The program encourages teams to evaluate and accelerate the development of their unique business ideas. Designed to stimulate students' entrepreneurial spirit, students are required to meet deadlines to produce deliverables that guide them through the business development path that includes shaping opportunities, formulating and assessing potential businesses, and planning and launching these businesses.
It consists of three different grants:
The Business Design Grant is designed for students who have a brand new technology, an idea for a product or service, or have identified a market need but are not sure if a business can be created around it.
The Assessment Grant is geared toward students with a proposed business that sells a unique product or service with a clear market need.
The Integration Grant is for student teams that have a feasibility study that concludes that a proposed business is viable and ready to launch.
This year, the program awarded over $39,000 in grants.
For more information and/or to apply for next year's competition, interested ones should visit www.zli.bus.umich.edu/events_programs/dream_grant.asp.
