Over 85 percent of new businesses fail within a few years, often because they try to plan their way to success. It’s time to change.
The IBMC is a unique student startup competition focused on the inputs, not the outputs, of the entrepreneurial process. The competition rewards active identification and validation of crucial business model hypotheses rather than the writing of a static business plan, talking to customers outside the building rather than researching secondary data inside the building, applying customer development rather than relying on product development, and “pivoting” or changing course rather than executing on the plan.
Submissions for the competition focus on the process entrepreneurs undertake as they test their most crucial hypotheses with customers and develop validated business models. The goal is validated learning about the key business model hypotheses and failing early is a success compared to failing late.
Ultimately we believe this new approach will improve the success rate of new ventures, allowing entrepreneurs to save both time and money in the process. The IBMC is open to all students enrolled at accredited institutions of higher education anywhere in the world. Each year thousands of student teams from hundreds of schools all over the world participate.
The IBMC has been hosted by numerous organizations in the past.
2012 - Brigham Young University
2011 - Brigham Young University
2013 - Harvard University
2014 - Brigham Young University
2015 - Brigham Young University
2016 - Microsoft Ventures
2017 - Computer History Museum
2018 - Brigham Young University
2019 - Brigham Young University
This competition was founded by: