Welcome to UMaine Business Challenge
News and Updates
The UMaine Business Challenge (UBC) has announced it’s finalists for the 2016 competition. Check out a great write up by the MaineBiz here!
A huge shout out goes to Opticliff Law! For the 2016 UMaine Business Challenge we are happy to partner with yet another great Maine based company. Opticliff Law has agreed to donate 10 hours of legal work to a UBC participant. To find out more about Opticliff Law check them out here: www.opticliff.com. Thanks again to Opticliff Law!
UBC Update: Take a look at the updated UMaine Business Challenge important dates with the flyer below! For more information send an email to firstname.lastname@example.org.
Official 2016 UBC Flyer
Here’s a look at this year’s UBC flyer! Contact us through the information below if interested or if you have any questions!
Expansion to the Technology Prize is Announced
Read about this years competition and an expansion to the Technology Prize thanks to the Fournier Family Foundation in the MaineBiz Here.
Thanks to Nicholas LaJoie and Spud-Nic Studios for the creation of this video for the UMaine Business Challenge. Check it out by clicking the link here!
Announcing our Finalists
You can find the finalists for the UMaine Business Challenge here.
Maine Technology on the UMaine Business Chanllenge
UMaine Business Challenge in the News
Intent to Participate
Although we have recently entered our Executive Summary stage, we are still accepting your intents to participate. You can express your interest by emailing us at email@example.com
Intent to Participate Date Extended
Just a quick update: the end date for the “Intent to Participate” stage has been pushed back to February 1. This change will push the “Executive Summary” start date to February 2. We hope to hear from you!
UBC to Offer Technology Prize
The UBC is proud to announce a new partnership, and prize for the 2015 UBC. In cooperation with the Fournier Family Foundation, the UMaine Business Challenge will award a technology prize starting with the 2015 competition. The award will be $5,000 with the winner decided by our panel of judges based on the finalist that best fits into a technology category.
2014 UMaine Business Challenge Winners John and Christine Carney – Thick and Thin Designs
Congratulations to 2nd place winners of $1,000, Juliette and Ronald Cohen with Above and Beyond Scheduling.
2014 UBC Finalists Announced
The Umaine Business Challenge is moving forward with the following competitors! Stay tuned for updates on the contestants as we inch closer to the awards ceremony. Regina Smith – Beehive Monitoring John and Christine Carney – Thick and Thin Designs Juliette and Ronald Cohen – Above and Beyond Scheduling Ryan Nicols – R&N Firewood Matt Cartmell – Mauled Apparel
UBC Continues to Reach Out
Click the link below to listen in to the audio from James Morin and last years winner Tom Myers appearance on the Ray Richardson Show!
UMaine and USM Collaborate to Innovate
James, Owen, and Greg Cavanaugh went to Mind Your Own Business Radio to discuss collaboration between UMaine and the USM to strengthen the UMaine Business Challenge. For more information please visit Campus Ventures Program website.
UBC to Offer Technology Prize
The UMaine Business Challenge is proud to announce that we will be partnering with the Maine Technology Institute, Blackstone Accelerators Growth, and the USM Campus Venture program to offer a technology prize for this year’s competition. The prize will consist of a two-hour coaching sessions, a $3500.00 prize, and assistance from MTI’s appropriate network members. More information can be found at the following here. The UMaine Business Challenge has enjoyed a prosperous second year in our quest to turn collegiate entrepreneur’s dreams into a reality, while simultaneously striving to impact the economy of the State of Maine. We are privileged to have support from many arenas in the state and wanted to give our due thanks by directing you to our sponsors and supporters section of our website.
Entrepreneurs Are Problem Solvers
The UBC recently introduced the four finalists who will be competing during our 2013 Business Plan Competition at University of Maine (scroll below to read the announcement). It gave them an opportunity to tell us what it meant for them to win the competition; as well as what motivated them as aspiring Maine entrepreneurs.
We decided to kick things up a notch this year and allow the finalists to tell us a little bit about the business ideas they’ll be pitching on the 20th of April. Enjoy!
