Touted as the “World’s Richest and Largest Business Plan Competition,” the Rice University Business Plan Competition is slated for this weekend (April 14-16th). And Klymit CEO Nate Alder has been chosen again to judge of the competition.
This is a serious, big time competition. Why? Because 100+ past competitors have gone on to launch their business plans into action and are still in business. With over $1 million in prizes, the competition will draw 42 teams from graduate programs all over the world. Teams compete in a simulated real-world process as entrepreneurs soliciting funding from investors and venture capital firms.
Klymit, an innovator in outdoor technology, is no stranger to this competition. Alder and his team’s business plan earned 2nd place at this event in 2008. Klymit then moved on to the international competition to win more than $20,000 in startup cash.