A Lean Startup Competition for Student Entrepreneurs
Koi Energy, which will use the $5,000 cash prize for further research and development of an energy gum with a goal of producing a healthy alternative to coffee and energy drinks.
The LeanModel Competition is a San Diego State University startup competition, managed by the Lavin Entrepreneurship Center and is open to all levels of students. Undergraduate, graduate and Ph.D. students are welcome to participate. The competition's goal is to help create more viable startups that are solving big problems in large markets and industries. Key components of the completion will be the startups business model, an MVP (minimum viable prototype), research and testing with real potential customers, and then, based on results, either to pivot or to develop a new go-forward plan. Problem identification, lean mentality, rapid MVP prototyping, and customer testing and research along with the proposed business and marketing strategy are key elements that judges will be evaluating. We are looking for student teams trying to build real companies and solve real problems.
There will be a top prize of $5,000 for the finalist winning team. Awards for teams finishing below the winning team will still need to be determined. The LeanModel Competition is a regional qualifier competition for the International Business Model Competition supported by Brigham Young University. The winner of this competition bypasses the At-Large Round and is granted an automatic slot in the Semifinal Round of the IBMC international competition sponsored by BYU.
The LeanModel Competition had its origins in Venture Challenge (a 20-year competition held at SDSU) and was influenced by Lean Start-up (Eric Ries) and Business Model Generation (Alex Osterwalder, Yves Pigneur). If you have questions regarding this competition or want to compete please contact Bernhard Schroeder at [email protected]