Three young entrepreneurs are following their dreams by investing the winnings from a local business plan competition.
According to excerpts from the story:
The cash prizes awarded in April’s GVSU Business Plan Competition are nothing to sniff at, and there aren't any strings attached as to how the winners can spend the money. One of this spring's winners invested his prize in a small business start-up — and it wasn't even the type of business he was proposing in his winning plan. The second annual Business Plan Competition sponsored by the GVSU Center for Entrepreneurship offered cash prizes of $5,000, $3,500 and $2,000, plus in-kind awards that included free consultations with a variety of professional services normally required in a small business start-up. The competition is open to any GVSU undergrad, not just those working toward a degree in business. "We believe entrepreneurship comes from different areas, not just business. We'd like to have a variety of students participating in that competition," said Eima Mangat, manager of the Business Plan Competition and a senior marketing manager at the Center for Entrepreneurship within the GVSU Seidman College of Business.
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