Competition serves to stir entrepreneurial spirit
EL PASO — Who's got the best business plan? That's what some area college students sought to find out.
Business and Engineering students rallied at UTEP for the Paso del Norte Venture Competition.
Teams of students who attend colleges at UTEP, NMSU, and even as far away as Monterrey, Mexico, gathered in El Paso to present business plans for a start-up company.
They each had five months to come up with companies, which varied from mobile wellness technologies to cyber and energy security, and learn how to present their plans to potential investors.
"Personally I think it was really great, because I had no idea on how to do any of this and I really learned a lot of different things that I probably wouldn't have ever known if I had not done this competition," said UTEP graduate student Ashley Rivas, who's presenting a patent at the competition.
The competition goes through Saturday.
The winning team will get $10,000 and the chance to compete at another competition at U.T. Austin in May.
The goal of the competition is to spark entrepreneurship in order to jump start the region's economy.