The Rice Business Plan Competition is the worldâ€™s richest and largest graduate-level student startup competition. It is hosted and organized by the Rice Alliance for Technology and Entrepreneurship, which is Rice University's internationally-recognized initiative devoted to the support of entrepreneurship, and the Jesse H. Jones Graduate School of Business. This is the 16th year for the competition. In that time, it has grown from nine teams competing for $10,000 in prize money in 2001, to 42 teams from around the world competing for more than $1.5 million in cash and prizes.
In 2015, more than 750 applications were submitted. More than 180 corporate and private sponsors support the business plan competition. Venture capitalists and other investors from around the country volunteer their time to judge the competition, with the majority of the 275+ judges coming from the investment sector. 161 past competitors have gone on to successfully launch their businesses and are still in business today, with another 15 having successful exits. These companies have raised in excess of $1.2 billion in funding.
The competition is designed to give collegiate entrepreneurs a real-world experience to fine tune their business plans and elevator pitches to generate funding to successfully commercialize their product. Judges will evaluate the teams as real-world entrepreneurs soliciting start-up funds from early stage investors and venture capital firms. The judges are asked to rank the presentations based on which company they would most likely invest. 76% of judges surveyed considered investing in a team that presented at the 2015 RBPC or referred a team to a third-party investor.
We provide an unparalleled experience for the participants by designing a diverse program over the course of three-days; with significant time designated for feedback and interaction with the judging panel.
All teams will participate and present on all three days
- Thursday:Â Practice Round and Elevator Pitch Competition
- Friday:Â First Round and Feedback Session
- Saturday:Â Semi-Final Round, Challenge Round and Final Round
Highlights of the Competition
- Real-world opportunities to learn whatâ€™s required to successfully launch a new business
- Chance to receive mentoring from investors and experienced entrepreneurs
- Scheduled opportunities to network with potential venture capitalists and other investors for three days
- High caliber of judges, all senior level investors, entrepreneurs and industry leaders
- Opportunities to receive individual feedback during 3 separate sessions
- 2015:Â $1.5 Million + in prize money was awarded with all teams winning at least one cash award
The goal of the RBPC is to provide the best overall educational and entrepreneurial experience of any business plan/new venture competition and we were very gratified by the feedback we have received from past competitors and judges.
- 2015, 2014, 2013, 2012, 2011, 2010, 2009 Top Ten Best U.S. Graduate Entrepreneurship Program â€“ Princeton Review and Entrepreneur magazine
- 2015, 2014, 2013, 2012, 2011 Top 15 Best Graduate Entrepreneurship Program â€“ U.S. News and World Report
- 2014, 2013 #1 Global University Business Incubator
- 2013 Top 20 Best Global Entrepreneurship Program â€“ BusinessWeek International
- 2012 #7 Best college for Aspiring Entrepreneurs â€“ Huffington Post and Unigo
- 2011 NASDAQ OMX Center of Entrepreneurial Excellence Award â€“ GCEC
- 2011 National Model MBA Entrepreneurship Program â€“ USASBE
- 2011, 2009 Marketer of the Year â€“ American Marketing Association
- 2009 Outstanding Center for Entrepreneurial Leadership - GCEC
- 2009 Excellence in Technology Entrepreneurship Award - GCEC
- 2009 Outstanding Technology Entrepreneurship Program â€“ USASBE
- 2008 Houstonâ€™s Greatest Economic Development Ally â€“ Greater Houston Partnership