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What is the Cangialosi Business Innovation Competition (CBIC)?

CBIC is an opportunity for UMBC graduate and undergraduate students who aspire to fulfill entrepreneurial pursuits. Participants will experience the process of planning a startup business by submitting a competitive and realistic 3-5 page business plan and qualifiers will present their idea in a final competition.

NOTE: The CBIC requires that technology (mobile, web, etc.), be a focus of your startup idea.

Who should participate?

Any UMBC student (full or part time, graduate or undergraduate) with a dream of launching his or her own business and who plans on actively pursuing that dream.

Why participate?

The CBIC is a next level competition designed to give aspiring entrepreneurs a real-life opportunity to experience every aspect of launch a startup. The competition will pair you with business mentors from the community and will give you practice presenting your idea to a panel of experts. It will also provide “real world” experience and helpful feedback. In addition to mentorship from real world experts, the program is also designed to connect students to the local entrepreneurial ecosystem.

Winners also get seed funding for their businesses, and support from our sponsors including:

·         Free legal services

·         Accounting advice

·         Membership at the award winning Betamore campus in Federal Hill

·         Fundraising advice & pitch practice w/ members of the Baltimore Angels

Prizes:

First Prize= $5,000

Second Prize = $2,000

Third Prize = $1,000

What is the Cangialosi Business Innovation Competition (CBIC)?

CBIC is an opportunity for UMBC graduate and undergraduate students who