The Baiada Institute hosts many competitions that provide a process for students and alumni to turn great ideas into great businesses.
Competitions encourage students to form interdisciplinary teams, to take ideas from the concept phase, through a feasibility study/market analysis to a full business plan, and to build a new venture.
These competitions are designed for students across all schools at Drexel, and welcome the participation of students not enrolled in the entrepreneurial or business curriculum. Student teams receive extensive feedback and receive written comments from several judges.
The Business Incubator competition is currently open, with applications due August 31, 2014.
The 2014 Ian J. Berg Business Plan Competition, won by Dan Eberhart (LeBow College of Business) and Jonathan McDaniel (College of Engineering) for their mobile app, "Kegg," concluded in April.
The 2014 Concept Paper Competition was won by White Light Medical, LLC, a startup medical device company that has developed a low-cost surgical probe — called AccuSpine —for the accurate placement of screws in spinal fusion surgeries.