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The Dempsey Startup Competition provides a real-world experience for student entrepreneurs, promoting student ideas and new venture creation to the entrepreneurial community.
Participating in the Dempsey Startup gives students practice in the dynamics of venture creation by developing an idea, putting together a founding team, writing a business plan, and presenting to investors.
Teams entering must have at least one full-time or part-time student on the team who is enrolled in a degree-seeking program at an accredited college or university in the Cascadia Corridor – Washington, Oregon, Idaho, and British Columbia, as well as Alaska.
The competition entry must be developed during the student’s tenure at the college or university.
All submissions must live up to the higher ideals of the University of Washington. The team’s idea must be appropriate for a university-sponsored event.
If the team or company entering the competition is revenue positive, actual annual revenue cannot exceed $500k.
Eligible students can form a team with non-students, but for the sake of this competition, non-students will be considered advisors.
Moreover, students must have an ownership stake in the business or the potential for equity or employment.