Purdue Startups Win Cash at Business Model Competition

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Global Sign won the $15,000 first prize in the social entrepreneurship category and $5,000 for social innovation. Photo courtesy Purdue Research Foundation Global Sign won the $15,000 first prize in the social entrepreneurship category and $5,000 for social innovation. Photo courtesy Purdue Research Foundation
WEST LAFAYETTE -

Eight Purdue University student startups earned more than $100,000 in cash and in-kind donations during the 32nd annual Burton D. Morgan Business Model Competition on February 22. The competition's categories ranged from business-to-business to social entrepreneurship and promoted student entrepreneurship through five months of business model workshops.

“We encourage the student entrepreneurs to go out and talk to customers,” said Arnold Chen, managing director of the Burton D. Morgan Center for Entrepreneurship in a news release. “It is the best way to find out if there is a demand for a new business and introduces students to new approaches they will use in the future.”

The competition also included workshops, seminars and training provided for participants by different organizations across Purdue University, including the Purdue Foundry entrepreneurship and commercialization accelerator and the Krannert School of Management, which sponsored the event along with the Burton D. Morgan Foundation.

For more information on the competition, click here.

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