Skip to main content

Competition FAQ's

Do you have an idea you want to bring to life? 

This is the year to start your entrepreneurial journey!

The  2022-23 West Virginia Collegiate Business Plan Competition  (WVBPC) provides college students throughout the state of West Virginia with the unique opportunity to make a business idea come to life with the support of state institutions of higher education and investors from around the country. The competition awards technical assistance funding each year to eager entrepreneurs in West Virginia.

All you need is one idea and a 90-second YouTube video to enter by Friday, November 11 at 12:00 p.m. (noon) to be considered. 

If I don’t have a business plan, can I still enter?

Yes! Business plans do not come into play until the third round. In round one, you pitch the idea or current business through a 90-second YouTube video. View the example here.

What do I win?

Real money. You pitch for what you need: legal support, prototyping, manufacturing, etc. You will also have the opportunity to pitch to venture capitalists and angel investors (think SharkTank) for additional funding. 

Is there still a scholarship award?
No. 

Do you take in equity in my business?

No. The competition does not take any equity in your business. Winnings are taxable. 

Can I enter a nonprofit idea?

Yes.

Who is eligible to enter?

Any High School student, College Student or Community Member throughout the state of West Virginia. We have three competitions one for each demographic. 

Does each entry need to be registered with the West Virginia Secretary of State Office (SOS) in order to participate?

No, not in Round 1. If you make the final (3rd) round in order to receive payment you must be registered as a business in WV through the Secretary of State's Office. As a part of the competition framework, you will have assistance in doing so prior to if you haven't already. 

–––––––––––––––––––––––––––––––

Still not sure where you should start? Visit the  website for more information regarding the application process, formulating ideas and writing a business plan. You are also welcome to send a direct message to  @wvbusinessplan if you have any questions!


SH and CT 10/24/22 

CONTACT: Shelby Hudnall 
Marketing Strategist
WVU John Chambers College of Business and Economics, Strategic Communications 
Stoompa1@mail.wvu.edu 

LATEST NEWS