Funding brief: The Milken-Penn GSE Education Business Plan Competition (EBPC) is open to applicants worldwide and offers a tremendous opportunity to entrepreneurs and investors alike. The Competition includes a path for Ventures (opening January 2018), as well as a path for Ideas. In offering multiple prizes and prize categories, the EBPC attracts innovative ideas in education from around the world, ranging from those structured on local or global needs, public or private issues, Pre-K through adult education, and social or for-profit ventures.
● Urban Education
● Connecting Research to Practice
● Teaching & Learning
● Technology in Grades K through 12
● Special Education & At-Risk Students
● Open & Collaborative Solutions: The Education Ecosystem
● Online & Distance Learning in Higher Education
● Global/Borderless Education Solutions
● Early Childhood Education
● Workforce Learning
Two Tracks: Ventures and Ideas
● As of the 2017 Competition, the Venture and Idea paths of the Milken-Penn GSE Education Business Plan Competition will run in series rather than concurrently. If your innovation is further along in its development, the Venture path opens for submissions in early January 2018. Applicants in the Venture path are generally expected to already have or plan to generate revenue, grants, customers, or investors.
● The Idea Path, aimed at entrepreneurs in the early stages of ideation or product/service development, recently held its IdeaFest competition finals in conjunction with the Reimagine Education Awards & Conference in December 2017. Applicants in the Idea path are expected to be pre-revenue and pre-investment. Please note: even if your idea is in the early stages of development, if you plan to generate revenue, grants, customers, or investments, you are still eligible to apply to the Venture Path!
Educational entrepreneurship business plans should outline the problem they address, offer a solution, and discuss scaling possibilities for bringing the proposed innovation to additional settings. Broadly construed, educational entrepreneurship initiatives can address a wide range of educational issues. This competition encourages applications in every conceivable educational setting – from early childhood through corporate/adult training, in settings and contexts anywhere in the world. They also welcome both nonprofit and for-profit submissions. In terms of focus, they invite submissions that address issues of curriculum, instruction, educator professional development, assessment and evaluation, collaborations, learning design, technological innovations, learning/school support tools, and more. In evaluating business plan submissions, our judges will consider the importance of the educational problem, the creativity and feasibility of the proposed solution, and the potential for widespread impact.
Below are the competition rules (“Rules”) governing The Milken-Penn Graduate School of Education Prize for Business Plans in Education (the “Competition”). These Rules may be amended at any time. The then-current Rules will be posted at this web page, so you should check back frequently; the public and Applicants will not be notified individually when the Rules are amended
Donor Name: Milken Family Foundation and Penn Graduate School of Education (GSE)
Funding name: The Milken-Penn GSE Education Business Plan Competition (EBPC)
Deadline: 13th, February, 2018
Funding details link: https://www.educationcompetition.org/competition
● Milken Family Foundation Grand Prize: $40,000
● American Public University System Prize: $20,000
● ChanceLight Behavioral Health & Education Prize: $20,000
● Venture Path Prize: $20,000
● Each Venture Path Finalist will also receive a $1,000 Prize.
Special Notes: Please contact with the donor directly for further clarification and understanding.
Project start date: : N/A
Project duration: N/A
Eligible organization: As below
Eligibility: Any individual is eligible to enter the Competition by submitting an Entry (defined below), except the following individuals are not eligible:
● Anyone who is under 18 years old;
● Any Competition judge;
● Anyone who previously was awarded a prize in this Competition. (However, if a previous winner wants to enter a new educational entrepreneurship business plan, which the University determines, in its sole opinion and determination, is unrelated to the previous winning educational entrepreneurship business plan, then the previous winning Applicant may do so, subject to his or her or its compliance with all of the other eligibility requirements.);
● Anyone for whom it would be illegal to enter this Competition in his or her legal jurisdiction of residence;
● Any Graduate School of Education faculty, lecturer, administrator, staff, or other employee. (Note: Faculty, lecturers, administrators, staff, employees, and students from the University of Pennsylvania and its schools, centers and institutes, other than the Graduate School of Education, may enter the Competition, provided that he or she has first disclosed his or her product or service or technology or concept or intellectual property to the University’s Penn Center for Innovation or its successor (“Penn PCI”), using the disclosure form required by Penn PCI, in order for Penn PCI to determine whether the University has an ownership interest in such product or service or technology or concept or intellectual property by virtue of its intellectual property and employment policies.
● A group of individuals also may enter the Competition, so long as all of the individuals meet the requirements above for a single individual to enter. In other words, if one member of the group is ineligible to enter, the group is not eligible to enter. A corporation, partnership, or other legal entity, whether for-profit or not-for-profit, also is eligible to enter, provided it is legal for the entity to enter under applicable law. However, organizations entering the competition may not have raised more than the equivalent of US$500,000 from all investors and founders since the beginning of the legal existence of the organization until the date the organization submits its Executive Summary and Application Form. Additionally, organizations entering the competition may not have had more than the equivalent of US$200,000 in gross revenue since the beginning of the legal existence of the organization until the date the organization submits its executive summary. Organizations that have raised more than this threshold, as determined in the sole opinion of the University, will be disqualified. Furthermore, organizations entering the Idea path of the Competition are expected to be pre-revenue and pre-investment. Each Applicant is responsible for determining whether he, she or it is eligible to enter the Competition, based upon these Rules and the laws governing the applicant. The University of Pennsylvania (“University”) will not make this determination for you. However, if the University determines, in good faith, at some future time, that the Applicant was ineligible to enter the Competition or submit the Entry, the University may disqualify the Entry at any time, before or after the awarding of the prizes.
Eligible Country: No country bar found (Open to all regions)
Submission mail: Not found
Other important link:
● Apply: https://innovation.educationcompetition.org/venture-application
● Guideline: https://www.educationcompetition.org/sites/default/files/2018%20EBPC%20Venture%20Path%20Business%20Plan%20Guidelines.pdf
● About: https://www.educationcompetition.org/about
How to apply: Interested applicant may apply through the website (https://innovation.educationcompetition.org/venture-application).
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