Crain’s Chicago Business reports that New Venture Challenge, the annual business-plan contest at the University of Chicago’s Booth School, is growing in popularity. Run by esteemed entrepreneurship and finance professor Steve Kaplan, the New Venture Challenge received 89 applications from Booth MBA students last year. This year applications have popped to a record 119.
Booth may be famous as a finance school, but the success of Booth-spawned new ventures like GrubHub Inc., FeeFighters and Power2Switch has raised the school’s profile among would-be entrepreneurs. According to Crain’s, “Last year, Booth-related startups raised a record $85 million in venture funding.”
Source: “New Venture Challenge sees surge of applicants,” Crain’s Chicago Business by John Pletz, March 2, 2012.
This article was originally published on Paul Bodine’s blog. Paul is a graduate admissions consultant with over 13 years of experience, having helped hundreds of applicants get into their dream business, law, medical, and graduate schools. He has also published several books on graduate admissions.