Harvard Business School (HBS) says that it will hold a new business plan competition open to HBS alumni from all over the world. Qualified ventures will compete for a cash prize of $25,000.
The contest—which was formally announced online by the business school’s Arthur Rock Center for Entrepreneurship and Alumni Relations—will be open to teams that have at least one HBS alumnus. The business school said on its website that more than half of HBS alumni consider themselves to be entrepreneurs, and the school hopes that this competition, called the Alumni New Venture Contest, will become an annual event.
Harvard Unveils New Alumni Entrepreneurship Contest | Xconomy