There are many beneficial aspects of the competition. Students are encouraged to participate in the events and programs sponsored by the competition. The competition allows students to fine tune their ideas and develop an outstanding business plan. The competition also introduces the competitors to other established entrepreneurs and seasoned professionals. Competitors are encouraged to present their completed business plans to representatives of the entrepreneurial and venture capital communities. Ricardo Warfield sees the competition as a way to gain applicable experience in launching a technology based venture.
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The competition is a great venue to get acquainted with the steps involved in starting a business according to Ricardo Warfield. The competition has been held yearly since 2001 and is always a great experience for participants. Georgia Tech is a leader in finding innovative ways to provide students with real life skills and knowledge. Ricardo Warfield notes that the competition distributes awards in many areas. Awards are given to the student or team that has the Best Business Model, the Best Product Showcase, the Best Elevator Pitch, the Most Innovative Technology, and the Best Investor Pitch. The competition offers many areas to highlight your strengths. The competition is also a great learning tool according to Ricardo Warfield.
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Ricardo Warfield is presenting a technology based business plan that focuses on using social networking to help people reach their goals. Ricardo Warfield envisions an online media sight that will help people establish and achieve goals related to their personal and professional lives. The online resource will group members together who have similar goals. These networks will then be able to serve as online support systems with the purpose of goal realization for the members. Ricardo Warfield is excited about his concept and the competition.
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