March 22, 2006

Neeley Entrepreneurship Students Chosen for National Business Plan Competition

The TCU Team was one of nine chosen to compete nationwide.

 A team of two students from the Neeley Entrepreneurship Program at TCU have been chosen as finalists for the 9th Annual Enterprise Creation Competition on March 24 & 25, 2006, at Ball State University in Muncie, Indiana. The TCU business students will compete with eight other national finalists for more than $13,000 in cash prizes.

Matt Jacobson and Chris Schaum will compete with their business plan created for Time Zone Airlines. Other finalists are from University of Arizona, Baylor University, Illinois State University, University of Central Florida, University of Michigan, Northwood University, Westmont College and the Ohio State University. All have been chosen based on their written business plans for new businesses, including start-ups, buyouts, expansions of existing companies or site-specific franchises..

"Matt and Chris have worked very hard on their business plan and they deserve this recognition as the first team from TCU ever invited to this competition," said David Minor, director of the Neeley Entrepreneurship Program at TCU's Neeley School of Business. "I know they will represent our entrepreneurship program very well."

The Enterprise Creation Competition gives undergraduate students from across the country the opportunity to develop business plans that demonstrate the ability to be successfully launched.  All business plan entries are evaluated by a preliminary judging panel provided by Katz Sapper & Miller CPAs, Indianapolis. Nine finalists are then selected and invited to Ball State University to compete.  These two days of competition are evaluated based on both the written business plan as well as an oral presentation.

The first-place winner will receive $7,500, with second winning $3,500 and third place picking up $1,000. There also will be $500 prizes for most innovative/creative plan and best entrepreneurial effort. The remaining teams will receive $300 for advancing to the finals.

The Enterprise Creation Competition is hosted by Ball State University's Entrepreneurship Program, Indiana University's Johnson Center for Entrepreneurship and Innovation, and Syracuse University's Falcone Center for Entrepreneurship and the Department of Entrepreneurship and Emerging Enterprises. 

Winners of the 2005 competition were: 1st Place - Carnegie Mellon University, 2nd Place - University of Houston, and 3rd Place - University of Arizona.

For more information on the Neeley Entrepreneurship Program, go to www.nep.tcu.edu .

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WRITER/MEDIA CONTACT
Elaine Cole
Public Relations/Event Manager
Neeley School of Business
817-257-5724
e.cole@tcu.edu