The Tulane Entrepreneurs Association (TEA) has begun accepting applications for the 2012 Tulane Business Plan Competition, the only business plan competition in the nation dedicated to the principles of conscious capitalism.
This year’s event, which takes place at the Freeman School on April 13, will award a cash prize of $50,000 to the most promising new venture embodying the conscious capitalist philosophy. In addition, competition partner and sponsor the Domain Cos. will award a prize of $20,000 to the venture with the greatest economic impact on New Orleans.
“Our goal is to continue to grow the competition by focusing on the principles of conscious capitalism,” said Court Robinson (MBA ’12), president of TEA. “We believe that students are more dedicated than ever to creating businesses that align the interests of all of their stakeholders.”
The Freeman School has established a national reputation in recent years for social entrepreneurship and conscious capitalism, a broader concept that calls for organizations to consider the interests of all stakeholders—including employees, customers, suppliers, shareholders and community members—rather than focusing solely on shareholder returns. In October, the Princeton Review ranked the Freeman School 14th on its list of the nation’s top graduate programs for entreprepreneurs, the sixth consecutive year Freeman has made the Princeton Review’s list of the nation’s best entrepreneurship programs.
“By devoting our passion and creativity to raising the level of entrepreneurship education at the Freeman School, we hope to inspire a new generation of entrepreneurs and social innovators across the university and in the community,” said John Elstrott, professor of practice and executive director of the Levy-Rosenblum Institute for Entrepreneurship.
To enter the Tulane Business Plan Competition, student contestants must submit an executive summary no longer than six pages by Jan. 22. For more information about the competition, including eligibility requirements and how to enter, please visit http://www.freeman.tulane.edu/tea.