Under Armour CEO Partners With University Of Maryland For Nationwide Business
COLLEGE PARK, Md., Nov. 6, 2013
COLLEGE PARK, Md., Nov. 6, 2013 /PRNewswire-USNewswire/ -- Applications are
now being accepted for the 2014 Cupid's Cup Business Competition, presented by
Under Armour founder and CEO Kevin Plank and the University of Maryland's
Robert H. Smith School of Business. The annual competition offers the
country's top student entrepreneurs the chance to compete for $115,000 in
total cash prizes. Students can apply until January 6, 2014.
The final competition will take place on Friday, April 4, 2014, at the
University of Maryland's Clarice Smith Performing Arts Center. A panel of
judges will narrow the applicant pool to five finalists in a semifinal
competition round to be held at Under Armour's Baltimore headquarters in
February. Finalists will pitch their businesses to Plank and a panel of judges
in front of more than 1,000 attendees at the final round competition. The
day's events will also include a business and innovation showcase highlighting
campus and regional startups.
Applicants will compete for a transformative prize package including $115,000
in total cash prizes ($75,000 for the grand prize winner), coaching from a
team of successful entrepreneurs, in-kind services from leading edge
companies, and the prestigious Cupid's Cup. Plank will also grant the 2014
grand prize winner exclusive access to a member of his professional network.
"The goal of Cupid's Cup is to identify and reward students who have the
entrepreneurial drive and conviction to take a risk and start a business while
they are young," said Plank, founder and CEO of Under Armour and founder and
chairman of Cupid's Cup Business Competition. "Last year, we took the
competition to the national stage, and I'm more passionate than ever about
finding the best student entrepreneurs in the country. I want to help another
young innovator reach the next level with crucial funding and my personal help
making a business connection."
The Dingman Center, part of the Robert H. Smith School of Business, provides
students with opportunities to pitch their business ideas, receive feedback
from experienced entrepreneurs and access to funding. Cupid's Cup was inspired
by a rose delivery business Plank started as a student at the university. As a
member of the football team he wasn't permitted to have an outside job, so he
turned to entrepreneurship as a way to pursue his business interests. Plank
worked with the Dingman Center to create and lead a business competition to
foster similar student entrepreneurship.
"The Dingman Center has been leading the way in finding creative entrepreneurs
and impactful startups for more than 25 years, and thanks to our partnership
with Kevin Plank we now have the resources to extend that mission to the
national stage," said Alex Triantis, dean of the Robert H. Smith School of
Business. "We are committed to teaching innovation to the next generation of
entrepreneurs here at the University of Maryland and beyond."
The competition is open to undergraduate and graduate students enrolled at
accredited U.S. colleges and universities or recent alumni of those
institutions (received degree between May 2011 and December 2013). Applicants
must be running a legal business entity that has generated at least $5,000 in
revenue or demonstrated proof of traction.
Applications for the 2014 Cupid's Cup competition will be accepted through
January 6, 2014. There is no fee to apply. The Dingman Center will hold a
webinar information session about the competition on November 6. More
information is available at www.cupidscup.com.
About Kevin Plank
As a special teams captain for the UMD Terrapins football program in 1995,
Plank was tired of having to change his sweat-soaked shirts over and over
again throughout his two-a-day practices. His frustration led to an
inspiration for a better kind of T-shirt—one that could wick sweat and keep
athletes cool, dry, and light instead of overheated, drenched, and weighed
down. Upon graduating from Maryland in 1996 with a bachelor's degree in
business administration, Plank started to turn his idea into a reality and, as
a result, began redefining the way athletes dress. After 17 years of
outfitting athletes with the world's most innovative performance apparel,
footwear, and accessories, Plank now oversees a company with over 6,000
employees worldwide and total revenues expected to cross $2 Billion by the end
of 2013. True to his vision in 1995, Plank and Under Armour remain committed
to empowering athletes everywhere.
About the Dingman Center for Entrepreneurship
The Dingman Center has been at the forefront of entrepreneurship education and
practice for more than 25 years. The Center's primary activities include
helping students build their ventures, creating experiential learning
opportunities and providing regional entrepreneurs with access to capital.
Within the region, the Center operates Dingman Center Angels, the area's most
active angel investor network with more than 40 members and 30 companies
funded since 2005. More information is available at
About the University of Maryland's Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader
in management education and research. One of 12 colleges and schools at the
University of Maryland, College Park, the Smith School offers undergraduate,
full-time and part-time MBA, executive MBA, online MBA, MS in business, PhD
and executive education programs, as well as outreach services to the
corporate community. The school offers its degree, custom and certification
programs in learning locations in North America and Asia. More information is
available at http://www.rhsmith.umd.edu/.
University of Maryland Robert H. Smith School of Business
SOURCE Robert H. Smith School of Business
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