$10,000 for MBAs - Arthur Rock Center for Entrepreneurship, Award Based on Business Plan

The Arthur Rock Center for Entrepreneurship has announced a one-time award of $10,000 to each of the 2013 graduating MBA student who is committed in starting an entrepreneurial venture. This is a need-based award and is aimed at for-profit startup ventures. The winner will be decided by the Rock Center. In addition to the award, the student will be eligible for regular MBA Financial Aid.

The award is based on the viability of the Business Idea. This will be evaluated based on a review of the business plan as well as a progress report based on funding and other key steps taken. Another criterion for evaluation is financial need. The award is not for students who are looking for employment or in volunteer positions.

The Arthur Rock Center for Entrepreneurship was started in 2003, on a $25 million gift from HBS alumni, Arthur Rock a legendary VC who invested in companies like Intel and Apple. The center runs the School’s Business Plan Contest, which gives away over $150,000 in cash, as well as, in-kind services to entrepreneurial winners. Also around $50,000 is given out each semester in the Rock Accelerator Award Program. It helps students develop their ideas in the quickest, most effective way.