Burton D. Morgan Competition Kicks Off

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(Image courtesy of Purdue University) (Image courtesy of Purdue University)
WEST LAFAYETTE -

The preliminary stage of the 31st Burton D. Morgan Business Model Competition at Purdue University will begin Wednesday in West Lafayette. The student competition features prizes of up to $100,000. The school says half of the finalists have started their own businesses.

The competition will be held at the Honors College Great Hall at the Honors College and Residences on-campus. Managing Director Arnold Chen says "for 30 years, this competition has been putting our innovators on the fast track to the successful commercialization of technology and the development of a successful business. This year, we cover another vital step in that process: developing and refining a business model."

The three categories involved in this year's competition are: open/big idea, for concepts with large market, monetary and geographic footprints; social innovation, for concepts that address socioeconomic needs and challenges; and small business, for concepts that touch smaller geographic regions.

Finals are scheduled for February 22 and 23. You can connect to more on the competition by clicking here.

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      Indiana is ranked the #10 Best Place to Do Business, #4 for Quality of Life, #1 for Regulatory Environment and #2 for Software Job Growth. Indianapolis is ranked #3 for Tech Jobs for Women. We have four of the top 25 Best Places to live in America, with my hometown of Fishers topping the list. Yet, in spite of these amazing rankings, we have some serious challenges to overcome within our economic development ecosystem, not the least of which is skilling up a workforce to meet demand.

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