Business Model Competition

Nov 07, 2024

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Event Overview

On Nov. 2, 2023, the Center for Innovation and Entrepreneurship at the University of Mississippi will host the “Servin’ the South” Business Model Competition that is open to every university student in the country. This in-person competition will take place at the Jackson Avenue Center.

Colleges and universities from around the mid-south are invited to have their best student teams to compete for the top prize of $10,000. Each team will have an opportunity to present their business model in front of a panel of diverse judges.

All student teams, anywhere in the country, who meet the eligibility requirements nationwide are invited to submit their application, Ole Miss has specifically invited 60 higher-education institutions in Mississippi, Arkansas, Tennessee, Louisiana, and Alabama.

Submission Process

UM Students

Step 1: Enter your 1 minute video presentation by Oct. 13, 2023.

Priority Deadline: The first 15 teams who enter the competition by Sept. 29, 2023 will receive $250 each, if they complete the preliminary round.

• Describe your idea. You (and one other teammate if appropriate) are the only things allowed in frames. Props, dressing up, gizmos are welcome but NO POWERPOINTS.
• Upload your video to YouTube (if you want to keep your video hidden mark it as “unlisted” NOT “private,” only someone logged into your account can watch your videos marked private).
• Submit your video link before the deadline.
• All UM students may enter the Landshark Tank Pitch with the same video for a chance of winning up to $1,000!

Step 2: You will submit your pitch deck by Oct. 31, 2023.

Non-UM Students

Step 1: Submit a 5 minute video presentation by Oct. 13, 2023.

• Describe the customer discovery and validation you have been through with your idea and business model. You may use PowerPoint, Keynote, Prezi or any other presentation software. The presentation needs to be narrated and saved as a video file.
• Upload your video to YouTube (if you want to keep your video hidden mark it as “unlisted” NOT “private,” only someone logged into your account can watch your videos marked private).
• Submit your video link before the deadline.

Step 2: You will be invited to submit your pitch deck by Oct. 31, 2023.

Competition Format

There will be two rounds of presentation.

Preliminary Round: You will be randomly assigned to a group of five or six teams and will present to a panel of judges at your scheduled time. You will pitch in person for 5 minutes and the judges will ask follow-up questions in the 5-min Q&A session.

Final Round: Six teams will advance to the final round, where the same pitch + Q&A process will be followed for the final judges to determine the winner. Winners will be announced on the day of the event.

Prizes and Travel Stipends

• The top prize winner will receive $10,000, which will be distributed either to their LLC or their university’s foundation. We will break this up into one immediate prize and another performance prize.  We will work with you to set some performance metrics – just to make sure you’re building your business.
• Second prize winner will receive $5,000, which will be distributed either to their LLC or their university’s foundation.
• All other four teams in the final round will receive $1,000 each in prize money distributed to their university’s foundation as a scholarship for the team.
• Special Prizes:
  • $2,500 – Best Visiting Team (If a visiting team wins the overall competition, the second highest marked visiting team will get this prize)
  • $4,000 – Best Technology Utilization/Development Prize (UM Teams only)
  • $4,000 – Best Consumer Facing Business Prize (UM Teams only)
• UM top student prize winners get an automatic slot as finalists for the Gillespie Business Plan Competition in the spring. UM students can contact the Center’s mentor network for individualized help and coaching.
• Travel stipends for regional schools are available to apply. One per school. First come. First served.

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