UNIVERSITY NEWS - FEBRUARY 2004

MEDIA CONTACT: Robert Keltie
561-297-3177, rkeltie@fau.edu

FAU's College of Business To Host
2004 Business Plan Competition

BOCA RATON, FL (February 2, 2004) - The Adams Center for IT Entrepreneurship and Venture Capital in FAU's College of Business, in conjunction with The Stiles-Nicholson Foundation, will hold a business plan competition during the spring 2004 term open to all FAU students, faculty, staff and alumni, as well as community members. To participate in the project, at least one currently-enrolled FAU student must have a significant ownership percentage of the participating company.

When participants begin the project, a mentor from the private business sector will be available to assist the team for the duration of the project. The Adams Center staff will also help the individual teams with legal, business, journalistic and other questions and problems. The winning business plan will receive up to $10,000 toward the venture. Plans will be reviewed and judged by a panel of seasoned entrepreneurs and venture capitalists.

Applications and information can be obtained by emailing Bob Keltie at entrecenter@fau.edu. Applications should be returned to the office of Dr. Larry Klatt, Business East 164, via mail or hand delivery as soon as possible. The final date for submission of the business plan to enter the competition is March 22.

"Blending the support of the Stiles-Nicholson Foundation with the leadership of College of Business faculty will provide a terrific learning experience for FAU students, while also laying the groundwork for new entrepreneurships in the South Florida area," said Dr. Bruce Mallen, dean of FAU's College of Business. "We appreciate the support of the Stiles-Nicholson Foundation in our efforts to improve the business acumen of our students."

The Stiles-Nicholson Foundation's primary mission is "to enhance the nation's understanding and appreciation of the benefits of the free enterprise system via local and national educational initiatives." The Foundation also actively supports the community in the cities of Jupiter and Palm Beach.

For more information, contact The Adams Center at 561-297-3177 or email entrecenter@fau.edu.
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