, complete the business plan template and candidacy application form found at http://entrepreneurship.umbc.edu/cbic-entry-form. Deadline for application is MARCH 5, 2015 by 5:00PM. This business plan will be reviewed by a panel of qualified experts for quality of the business plan (e.g., feasibility, market opportunity, etc.) and the expressed level of interest and motivation the applicants have to actually build/launch a business.
Candidates selected to proceed to Stage 2 will be notified by MARCH 12, 2015. They will be paired with a business mentor to help polish their business plan. They will also be provided with additional coaching and introduced to UMBC resources and regional support programs.
Individuals/teams that complete Stage 2 will be invited to present their business plans to a final panel of judges on APRIL 23, 2015. The top 3 winners in the competition will receive seed capital of up to $5,000. Additionally, they will be awarded with prize packages designed to support the launch of their business. Prizes could include a 6 month complimentary membership to Betamore, business advisory services as affiliate members of bwtech or other local incubators, the opportunity to pitch their idea to the local angel investment community, free access to regional business support programming, and more.
The following companies were winners of previous CBIC Competitions:
Read about the inaugural winners here: http://my.umbc.edu/news/43966