Since 2009, the Georgetown Entrepreneurship Initiative has equipped students with the knowledge, skills, and resources to launch viable new businesses that create wealth and add value to society. As the initiative works to build a culture of entrepreneurship across the Georgetown community, the McDonough School of Business recognizes an opportunity to mentor and support our students and young alumni who have turned their passions into viable entrepreneurial ventures.
Aligning with the Jesuit values of Georgetown University, the Leonsis Family Entrepreneurship Prize honors and supports Georgetown students who have launched or are preparing to launch new business ventures that will address problems in the world around them. Each year, teams or individuals compete to win an amount determined from the annual limit of $100,000. Ultimately, the Leonsis Family Entrepreneurship Prize builds awareness around the innovation and accomplishments of Georgetown’s entrepreneurs and strengthens the university’s reputation as a place where ambitious students can turn their passions into entrepreneurial ventures.
Current Georgetown undergraduate and graduate students, as well as Georgetown alumni within six months of graduation, are eligible for the prize and may be nominated as individuals or as teams. Georgetown’s Entrepreneurs-in-Residence provide valuable mentorship to the Leonsis prize recipients as they develop and pursue their ventures. Recipients of the prize are selected through a rigorous nomination, application, and review process.
When and Where
This competition takes place during the Fall semester, typically through the months of October and November. The eight nominated teams will compete in for a chance to win their share of $100,000.
Teams will pitch for 3 minutes, followed by 5 minutes of Q & A and feedback from the judging panel. Slides are allowed; we recommend a limit of 10 – 12. Each team will pitch and the scores from the panel will be averaged to determine which teams win. Pitches will be judged on:
- The attractiveness and viability of the business concept
- The strength of the team
- The quality of the presentation