At first glance, the A. Lorne Weil Outrageous Business Plan Competition might look like just another frivolous exercise by MBA students with nothing better to do. It isn't. An annual event led by the Columbia Entrepreneur's Organization at Columbia University (New York), this competition encourages students to explore creative entrepreneurial ideas that are sufficiently ambitious in scope and scale to be considered outrageous.
These ideas straddle the line between being fundable by venture capitalists and rejected as unfeasible for traditional investors. Students explore these ideas while learning firsthand what goes into the development and presentation of a solid business proposal.