As the Tulane Entrepreneurs Association (TEA) hits a 10-year milestone with its annual Business Plan Competition, the group is shaking things up by more than doubling the prize money and shifting focus to the virtues of “conscious capitalism.”
The deadline to apply for the 2010 Tulane Business Plan Competition is Feb. 1.
This year, the contest will award a top prize of $50,000 in startup capital to the group with the best idea for a business that seeks to positively affect both its stakeholders and the society in which it operates. The idea could involve the principles of social entrepreneurship or “right livelihood,” which is based on the belief that one can do good for the world while doing well for oneself, says TEA President Matt Dearmon, a second-year graduate student at the Freeman School.