Issue No. 12 - August/September 2003
The Adelaide University Entrepreneurs’ Challenge is a joint initiative between Adelaide University and Hewlett—Packard Australia Limited, which aims to foster the successful development of new ideas into investment—ready early—stage companies. It is a business planning competition based on the Massachusetts Institute of Technology’s ‘MIT $50K competition, which has been responsible for the start up of companies collectively valued at around US$15 billion.
The EChallenge aims to stimulate innovation and entrepreneurship and create genuine commercial prospects for the benefit of South Australia. The competition also educates entrants about the process of getting a viable business off the ground. And with over $50,000 in prizes, it is certainly more than an exercise in writing a good business plan.
Now into its third year, EChallenge not only has the support of major sponsor Hewlett Packard and the university’s graduate school of business, it has...