College students who want to start a company while still in school are getting a jump on the process by competing in contests now held by several universities.
To play, they have to come up with a business idea or plan. Then they get the chance to try it out, often in front of judges who are venture capitalists or other types of investors.
The prizes, in many cases: funds to help turn it into an actual business.
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USC senior Nick Smith's team entered an idea for a small sail that could be used by skateboarders and skiers.
"We want to use the money to explore a more abrasion-resistant fabric for a pro model," said Smith, 22, whose Sporting-Sails start-up was one of the three entries to win a $12,500 top prize this month at a schoolwide competition for new venture ideas.
To read the full, original article click on this link: Business-plan contests: Student entrepreneurs use contests as a springboard - latimes.com
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