Mines News

Release Date Friday, September 6, 2019

Business Plan Competition at SD Mines Open to Enterprising High School Students, Other Colleges

Mark Rotert and John Parker Chandler IV took home first place at the 2018 CEO Business Plan Competition at SD Mines and went on to win the Braun Student Inventor Award and the Governor’s Giant Vision Awards Business Competition in April 2019.  

RAPID CITY, SD (Sept. 6, 2019) – Entrepreneurial-minded students from high schools and colleges throughout the region are encouraged to enter a “Shark Tank”-like student business plan competition sponsored by local and state partners and hosted by the South Dakota School of Mines & Technology.

The CEO Student Business Plan Competition will host the first of several face-to-face information sessions next week. Teams will train with mentors throughout the semester and will pitch their business plans on Dec. 7, for the chance to win thousands of dollars in start-up money.

SD Mines has opened the competition to all West River high schools, as well as neighboring higher education institutions Black Hills State University, Western Dakota Tech, National American University and Chadron State College, in Chadron, Neb.

“This is the sixth year of this competition and every year the community support for the competition grows, and the level of competition increases. We are very excited for this year and can’t wait to see these bright young entrepreneurs share their ideas with us” said Joseph Wright, SD Mines associate vice president for research and economic development.

Participants attend on-campus business plan training and throughout the semester will receive assistance from the Small Business Development Center in preparing financial statements, as well as mentoring from local business leaders and SD Mines’ Entrepreneurs-in-Residence.

Student competitors will get the opportunity to learn from lead mentor Darren Haar, one of 38 SD Mines’ Entrepreneurs-in-Residence. Haar was previously global business director of Microcircuit Materials for DuPont before leaving to pursue other ventures, including spinning off technologies developed at SD Mines.

Judges include former executives of Fortune 500s, heads of angel funds and local business leaders.

Teams may also take their business plans to compete statewide at the South Dakota Governor’s Giant Vision Awards. Students who have competed in the CEO Competition have gone on to win the Governor’s Giant Vision Award the last five years.

In the past, student business plans have ranged from an intelligent wheelchair and energy saving window films to guidance devices for the blind and subterranean salt caverns for natural gas storage.

2019 CEO Competition sponsors are Ascent Innovation, Big D Oil, Golden West Technology and Internet Solutions, Regional Health, South Dakota Governor’s Office of Economic Development, South Dakota School of Mines & Technology, Darren Haar, Sioux Steel Company and West River Electric Association.

Click here to learn more about the competition.

2019 CEO Student Business Plan Competition Key Dates

 ·         Sept. 10 & 24, 5 p.m. SD Mines Classroom Building, RM 205W – Information sessions

 ·         Sept. 27 – Email intent to compete

 ·         Oct. 1, 5 p.m. in Classroom Building RM 205W – Business plan training

 ·         Oct. 7 week – Mentor support

 ·         Oct. 21 week – Training on business financials

 ·         Nov. 15 – Submit business plan

 ·         Nov. 25 week – Notification of finalists

 ·         Dec. 7 – Finalist pitches and awards in Classroom Building, RM 204



About South Dakota Mines  

Founded in 1885, South Dakota Mines is one of the nation’s leading engineering, science and technology universities. South Dakota Mines offers bachelor’s, master’s and doctoral degrees and a best-in-class education at an affordable price. The university enrolls 2,475 students with an average class size of 24. The South Dakota Mines placement rate for graduates is 97 percent, with an average starting salary of more than $66,150. For these reasons College Factual ranks South Dakota Mines, the #1 Engineering School for Return on Investment. Find us online at www.sdsmt.edu and on FacebookTwitter, LinkedInInstagram and Snapchat.

Contact: Lynn Taylor Rick, (605) 394-2554, Lynn.TaylorRick@sdsmt.edu

Upcoming Events

Saturday, Sep. 18, 2021 - Saturday, Sep. 25, 2021
7:00 a.m. to 6:00 p.m.
Various Locations
Sunday, Sep. 19, 2021
12:00 p.m. to 1:00 p.m.
March Dake Plaza
Sunday, Sep. 19, 2021
2:00 p.m. to 4:00 p.m.
Downtown Rapid City
Tuesday, Sep. 21, 2021
4:00 p.m. to 7:00 p.m.