UW Bothell Business Plan Competition Partnering with the Founder Institute

April 18, 2011
CONTACT: Richard Penny, (425) 352-3395,  pennyr2@uw.edu

BOTHELL, Wash. – The Business Development Center at the University of Washington Bothell has developed a partnership with the Founder Institute, an organization created to help entrepreneurs launch technology companies. The goal of the partnership is to enhance entrepreneurship and business development in the Puget Sound through initiatives such as the first annual UW Bothell Business Plan Competition, to be held May 6.

Twenty-eight student teams have submitted comprehensive business plans in hopes of capturing $20,000 in cash and prizes, including a membership to the Founder Institute fall semester. The competition’s final rounds provide competing teams the opportunity to present their plans to a panel of Seattle-area CEOs serving as judges.
“The inaugural business plan competition highlights our core mission, which is to build the economy by developing businesses and talented entrepreneurs,” says Barry Weisband, director of the Business Development Center. “We are delighted with the Puget Sound business community’s generous support of the competition and by our partnership with the Founder Institute.”

Key supporters of the competition include the Herbert B. Jones Foundation, Banner Bank, AXA Financial, Microsoft, Perkins Coie, Palo Alto Software and the Washington Biotechnology and Biomedical Association.

“Business plan competitors need to know that starting a company is an arduous and expensive journey, and that technology entrepreneurship is a constantly evolving discipline.  Early mistakes can be deadly,” according to Dave Parker, Founder Institute Seattle director. “The Founder Institute aims to improve the rate of startup success by providing high-potential entrepreneurs with expert mentorship, critical objective feedback and peer support.”

The public is invited to attend the competition’s final round on May 6. The event will be held in Mobius Hall on the UW Bothell campus beginning at 4:00 p.m. To learn more visit www.uwb.edu/bdc.

About UW Bothell: The University of Washington Bothell combines the benefits of a small campus with the resources and prestige of a world-renowned university. Offering over 30 degrees, options, certificates and concentrations, its curriculum emphasizes close student-faculty interaction, collaboration among students, and hands-on learning.For more information, visit www.uwb.edu.

About UW Bothell’s Business Development Center: The University of Washington Bothell’s Business Development Center (BDC) was launched in 2005 with the energy and support of a group of founding partners. To learn more about UW Bothell’s BDC, visit www.uwb.edu/bdc.

About the Founder Institute: The Founder Institute is a 16 week incubator program that is taught by local Seattle Founders and CEOs. The Founder Institute's goal is to globalize Silicon Valley by launching 1,000 meaningful and enduring technology companies per year in 30 cities worldwide. It was founded in 2009 by serial entrepreneur, Adeo Ressi, and to this day is still operated out of a small garage in the heart of Silicon Valley. www.founderinstitute.com.