Student teams don’t make it to the CSULB Innovation Challenge finals alone. To get through the contest, they’re matched with mentors who help them think through ideas and submit their all-important business plans.
A joint project of the colleges of Engineering, Business Administration, and the Arts, the Innovation Challenge rewards winning teams with $10,000 in cash and $40,000 in financial, marketing, legal, and other services. The Innovation Challenge is designed to inspire entrepreneurship and produce one commercialization success each year.
Students who participate receive instruction on developing a business plan and help in finding fellow team members. But it’s the advice from mentors that’s most valuable. Continue reading “Mentors Are Key in Helping Student Entrepreneurs Succeed”