Student entrepreneurs will compete for a total of $42,000 in seed money in the Hofstra CPXi Venture Challenge finals on Thursday April 21 at the Hofstra Northwell School of Medicine. The six graduate finalists will compete at 4 p.m., and the 11 undergraduate finalists at 6 p.m. Winners will be announced at 8 p.m. The competition is free and open to the public.
Student entrepreneurs will deliver a five-minute presentation to a panel of judges, and be allotted three minutes for judges’ questions. Each finalist also submitted a written business plan prior to the final competition.
The 2016 Venture Challenge, presented by Hofstra’s Center for Entrepreneurship, began with 57 participants/teams in February — the largest field of competitors since the competition began in 2013. The Hofstra CPXi Venture Challenge is sponsored by Hofstra alumnus and trustee Mike Seiman, Chairman and CEO of CPXi, a digital media company. Seiman founded CPXi when he was still a student at Hofstra.
Prizes in the graduate competition are $7,000 for first place, $4,000 for second place and $1,000 for third place. In the undergraduate competition, the prizes are $15,000 for first place, $10,000 for second place and $5,000 for third place.