ECU launches 5th annual entrepreneurship challenge



GREENVILLE, NC (WITN) – Hundreds of students at East Carolina University are vying for a chance of nearly $ 150,000 in cash and business services.

The fifth annual Pirate Entrepreneurship Challenge kicked off at ECU on Tuesday with around 100 student teams showcasing their business ideas on the campus mall.

Students, staff and faculty voted for the teams they believe should qualify for the bottom 12 selected in the competition.

Competitors pitched ideas, including retro fashion stores, restaurants, and smartphone apps.

Once the last 12 are selected on the night, teams will work with mentors throughout the school years to develop their business plans.

“The general enthusiasm around entrepreneurship and when you look around and see your peers can do it, you think you can do it too,” said David Mayo, an organizer of the event. “So there is a general entrepreneurial spirit on campus and we wanted to support teams that show a lot of promise.

The competition continues throughout the spring semester, with grand prize winners taking home over $ 15,000 in cash and $ 30,000 to $ 40,000 in professional services to help them launch their businesses.

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