Startups are an important vehicle for U.S. economic growth, accounting for half of all new jobs created. At CSULB, students have a unique opportunity to gain real-world experience in starting a business through the Innovation Challenge, an annual contest that provides the winning entrepreneurial team with $50,000 in cash and services to get started.
Now in its seventh year, the Innovation Challenge is supported by the CSULB Colleges of the Arts, Business Administration, and Engineering, along with industry leaders with varied high-level business experience. The contest is open to all students. Continue reading “Innovation Challenge Kicks Off 7th Season”
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.
ABC has “Shark Tank.” Google has Angelpad. And Cal State Long Beach has the Innovation Challenge.
The annual entrepreneurial event, where student teams compete to win $50,000 in funding and services for the best business idea, was started six years ago by the colleges of Engineering, Business, and the Arts.