Here's how to win cash for your big edtech idea - Technical.ly Philly

Business

Jan. 25, 2016 10:43 am

Here’s how to win cash for your big edtech idea

It's time to submit your idea to the Milken-Penn GSE Business Plan Competition.
21st Century Brilliance cofounders and Milken-Penn GSE Business Plan Competition semi-finalists Karima Bouchenafa (left) and Azeb Kinder.

21st Century Brilliance cofounders and Milken-Penn GSE Business Plan Competition semi-finalists Karima Bouchenafa (left) and Azeb Kinder.

(Courtesy photo)

The Milken-Penn GSE Education Business Plan Competition is yet again looking for the next big thing in edtech.

Apply by Feb. 23

For the second year in a row, they have an idea track and a venture track. We’ve always thought the idea track was interesting — there’s not many local startup competitions that will award you money for a really good idea. It’s almost akin to getting a Silicon Valley-esque investment, on the basis of idea alone (though obviously not as much money).

We’ve also noticed that the idea track has encouraged people who might not be ready to take the full-on jump into entrepreneurship, like the founders of this social network for parents and of workshop finder CuriousBee. The competition seems like a great way to get some sort of validation of your idea, a way to give you a little push (and maybe some capital).

Finalists and winners of the competition are also eligible to join the Penn’s edtech incubator.

Last year, 10 winners won $140,000 in prizes.

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