2017 Round 1 Finalists Announced
With more than 80 teams registering, an unprecedented number including 1/3 international teams, the first round of the LESF International Business Plan Competition is complete. The submissions showcased the brightest new businesses and product plans from both domestic and international teams from near and far, including Canada, Hong Kong, and India. The 8 teams will be moving forward to compete for 4 prizes: The Grand Prize, International Prize, Members’ Choice, and the Best Student Team. Many thanks to the mentors and first round judges who helped get the teams and Competition progress through the first round. The LES Foundation also expresses gratitude to the in-kind contributions of the IP Toolkit sponsors.
The competition is now in its 13th year. It is designed to partner professionals and student start-up companies, which have received less than $200,000 of investment funding, with senior leaders in the licensing and intellectual property (IP) community as a way to provide mentorship and education about business basics and best practices in IP and licensing transactions. Approved plans submitted to the competition must include a core intellectual property component and strategies describing how the intellectual property will be used to achieve overall business plan objectives. Throughout the competition, participating teams work closely with seasoned professionals to discover concepts that could otherwise take many years of experience to learn.
Why Choose the LES Foundation Competition?
Frank Barnes Mentor Award
The Frank Barnes Mentor Award is an annual award given to a deserving executive, who has, like Frank Barnes, mentored many licensing executives. This award will be presented each year at the LES (USA & Canada) Annual Meeting.