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$100 Startup Challenge

The $100 Startup Competition is an opportunity for students to experience entrepreneurship through a three-week competition to build, grow, and validate a business opportunity starting with one hundred dollars.

Students apply through a simple survey answering questions about their team and business idea. 20 Teams will then be selected to participate. These teams will be given $100 VISA gift cards and 3 weeks to build a business that generates revenue. Teams are evaluated on team unity, networks/resources used, impact/customers reached, and sales.

The Center for Entrepreneurship hosts this competition to give a hands on approach to experience entrepreneurship and gain valuable insight.  It is our hope students will stretch their current abilities, resources, knowledge, and connections to build a business model.  We will then invest significantly in helping these students take their business model to the next level.  What will you build with $100?

Cash Prizes

  • 1st Place: $1,500
  • 2nd Place: $1,000
  • 3rd Place: $500

Apply Now

Event Schedule

Date Event Time/Location Description
October 2, 2018                                                                         Kickoff 6:00 pm, Huntsman Hall 320 Enjoy free food, hangout with friends, and learn the ins and outs of the $100 Startup Challenge.
October 13, 2018                                                                                                                            Application Due                                                                                                    11:59 pm                                                                                                                                                                                Apply to receive one of twenty $100 gift cards. Submit your business idea (or current business) through an online form. Only one student on the team must be a current USU student (enrolled in 9 credits or more). All majors welcome!
October 16, 2018 Top 20 Teams Announced   The top twenty teams are announce at E club and receive their $100 gift card. Now is the time to get to work!
November 6, 2018 Start-up Farmers Market 10:00 am - 2:00 pm, Huntsman Hall                       After 3 weeks to build their businesses, students are evaluated on team unity, networks/resources used, impact/customers reached, and sales/revenue.
November 8, 2018 Top 5 Teams Announced 11:59 pm The top five teams are announced electronically and prepare to pitch to a live panel of judges.
November 13, 2018 Final Pitches and $3,000 Awarded 6:00 pm, Huntsman Hall 320 Finalists pitch their businesses to a live audience and judges select prize recipients that night during E Club! You wont want to miss it.

Competition Rules

  • Team must be led by a current USU student.
  • No two teams can combine their $100 VISA cards.
  • The business must have generated less than $7,500 in total sales.
  • The competition finish is at the Start-up Farmers Market on 11-6-2018 from 10am to 2pm. The business must be able to sell its product at and attend that event.
  • Money may be spent as the entrepreneurs deem necessary to grow and establish their business opportunity.
  • Money must be used toward the competition only – violators will be disqualified.
  • If disqualified, the full $100 must be returned.
  • Teams must track and turn in ALL receipts.
  • Teams can spend personal money, but the $100 VISA gift card must be spent first.
  • At least one team member, must attend orientation on October 16th, 2018 at 6pm in Huntsman Hall 320.
  • Students' teams must complete weekly checkpoint check-ins each Saturday by 11:59pm local time.
  • If you plan on selling food, at least one team member must have a food handler's permit and that member must be present during the selling event.