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They are now partners in Lymphedivas, which was officially born in 2006 after they won third place in a business plan contest sponsored by Drexel University.
But according to Mr. Araújo, the fortunes of the company really changed when the partners decided to enter a business plan contest sponsored by the Brazilian government in 1997.
While "Lemonade Stories" looked at the influence of mothers on entrepreneurs, her new documentary "Ten9Eight: Shoot for the Moon," follows a group of students from "Harlem to Compton and all points in between" as they compete in a business plan contest run by the nonprofit group Network for Teaching Entrepreneurship.
And I've won an award for a business plan submitted to a business plan contest.
Amazon, Google, Ebay, Yahoo none of them won a business plan contest.
I submit that losing in a business plan contest is actually more beneficial than winning.
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You scuttled their buyout plan, contesting the $36.26-a-share deal as woefully too low.
At last official count in 2006 the Kauffman Foundation identified 353 business plan contests at colleges and universities.
They have frequent speakers from industry and special interest subgroups, and they even sponsor business plan contests.
Contrary to what the organizers of these competitions will tell you, university business plan contests don't produce winning companies.
competition is in only its second year, while the business-plan contest at the Haas School is four years old, for example.
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