SOURCE: Cincom Systems

Cincom Systems

February 22, 2010 17:01 ET

Cincom Hosts the University of Cincinnati's Spirit of Enterprise MBA Business Plan Competition

Best and Brightest Wage Entrepreneurial Battle of Ideas for $20,000 in Cash Prizes

CINCINNATI, OH--(Marketwire - February 22, 2010) - Cincom Systems (http://www.cincom.com), one of the world's largest independent software companies, will host and sponsor the 2010 fifth annual University of Cincinnati (UC) Spirit of Enterprise MBA Business Plan Competition on Thursday, February 25 and Friday, February 26, 2010.

CRITICAL ISSUES

Health care access, creation of advanced medical devices and clean energy are some of the most critical issues facing the world. The teams competing in the Spirit of Enterprise competition have entrepreneurial ideas to help face and overcome these challenges.

SHOW ME THE MONEY

To win, teams must communicate their business plans in a powerful, persuasive way to an esteemed panel of bankers, venture capitalists and business leaders. The most innovative and commercially viable plans will be rewarded with cash prizes up to $20,000.

WHO IS COMPETING?

University of Oregon; University of Arkansas, Fayetteville; University of Michigan; University of Manitoba; University of Cincinnati; University of Illinois at Chicago; University of Louisville; Rice University; Kennesaw State University; Johns Hopkins University; Indiana University; Purdue University; Florida Atlantic University

HOW DOES IT WORK?

The winning teams are identified through a competition format consisting of three intense and challenging preliminary rounds -- very much like the NCAA Basketball Tournament. At the conclusion of the preliminary round, the top four teams will advance to the final round's single track, where they will again have 25 minutes to sell their venture -- this time to a new panel of judges.

CAN YOU THINK ON YOUR SEAT?

Those not chosen for the final championship round will move onto the consolation track: the Limo/Taxi Ride Competition. Mirroring a chance encounter with a potential angel investor, teams must try to sell their business plan's viability within 10 minutes on the road.

THE CINCOM "SPIRIT of ENTERPRISE" GRAND PRIZE

This year's competition is featuring cash prizes totaling $20,000, with first place being the Cincom Spirit of Enterprise Champion Prize and an automatic bid to the 2010 MOOT CORP® Competition. Other cash prizes will be allotted to the second and third place recipients of the Finalist Round, first place in the UC Taxi/Limo Competition, and the winner of the Best Technology Plan.

LEARN FROM REAL-WORLD ENTREPRENEURIAL SUCCESS STORIES

"Cincom Systems' World Headquarters is a great venue in which to compete. It gives students a chance to learn about global business from one of the all-time great entrepreneurial success stories in the software industry, CEO Tom Nies," said Dr. Charles Matthews, director of the UC Center for Entrepreneurship Education & Research (E-Center).

Aside from monetary awards, participants will receive valuable practice in competing against teams from top universities, as well as invaluable business-plan assessments and critiques from the panel of judges.

About the UC E-Center (http://www.ecenter.uc.edu/)

Founded in 1997 by Matthews, the E-Center's mission is to provide a state-of-the-art entrepreneurship curriculum and research base not only for potential student entrepreneurs and scholars, but also for people in the many organizations that interact with small, entrepreneurial and family-owned businesses. Success magazine has listed The University of Cincinnati as one of the top 50 programs for entrepreneurship in the U.S., and in 2008, The Princeton Review ranked UC the 21st best Undergraduate Entrepreneurship program in the country.

About Cincom (http://newsroom.cincom.com/about/)

For 41 years, Cincom has helped thousands of clients worldwide by solving complex business problems with its software and services.

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