Brigham Young University has won the 2012 California Dreamin’ Business Plan Competition. Hosted by Chapman University in Orange County on Saturday, April 28th, 17 universities sent their best entrepreneurs to compete in the inaugural California Dreamin’ business plan competition. With ideas ranging from an inexpensive unmanned aerial vehicle to a PDF scrapping service for collision repair shops, these teams presented their business plan to panels of judges in hopes of winning $100,000 in cash prizes.
Created by Richard Sudek, the director of the Leatherby Center at Chapman University, California Dreamin’ invites universities from the West Coast to present their best business plans. Universities have long had their own school-wide business plan competitions, but California Dreamin’ is a unique intercollegiate competition that pits the best against the best.
Five teams advanced to the second round. In order of their placement:
1st Place: Brigham Young University – AutoBid
2nd Place: U.C. Berkeley (tie) – Traverie
2nd Place: University of Houston (tie) – UNlimiters
Finalist: University of Oklahoma – NanoMed
Finalist: University of Utah – Badger Mobile Authentication Software
The teams enjoyed everything Orange County and Chapman University had to offer. While Chapman’s own SweetTreats didn’t make it to the final round, all of the participating teams were able to improve their business plans because of the invaluable feedback from the judges.
For a detailed description of each team’s business plans, click here.