The Anderson School of Management will hold its first-ever UNM Entrepreneurial Challenge competition on Friday, Feb. 18. The purpose of the Challenge is to support new businesses, which can be funded through conventional investment.

Fifteen teams are scheduled to compete with the preliminary rounds taking place from 9 – 11:30 a.m. on the Anderson School. Teams advancing to the final round will present in the from 2 – 4:30 p.m.

After the presentations are complete, the judging panels will decide which teams will be awarded prizes that evening. The Awards Reception and Banquet, which is by invitation only, will feature an Elevator Pitch Competition by all the teams, a keynote address by Tony Trujillo, President of Holman's, Inc., and the announcement of all competition winners. Sponsors of the UNM Entrepreneurial Challenge include; the McCune Charitable Foundation, Don Chalmers Ford, Altela, Inc., Northwestern Mutual Financial Network, the New Mexico Gas Company, and ACCION.

The team presentations are open to the public and parking may be found at the new Yale (Y) parking structure on the corner of Lomas and Yale, a short walk to the Anderson School.

The Entrepreneurial Challenge joins the already established UNM Technology Business Plan Competition, now in its sixth year, which features student-run startups which angel or venture capital investors could actively fund. Both competitions are open to all UNM students, giving entrepreneurs the chance to showcase their talents and compete for thousands of dollars in prize money by defining markets, building financial projections, constructing a management team, and addressing the risks inherent in their new business idea. For more information about both competitions, please visit Entrepreneurial Challenge and Technology Business Plan Competition.