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Prizes and Awards for the 2009 John Ruffatto Business Plan Competition |
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Over the past four years, the School of Business Administration has been able to increase the total prize money from its original amount of $3,000, as well as to raise the funds necessary to ensure that students traveling to Missoula for the event are provided with scholarships to cover their transportation and lodging. In 2009, the total cash and prize purse awarded was over $25,000. The description below provides award amounts for the 2009 competition and is subject to change for the 2010 competition.
High Growth Division Finalist Round (all three teams present in evening round): 1st Place: $5,000 2nd Place: $3,000 3rd Place: $1,000
Wildcard Round: Each of the three teams that make it to the Wildcard Round but do not advance to the Final Round will receive a $500 cash prize.
Lifestyle Division 1st Place: $3,000* (team presents in evening round) 2nd Place: $1,000
Special Awards These special awards are given to teams or individuals based on specific criteria and are considered separate from other prizes.
Brandon Speth Passion, Poise, and Charisma Award = $1,000 This award is named in memory of Brandon Speth (photo below). In 2001, Brandon Speth’s business plan Air Montana, Brandon won first prize in the competition. Many of us can still recall the charisma, passion, and poise with which Brandon Speth presented his plan. Brandon Speth went on to earn the certifications required to start his business. Unfortunately, tragedy struck last fall while Brandon Speth was doing what he loved to do. In his memory, SOBA and MADE have initiated this award and it will be given to the individual student who best demonstrates the charisma, passion, and poise necessary to make his or her entrepreneurial dream become a reality.
People’s Choice Award = $1,000 The People’s Choice Award will be given to the team receiving the highest score in the Finalist Round from the audience. The audience will base their vote on the presentations and the 1-page Executive Summaries submitted by the teams.
Environmental and Social Responsibility Award This new award will be given to the team which the judges feel most embodies the concept of the triple bottom line. This potential venture realizes the importance of economic profit, as well as social and environmental profit.
Undergraduate Business Plan Awards Competition Judges will select three undergraduate plans to receive the following awards: 1st Place Undergraduate Business Plan: $500 2nd Place Undergraduate Business Plan: $400 3rd Place Undergraduate Business Plan: $300
All Semifinalist teams not selected for Finalist Round Each of the nine Semifinalist teams not selected for the Finalist Round will receive a $200 cash prize.
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