The Center for Entrepreneurship, within the College of Business Administration at Belmont University, hosted its first Entrepreneurship Challenge on June 5, an event planned to become an annual tradition. Nineteen high-school students from around middle Tennessee came to Belmont to learn more about what it takes to be an entrepreneur.
Dr. Robert Lambert, professor of marketing and faculty coordinator for marketing and entrepreneurship, gave the opening lecture which focused on opportunity assessment, researching markets and discovering yourself as an entrepreneur. Students were put into groups and prompted with the Entrepreneurship Challenge – to create a company that takes advantage of social media. Teams were given one hour to research, after which they presented their ideas in front of the entire group.
A panel of judges rated students’ presentations on the following criteria: description of the business concept, innovation and creativity, fiscal responsibility, presentation ability, and quality of research. First went to an online shopping center, offering a feature that enabled users to view friends’ closets, called Youtopia.
Belmont’s entrepreneurship program has been named as one of the Top 25 Undergraduate Entrepreneurship Programs in the country by Entrepreneur magazine and the Princeton Review, and as a National Model Undergraduate Program by the United States Association for Small Business and Entrepreneurship (USASBE).