EVENT:  Thirty-seven teams participating in the Paul Merage School of Business 2016 Business Plan Competition at UCI Applied Innovation will make their final pitches judges representing faculty and community business leaders. More than $100,000 in prizes will be awarded to winning teams in nine categories. This funding, and further support from UCI’s Applied Innovation, will help teams advance their business ideas into the marketplace. The Business Plan Competition has fostered numerous new start-ups from promising UCI entrepreneurs.

Here is the list of finalists: http://merage.uci.edu/events/merage/BPC2016/

For more about the 2016 Business Plan Competition: http://merage.uci.edu/ResearchAndCenters/Beall/BPC.aspx

WHEN/WHERE:  8:30 a.m.- 6 p.m. Friday, May 6, The Cove at UCI Applied Innovation, 5141 California Ave., Irvine, Calif. Parking is free.

(Building F, grid G-2 on campus map: https://communications.uci.edu/documents/pdf/UCI_15_map_campus_core.pdf)

INFORMATION:  Media planning to attend should contact Nick Miede at 949-824-8653 or nmiede@uci.edu.

HIGHLIGHTS:  8:30 a.m. Teams begin eight hours of competition in three tracks: IT/Web, Life Sciences/Clean Tech and Consumer. Special awards will also be given in categories for the School of Medicine, outstanding undergraduate team, the Blum Center for Poverty Alleviation and Tech Surge tracks containing UCI intellectual property.                             

 6 p.m. Awards Ceremony – More than $100,000 in cash and in-kind prizes will be awarded. Winners will also provide 90 second presentations about their companies.

BACKGROUND: The Paul Merage School of Business 2016 Business Plan Competition at UCI Applied Innovation is one of the nation’s premier programs of its kind. It offers UCI students, staff, and researchers the opportunity to form a team, create a plan and potentially fund their business idea all within six months.

At the signature competition kick-off Nov. 5, 2015, participants learned details about prizes, rules and registration procedures, and met winners from previous years. Participants then formed teams, submitted their concept papers, attended competition-related workshops and turned in their final business pitch deck on April 28. Between the kick-off and the finals, expert practitioners from across Orange County offered six workshops on business plan development. The competition also provided individual team coaches to all teams that qualified for the semi-finals.

The 2016 Business Plan Competition is sponsored by UCI Applied Innovation, The Paul Merage School of Business, the Beall Family Foundation, the UCI Blum Center for Poverty Alleviation, Microsemi, Stradling Attorneys at Law, Fish & Tsang Intellectual Property Law, Nguyen & Tarbet Patent Trademark Copyright Law, Iris Technology, Calit2 and the UCI School of Medicine.

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