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The competition is open to all currently enrolled full- and part-time, for-credit, undergraduate and graduate UMKC students. Only students may present the plan to judges during the competition on campus, and the concept/venture must demonstrate student management and ownership.

Individuals may submit a concept, however entrepreneurship teams are encouraged. Teams should not exceed 5 people. Successful entrepreneurs surround themselves with talented people when running a successful business. Students are encouraged to find a partner to help them develop their idea and to round out their management team.