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Kevin Plank, founder and CEO of Under Armour (shown here in a screenshot) hosts the Cupid's Cup Business Competition at the University of Maryland, College Park. (Courtesy of CupidsCup.com)

Cupid’s Cup contest on for 10th year

The 10th annual Cupid’s Cup Business Competition is now accepting applications.

Co-hosted by Under Armour CEO Kevin Plank, the contest is offered through the Dingman Center for Entrepreneurship at the University of Maryland Robert H. Smith School of Business.

Student entrepreneurs from across the world can enter and compete for a total of $115,000 in cash, with $75,000 going to the grand prize winner. The deadline to apply is Jan. 5, and the final competition is scheduled for April 22 in College Park.

The semifinal round will be held in Baltimore in March, when a panel of judges will select six finalists from the applicant pool. At the final competition in April, the finalists will pitch their business in front of Plank, who graduated from UMCP in 1996, and another judging panel.

To be eligible, applicants must be a student or graduate of an accredited college and be 30 years old or younger. They must have a business that has either generated $5,000 in revenue or have a critical mass of users or paying customers.

“The goal of Cupid’s Cup is to identify and reward students who have the entrepreneurial drive and conviction to take a risk and start a business while they are young,” Plank said in a statement.

“In 2012, we took the competition to the national stage, and I’m more passionate than ever about finding the best student entrepreneurs in the world. I want to help another young innovator reach the next level with crucial funding and my personal help making a business connection.”

The winner of the 2014 Cupid’s Cup competition was Disease Diagnostic Group, which developed an inexpensive device to detect malaria in 60 seconds.

 

About Alissa Gulin

Alissa Gulin covers health care, education and general business at The Daily Record.

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