The International Business Model Competition represents a radical departure from the past and the crest of a new paradigm in entrepreneurship. The IBMC is not a business plan competition. The IBMC requires a focus on testing assumptions in the field rather than the typical approach of gathering secondary data, developing validated learning rather than writing a business plan, getting outside the building rather than researching inside the building, applying lean development rather than relying on product development, and “reinventing” or changing course rather than executing on the plan. This competition rewards teams based upon the process of validation and adaptation rather than the merits of the company alone.
COMPETITION HIGHLIGHTS
All-star final event judging panel: Steve Blank, Alex Osterwalder, and Nathan Furr
Over $100,000 in cash prizes (with a guaranteed $2000 awarded to each quarterfinalist)
Last year 2,000+ teams from 200+ schools in 20 countries participated in IBMC-affiliated competitions
IMPORTANT 2015 DATES
| Submission Deadline (11:59 PM) | March 26 |
| Quarterfinalist Teams Announced | April 7 |
| Quarterfinal Event | May 1 |
| Semifinal and Final Events | May 2 |
If you want to participate please go to the Apply page. Teams will find further information regarding the application process there.
It is important that all participants understand the competition eligibility guidelines and judging criteria prior to application.
We have attached a tentative schedule of events and competition flowchart. If you would like further information.
