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$100 Startup Challenge

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

Students apply through a simple application form, answering questions about their team and business idea. 3 Teams will then be selected to participate each month. These teams will be given $100 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 during the academic year 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?

E-Week Finals*, Cash Prizes

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

Apply Now

Event Schedule

    
Date Event Time/Location Description
February 1, 2021 Aggie Pitch $100 Start-up 5:00 pm, Huntsman Hall 222 Pitchers are given 90 seconds, Questions and Answer period based on time constraints, and no slide shows—to pitch in front of judges. Winners announced immediately after.
February 22, 2021 Aggie Pitch $100 Start-up 5:00 pm, Huntsman Hall 222 Follow up on previous winnners. Pitchers are given 90 seconds, Questions and Answer period based on time constraints, and no slide shows—to pitch in front of judges. Winners announced immediately after.

March 15, 2021

Aggie Pitch $100 Start-up 5:00 pm, Huntsman Hall 222 Follow up on previous winnners. Pitchers are given 90 seconds, Questions and Answer period based on time constraints, and no slide shows—to pitch in front of judges. Winners announced immediately after.
April 2021 Start-up Farmers Market 10am — 2pm, Old Main Quad All participants throughout the year are eligible to participate in the Start-up Farmers Market (COVID pending) to sell to the campus and have a final day to compete for $3,000 in prizes!
  • Team must be led by a current USU student.
  • No two teams can combine their $100 gift cards.
  • The business must have generated less than $7,500 in total sales.
  • The all participating businesses (whether awared $100 or not) may compete in the final event at the Start-up Farmers Market on 6 April 2020 from 10am to 2pm. The business must be able to sell its product at and attend that event.
  • Students will be evaluated on team unity, networks/resources used, impact/customers reached, and sales/revenue.
  • 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 during initial (3-4 week) building period.
  • Teams can spend personal money, but the $100 gift card must be spent first.
  • At least one team member must attend Entrepreneurship Club in the appropriate meeting (noted on the calender) to report on their growth after receiving the $100 gift card.
  • Active (initial [3-4 week] building period) students' teams must complete weekly checkpoint check-ins each week with a peer or staff mentor between 9am and 5pm at the Center for Entrepreneurship.
  • If you plan on selling food, at least one team member must have a food handler's permit and appropriate certification and that member must be present during the selling event.

*Selected after final event at the Start-up Farmers Market on 6 April 2020 from 10am to 2pm. The winning businesses must be able to sell its product at and attend that event.