Major prizes for Entrepreneurship

$10,000 to $50,000 team awards

CPX Interactive, a digital advertising company, founded and led by Hofstra alumnus Michael Seiman, is partnering with Hofstra University to sponsor a student entrepreneurship competition that will award $50,000 for the best concept and business plan.

Mr. Seiman, who graduated in 2000, started CPX while he was still a student at Hofstra. Students from several disciplines have formed teams and submitted ideas for business plans, and their progress will be evaluated and monitored over the next six months. They will present final concepts and business plans in April 2013.  The competition will be judged by a committee of Hofstra University faculty and administrators and CPX officials.

“Entrepreneurship has always been the key to a thriving economy, leading to growing companies, employment and innovation.” said Dr. Simon Ben-Avi, Dean of College of Engineering and Applied Science.  “In today’s sputtering economic climate, this kind of creativity is more necessary now than ever.  We are delighted to host this competition and to hone our students’ skills as innovators and future leaders.”

Students have formed teams, which will be judged on an executive summary, a presentation and a proof of concept together with environmental impact statements and a projection of the likely market.  Interim reports will be submitted to the judging committee on a monthly basis until the final presentations in April.  After the judging takes place CPX may invest in some of the winning proposals.