The Milken-Penn GSE Education Business Plan Competition is considered the most prestigious and well-funded education business plan competition, attracting innovative ideas from around the world. Since 2010, the competition has awarded more than $1.4 million in cash prizes. Winners and finalists have gone on to secure more than $140 million in funding.
The EBPC welcomes entrepreneurs with innovative ideas in education from around the world. Educational entrepreneurship ventures can address a wide range of educational issues. They encourage applications in every conceivable educational setting–from early childhood through corporate and adult training, in settings and contexts anywhere in the world.
Although the prizes have not been decided for 2020. Benefits usually include cash prizes and an opportunity to share your idea with investors, entrepreneurs, and educational thought leaders.
The EBPC is open to applicants worldwide. In addition, the EBPC welcomes the winners of select international business plan competitions to join their Competition as semifinalists.Eligible Regions: Open for All
EBPC applicants should describe an issue in education that their venture addresses, offer their venture’s solution, and discuss scaling possibilities to demonstrate the impact their proposed innovation can bring to the field of education and additional settings.
Important elements of business plan applications include (but are not limited to):
- The Product or Service: Describe the innovative product(s) or service(s) that your venture offers, including details about your organization, its mission statement, and any key partnering organizations involved in your venture.
- The People: Discuss your organization’s management team and address project leadership, backgrounds and expertise of key personnel, staff members, and overall organizational structure.
- The Market: What is your target market(s), and who are your target customers? Discuss the viability, readiness, and descriptions of your target market(s) and explain your marketing strategy to communicate with and successfully reach customers.
- The Competition: Explore existing competitors (with examples) that provide similar product(s) or services(s) to what you offer. Discuss your competitive advantage: how will you differentiate your venture to secure your market(s) and ensure the viability of your business? Discuss barriers to entry and any liabilities your organization may face.
- The Finances: Provide financial details including all expected income and expenses (current and anticipated) for years one, two, and three of your financial plan. Consider how your organization will scale and remain financially sustainable.
- The Impact: Describe your venture’s potential Impact on teaching, learning, and/or education outcomes.
Submissions also include a digital slide deck presentation (PowerPoint or similar format; required; 15 slides maximum) and a 60-Second Video Pitch (optional, but highly recommended).
All application materials must be submitted through the online portal.
Application Deadline: April 15, 2020Application ClosedOfficial link