Changes

The IBMC helps the students and campus campuses in many different ways. First, the competition encourage the encourages students to explore entrepreneurship- and with a different mindset. With the advises advice and critiques given in throughout the competition, students will further develop and strengthen their ideas in a much better way. Second, workshops and lectures will be arranged at the beginning of the year. These events invites invite experienced entrepreneurs to talk about their approach and help the students work on their businesses. Even without the competition, these lectures lecturers are very helpful in bringing students student interest to entrepreneurship. Lastly, the monetary award helps the winners to roll out the business plan. With $25,000 given to the first place and with a total of 28 total award recipients, students can have a good great financial start on their businessas well.

The IBMC is currently co-hosted by Brigham Young University, Harvard University, and Stanford University. At the same time, it also encourages and helps the local sectors sector development. Currently, it has ten universities and colleges hosting qualifier competitions, and three participating universities.