Challenge Entry Information and Rules

The Madison College Challenge is designed to enhance educational and experiential learning opportunities for Madison College students as well as provide startup funding and/or support to the winners.

The Challenge, organized by the Center for Entrepreneurship is open to all Madison College students who were enrolled in at least one credit or noncredit course during the current or previous school year. Full-time MATC employees and/or previous finalists are not eligible to participate. You may enter as an individual contestant or as a team.

Successful competitors progress through three phases of review by judges. The winners will be selected after the in-person presentations in May. View winners and prizes from past challenges

We look forward to receiving your entry! Please send questions to

How to enter the Madison College Challenge

Information will be published in fall 2018 regarding 2019 Challenge event

  1. Feasibility Analysis Deadline

    Submit your Feasibility Analysis using our online form.

    The top Feasibility Analysis submissions will be invited to prepare Business Plans for Phase 2.

    Only one electronic submission of the Phase 1 Feasibility Analysis and subsequent Business Plan – representing one business concept – per individual contestant or team is permitted. It must comply with the required format and utilize the Feasibility Analysis and Business Plan templates and guidelines provided.

  2. Business Plan Deadline

    Successful applicants from the Feasibility Analysis submission stage will be notified via email, and instructions for submitting the business plan will be provided at that time.

    Finalists from the Business Plan submission stage will be notified via email, and will be invited to practice their presentations prior to presenting them in person at the Challenge. Finalists must be present for and participate in the oral presentations to remain eligible for a cash award. 

    Submitted materials are protected in the spirit of nondisclosure, and all entries will be treated as confidential submissions. Only judges and Madison College Challenge committee members will have access to submitted materials. However, individual and team entrants are encouraged to take appropriate measures to protect their intellectual property rights as no specific provisions will be taken by Madison College to protect any individual’s or team’s intellectual property. 

  3. Present Oral Business Plan in Person

    If invited, you will present your plan to a panel of independent judges. Winners will be selected and awarded prizes.

    Prize money is intended specifically for the winning students to use for the business startup. Finalists will be required to sign a certification to that effect prior to receiving an award. The names of winners and a brief description of their plans may be used to promote the Madison College Challenge, Madison College and the Madison Area Technical College Foundation. The business plan competition organizers reserve the right to amend or change the Madison College Challenge, its rules or its organization.


Consider these courses from the Small Business Entrepreneurship program to help you craft your business plan: