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$1.1M IU fund establishes world's largest student prize for software, technology business plan

A group of investors has created a $1.1 million fund to support $250,000 in annual prize money to IU Bloomington students who submit the best business plans for a student-led company focused on Internet and software technology. The annual prizes for BEST -- Building Entrepreneurs in Software and Technology -- will be the largest in the world offered by a university solely to its students in a business plan competition.

A group of investors has created a $1.1 million fund to support $250,000 in annual prize money to IU Bloomington students who submit the best business plans for a student-led company focused on Internet and software technology.

The annual prizes for BEST -- Building Entrepreneurs in Software and Technology -- will be the largest in the world offered by a university solely to its students in a business plan competition.

Read the IU news release.