Business Plan Competition
SAEF believes if small and medium-size business sector is to grow, we must foster a new generation of creative entrepreneurs.
Mindful of this responsibility, SAEF hosted for the fifth consecutive year its “Business Plan Competition” for Slovak university students.
The mission of the competition is to:
- provide an integrative, real world learning experience for the participating students
- help educate students in the process of creating and evaluating a new business venture
- encourage students to consider the risks and rewards associated with entrepreneurship in their professional careers and
- reward superior performance.
Participation in this competition entails the development of a detailed business plan for either start-up of a new enterprise or expansion of an existing company.
SAEF’s jury of distinguished business and academic leaders focuses on effective usage of capital, financial strategy and adequate return on investment. Creativity and the viability of the chosen strategy also are important criteria.
2004 Annual Business Plan Competition
Over one hundred students from ten Slovak universities participated in this year’s competition, with total 46 projects submitted. Winners of three categories were announced – “Winning team”, which received a prize of SKK 300,000 and “Most original idea” and “Most realistic project”, each with a reward of SKK 100,000.
Winners of the 5th annual Business Plan Competition were announced at a banquet, where U. S. Ambassador to Slovakia, Hon. Ronald Weiser, was the featured speaker.
