Five teams from the Program in Innovation Management and Entrepreneurship (PRIME) master’s degree program were named semifinalists at the 2013 Rhode Island Business Plan Competition. In total, 77 emerging entrepreneurs applied to the competition, and 15 were selected as semifinalists, including seven in the entrepreneur track and eight in the student track. Seven of the eight semifinalists in the student track were from Brown, including the five teams from PRIME.
The contest will award more than $200,000 in prizes to applicants who agree to establish or continue operations in Rhode Island. Established in 2000, the Rhode Island Business Plan Competition has awarded more than $1.2 million in prizes since its inception, and has been named one of the top 40 business plan competitions in the country. Finalists will be selected later this month, and the winners will be announced May 14 at The Garage economic development event.