University to test business hopefuls

May 3, 2017 by  

The University of Colorado at Colorado Springs is hosting an unusual event—a business plan competition.

Entrepreneurs will be competing head-to-head in a competition with several rounds. The winning startup will get a chance to compete in a global contest. The contest is in Singapore, and the winner will be sent to Asia, all-expenses paid.

The competition is called ‘Get in the Ring’, in which entrepreneurs literally get into a boxing ring to pitch their startup companies. They have the opportunity to respond to questions from a panel of business leaders and successful entrepreneurs, and audience members get to vote as well, using red and blue glow sticks. The final choice however, is up to the panel.

UCCS professor Michael Larson is organizing the contest, which has found a sponsor in the form of the El Pomar Institute for Innovation and Commercialization. Larson said that the competition gives startups a way to attract notice, but is not yet popular in the United States. Since the competition in Singapore is only two weeks after the one in Colorado Springs, the university had to decide if it was going to send a team, and decided to go for it.

The competition is this evening at 5:00 pm at Berger Hall at UCCS. A flyer printing company can help organizers of events like this create a handout describing each startup.