Westminster College's Institute for New Enterprise in the Bill and Vieve Gore School of Business has launched its first on-campus business plan innovation competition, with the deadline to register set for Dec. 1.

The competition, called Opportunity Quest, will be co-directed by two Westminster business students, Jason Badell and Jared Hansen. It will include a series of events that lead to an awards dinner and cash prizes of up to $5,000. Events include forums and presentations on business plan writing, presentation skills and one-on-one mentorship from college faculty and other local business community leaders.

The winner of the Westminster competition will advance to the Utah Entrepreneur Challenge, the statewide business plan competition open to all college students across the state. More than 200 teams (approximately 600 students) compete each year for cash prizes up to $100,000 and in-kind services to launch their business. The first-place winner will receive $40,000 in cash.

Opportunity Quest is open to all Westminster students, regardless of major. The college is seeking additional sponsors interested in contributing to the business plan competition. Details are at www.westminstercollege.edu/opportunityquest.