ENTR Students Put B-Plans To the Test at Apr. 17-19 Wolffest

Published on April 13, 2012

Wolff Center Students Cook Up Business Plans
For Annual Entrepreneurship Competition

Students from the Wolff Center for Entrepreneurship will take over the UC North Patio (the area between Melcher Hall and the University Center) for three days during the annual Wolffest competition April 17-19.

Students from the Cyvia and Melvyn Wolff Center for Entrepreneurship at the University of Houston C. T. Bauer College of Business will soon find out if their business plans can stand the heat.

Wolffest, the program’s annual business plan competition, returns to campus on April 17-19 on the north lawn of the University Center. A contest of creativity, business aptitude and teamwork, the event requires entrepreneurship student teams to launch pop-up restaurant stands and compete to see who can earn the most revenue and execute their plans best.

“It’s great to see the students applying what they learned in class and implement those skills into operating a business,” said Ken Jones, WCE associate director. “We want to kick-off this event to celebrate the spirit of entrepreneurship and to not only highlight the Wolff Center, but other entrepreneurial endeavors across campus.”

This year’s event promises to expand on the successes of what was previously known as BurgerFest with a celebration of entrepreneurship that is longer — three days rather than two — and includes additional activities. This year, Wolffest will lead into another entrepreneurship event called 3-Day Startup, a competition being held on campus for the first time that requires student teams to start a technology company over a three-day period.

Preparations for Wolffest began long ago, with student teams crafting business strategies and marketing their concepts to investors to raise capital. Each team has appointed a CEO to oversee the plan and make sure everything comes together in time.

“Wolffest gives entrepreneurship majors a chance to take all of the concepts we’ve learned at Bauer and apply them in a real-life business operation,” said entrepreneurship major Randy Hannemann, who will participate in this year’s competition. “Holding events like these are definitely what make Bauer‘s entrepreneurship program number one in the nation.”

The event will have a live DJ, a dunking booth and inflatable games. For more information on the event, visit the website.

By Amanda Sebesta