Wednesday May 4, 2016

SBA Signs MOU with HATCH Startup NGO in Vietnam

By Terence Lau

The MOU allows HATCH to conduct an elevator pitch round for the SBA's Business Plan Competition in Fall 2016.  The competition, called "Flyer Pitch: A New Venture Creation Competition," is run annually and awards over $100,000 in cash prizes and an equal amount in in-kind prizes to fund entrepreneurial startups.  In 2016, the competition expanded to China with an elevator pitch round in the China Institute's Suzhou campus.  In 2017, the competition expands to Vietnam, where entrepereneurial activity is exploding as the country's information technology sector matures.  Winners from HATCH's Battle Junior (limited to high school and college students) will participate in a cameo round with students from China in 2017, and the winner from the cameo round will participate in UD's final round in Dayton in April 2017.  Expansion of the competition to emerging markets with strong entrepreneurial systems is driven by the Entrepreneurship program's mission to create capacity for business growth among young people around the world with ideas on how they want to solve problems faced by their societies.  UD's Entrepreneurship program is ranked #13 in the country by Princeton Review.

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