The Eastman New Venture Challenge is a contest to encourage new thinking and innovative ideas in music. It gives students the opportunity to develop a project proposal that could result in the launch of a new entrepreneurial initiative.
Entries may be from individuals or teams of up to four students. Entrants must create and present a project proposal that demonstrates creativity and potential for success. The proposals will be evaluated in a preliminary round by a panel of judges who are experts in the field. Two to four student entries will be invited to participate in the final round where each initiative will be evaluated on both the written proposal and an oral presentation. Successful entrants will have demonstrated creativity, innovation, uniqueness, and added value to the music field. Workshops and team consultations are available to students through the Institute for Music Leadership.
First prize: $2,000*; Second prize: $500*
*Seed money for development of student ventures along with advisory support from Eastman's Institute for Music Leadership. Prize money may be taxable. Entrants should consult their tax advisor. Prize money will be rewarded as reimbursement for project expenses. Original receipts and an invoice are required.
A project proposal (suggested 3-5 pages) that includes:
The Ewing Marion Kauffman Foundation grant to the University of Rochester began a dialogue among the Schools within the University that resulted in a much broader definition of entrepreneurship than is usually found in business. "Generating and transforming ideas into enterprises that create value" is a description that encompasses all areas of study and is the definition in use at the Eastman School.