Over the next few years ABC Firewood will be undergoing a transformation from a small startup into Southern Maine’s leading supplier of high quality, affordable firewood. We will be accomplishing this by leveraging the high output capabilities of our custom made, proprietary processing equipment. This will ensure that our clients are receiving the highest quality wood for the absolute best possible prices. In addition to this, we will also be implementing a charitable program where a percentage of proceeds will go towards helping to heat the less fortunate.
Bonneau & Son Excavation
Body Guard Fitness
It’s That Time of The Year Again!
The UMaine Business Challenge Executive team is glad to announce the finalists for the 2013 competition! One of our milestones had been to open doors to all the schools under University of Maine system. Much to our delight, multiple candidates from SMCC and USM submitted their ideas; making the screening process tougher than we anticipated. We finally decided that the following ideas should compete on April 21st for the $5,000 cash prize and $10,000 in consulting services.
In our very first video, cofounders Owen McCarthy and James Morin go over what inspired us to start this business plan competition, what the aspiring student entrepreneurs can do to compete in 2013 and what’s at stake! http://youtu.be/LsdwJO5sQcE As you may have heard by now, the UMaine Business Challenge has decided to expand the business plan competition to include entire UMaine System. It is true! You can read more on that on Bangor Daily News and MaineBiz
UBC executive James Morin and 2012 competition runner up Shannon Byers recently appeared on The Ray Richardson Show on Newstalk WLOB radio and WPME TV.
Click the player below to enjoy the excerpt!
After a successful inaugural year, the UBC is currently working hard to make the second year even bigger! We will soon be announcing details regarding the 2013 competition.
You can always help us make the competition sustainable, and reach our long-term goals by making a contribution.
While you’re here, also check out the pictures from April 21, 2012 competition by clicking on the image below. – UBC Team Lauren Abbate from The Maine Campus writes, “Brothers win UM business challenge, $5,000 prize”. Read the article
A must read for any entrepreneurs looking to compete. New entrepreneurs find ways to earn respect and find success despite their ages
The UBC Executive team supports organizations like Blackstone. The team appreciates anyone that shares in our mission; the mission to support entrepreneurial growth and business development in Maine. http://youtu.be/wHbWcvSd5s8 Want to find out more about them? Go to their website
You have to SEARCH for positive news like this. It’s important to realize that there ARE positive difference makers out there and The Bank of Maine is one of them. $600MM! Awesome. Just Awesome. The Bank of Maine exceeds $600M financing goal
Check out the latest project by UBC 2012 winners on vimeo! Everyone is pulling for you. UMaine, The State of Maine UMaine Alumni, the UBC.. everyone!
The UBC recently interviewed the 2012 competition finalists. Here’s your chance to get to know them! (Click on the links below) Tory Stark – BIO REMEDIATION Shannon Byers – BEST IN SHOW PAWS Nate Wildes and James Beaupre – STILLWATER POSTER COMPANY, LLC Luke Thomas and Jacob Thomas – AERIALFLY
January 31, 2012 UMaine Business Challenge has recently been added to the website http://www.bizplancompetitions.com. Launched by JFH Innovative LLC, Pittsford, NY, the aim of their website is to keep “tabs on the most promising, legitimate entrepreneurship contests and business plan competitions occurring anywhere in the United States”. Click here to go to our page
January 29, 2012 We have added a new web page, ‘Maine Success Stories’, to acknowledge some of the successful Maine businesses that can be a great source of encouragement and inspiration for our student entrepreneurs. Find out more
January 7, 2012
The UBC founders Owen McCarthy, Matthew Ciampa, and James Morin, and the competition’s adviser Professor Jason Harkins recently appeared on the front-page of MBS Connects newsletter, discussing their views on the competition.
December 8, 2011
UMaine Today writes, “Three alums focus on encouraging student entrepreneurs and small businesses.”
September 21, 2011
“This January, the Maine Business School and the Foster Center for Student Innovation will join forces to assist the Maine Business Challenge, the brainchild of three recent University of Maine graduates.” Lauren Reeves, The Maine Campus.
September 15th, 2011
Anthony Takacs, a special correspondent to the Bangor Daily News writes “UMaine alumni organize business competition for student entrepreneurs”
September 14th, 2011
UMaine announces business plan competition!