Charleston, WV-- The West Virginia Department of Education (WVDE) is encouraging students from high schools and Career and Technical Education (CTE) centers across West Virginia to put their entrepreneurial knowledge and skills to the test through the statewide High School Business Plan Competition (HSBPC). The competition is open to juniors and seniors from 157 high schools and CTE centers.
To be considered for the competition, students must write a three page maximum executive summary of their business concept and submit it through the WVDE website by 12:00 p.m., November 14, 2014. Judges will evaluate submissions based on a 100 point rubric and announce the 10 finalists on December 12.
Finalists from each district will then be paired with a business coach, either a teacher or local business leader, who will mentor and support the students in developing a 12 to 15 page business plan for their idea due by 12:00 p.m. on March 6, 2015. Judges will evaluate the business plans using a data management system before students attend the final competition held at West Virginia University (WVU) in the Alumni Center on March 21, 2015.
The program is funded by a collaborative effort of the Brickstreet Center for Innovation and Entrepreneurship and the Claude Worthington Benedum Foundation. The winner of the competition will be awarded a $10,000 scholarship to one of nine participating universities and colleges throughout West Virginia. Participating universities include Bethany College, Concord University, Fairmont State University, Glenville State College, Shepherd University, University of Charleston, West Liberty University, WVU and WVU at Parkersburg.
In addition, the West Virginia high school with the most HSBPC entries will be awarded a $1,000 innovation grant. The grant will fund entrepreneurship curriculum, programs and/or projects that promote entrepreneurial activities in the winning school and its community. In the event that there are multiple schools sharing the most entries, winning schools shall share the grant proceeds equally.