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The Rice Business Plan Competition — the world’s largest and richest student startup competition — will announce the teams invited to participate in this year’s edition on Friday.

The Faculty Senate recently approved the undergraduate business major, which will start offering courses in fall 2021 according to Jeff Fleming, deputy dean of academic affairs. Undergraduates in the class of 2024 and beyond will be eligible to declare the new business major. 

“There’s a clear philosophy at Rice that prioritizes quality of relationships and learning,” says Christina Tamayo, who will graduate in 2022. “I’m excited by the diverse concentrations offered, particularly in energy and strategy."

The Rice Business Plan Competition unveiled 54 startups that will showcase their business ideas at a virtual event next month. The competitors include five student teams from three Texas universities.

Constance Porter, assistant clinical professor of marketing, has joined the leadership team of the school’s newly expanded Office of Diversity, Equity and Inclusion (DEI).