Professor Charles Reed, Jr. and other faculty have entrepreneurial backgrounds and participated in programs in teaching entrepreneurship at the Harvard Business School and the Price Babson Institute for Entrepreneurship. Mr. Barkas has also participated. The visits focus on the experiences of each speaker and are followed by an informal dinner with students. Participants receive guidance in developing plans and benefit from exposure to investment professionals. The winning team receives a cash prize.
Teams initially submit an executive summary of their business concept and profit model.
Up to 10 'semi-finalists' are then invited to develop business plans. Three teams are selected as 'finalists' and make presentations to venture capitalists. The School is excited by the prospect of building on this experience in future years.