Healthcare entrepreneur Richard Scott and Annette Scott have provided a $300,000 gift to GW to fund the Annette and Richard Scott Business Plan Competition. The purpose of the program is to encourage creative enterprise and the development of marketable ventures among GW students looking to create a business or develop a new initiative.
The first competition will be held during the 2008-2009 academic year and will be managed by the university’s Center for Entrepreneurial Excellence. Awards will include $20,000 to help fund the winning business plan. The Scott’s daughter, Allison Marie Guimard, BBA ’05, studied marketing at GW’s School of Business and is the founder and president of Alijor, an online healthcare community based in California.
“Speaking from experience, I know how difficult it can be to finance a start-up company,” said Richard Scott, founder, chairman, and CEO of Richard L. Scott Investments, LLC, and co-founder and chairman of Solantic, LLC, an operator of urgent care centers in Florida. “Ann and I are pleased to have the opportunity, through this competition, to award critical seed money to jumpstart new business ventures.”
The two-round competition will include the submission of a written business plan and a presentation to a panel of judges comprising investors and business executives. Awards will be based on the written and oral presentations, as well the viability of the proposed company. The Scotts and their daughter will help judge the inaugural competition. Participants in the competition, which will be open to all GW undergraduate and graduate students, will be given the opportunity to network with and learn from the judges.
For more information, read the GW press release.