Entrepreneur Plus - Short White
For Subscribers

Learn by Pitching Business plan competitions and venture forums might be nerve-racking, but they can also get you the cash you need.

By Cynthia E. Griffin

Opinions expressed by Entrepreneur contributors are their own.

"Where do I find money to launch?" is probably thesingle most frequently asked question of start-up entrepreneurs.Typically the answer is friends, family and fools-but collegestudents and newly minted grads sometimes have trouble convincingthose sources to ante up. Fortunately, there are some solidalternatives to consider, including venture forums and businessplan competitions. Both have been around for years, but not all ofthem are created equal.

In fact, a number of universities have gotten quite innovativewith their competitions. For example, at Wake Forest University inWinston-Salem, North Carolina, the Babcock Graduate School ofManagement has created the Babcock/Eno River Capital ElevatorCompetition. In this year's competition, held in March, 27teams of MBA students representing 16 schools nationwide got twoelevator rides of two minutes apiece to convince a venturecapitalist that their business ideas were worth investing in.

Continue reading this article — and all of our other premium content with Entrepreneur+

Join the internet’s leading entrepreneur community! With your subscription you’ll get:

  • Access to all of our premium content and an ad-free experience
  • A complimentary subscription to Entrepreneur Magazine
  • Four free e-books a year and 20% off everything from our bookstore
  • Exclusive events with business celebrities and successful entrepreneurs

Editor's Pick

A Father Decided to Change When He Was in Prison on His Son's Birthday. Now His Nonprofit Helps Formerly Incarcerated Applicants Land 6-Figure Jobs.
A Teen Turned His Roblox Side Hustle Into a Multimillion-Dollar Company — Now He's Working With Karlie Kloss and Elton John
3 Mundane Tasks You Should Automate to Save Your Brain for the Big Stuff
The Next Time Someone Intimidates You, Here's What You Should Do
5 Ways to Manage Your Mental Health and Regulate Your Nervous System for Sustainable Success

Related Topics

Growing a Business

The Best Way to Run a Business Meeting

All too often, meetings run longer than they should and fail to keep attendees engaged. Here's how to run a meeting the right way.


Working Remote? These Are the Biggest Dos and Don'ts of Video Conferencing

As more and more businesses go remote, these are ways to be more effective and efficient on conference calls.

Business News

'Do You Hate Me?': High School Teacher Shares Wild Emails He Receives From Students

Jordan Baechler teaches high school students in Ontario, Canada.

Life Hacks

The Top 5 All-Time Best Productivity Hacks You've Never Heard Of

Want to combat chronic procrastination? Use these top five productivity hacks to put an end to this debilitating nuisance.


I Accidentally Became a Successful Entrepreneur. Here Are 5 Mistakes I Learned to Avoid When Starting a Business

PR is, at its core, storytelling. And the story of my now-thriving solo-owned business has been fraught with as many mistakes as successes, as many fall down the ladder as steps up. It's from my missteps, in fact, that I learned even more than from my triumphs, and this article presents 5 of my biggest blunders on the road to a flourishing small business.