The Annual Business Plan Competition is the flagship event of The Entrepreneur Challenge. This event will be taking place on one night in May 2017 and will award the top three finalists for both Tracks, Tech & Innovation and Life Sciences Track. Each contestant will have 10 minutes to pitch their company to the judges and audience. The total amount for the competition is $200,000 with the winner of each respective track will take home an estimated $60,000 in cash and kind services. Second and Third place will be rewarded as well with an estimated amount of $30,000 and $10,000 in cash and kind services respectively. Additionally, the audience will have the chance to choose The $1,000 Audience Choice Award. SemiFinals for the competition is a private event and is open to all eligible teams and will be held in the middle of April 2017.