IDEAcorps MBA Consulting Challenge

The IDEAcorps MBA Consulting Challenge is not your typical case competition.

The IDEAcorps MBA Consulting Challenge, hosted by Loyola University New Orleans and in partnership with The Idea Village, gives MBA students the opportunity to work with a real startup to solve a problem the founding entrepreneur is facing. Teams work intensively over four days to scope the problem, validate a solution, and give the entrepreneur a plan that can have real-world results and impact. In a culminating event, teams are judged by a panel of local business leaders on how far they have “moved the needle” for the founder and company.

How can IDEAcorps launch your career in entrepreneurship? Read more here.

Competitive Guidelines
Information Sheet
The IDEAcorps Experience
Apply here to be a team leader!

 

 

What Recent IDEAcorps MBA Teams Are Saying

“IDEAcorps was the most fun, most difficult, most rewarding experience of my MBA experience so far.”

Isaac Tipton, UVA Team Member 2017

“I enjoyed the fast-paced nature of the competition. There were times where we had to make a decision and go with it, and I like that. [IDEAcorps] confirmed my intention of continuing to pursue an entrepreneurial career."

Heather Weese, Auburn Team Member 2018

“Our entrepreneur was open to our ideas, and we truly felt like we made an impact on the business that will far outlast this year's competition. Most importantly, we learned an immeasurable amount about the startup world and have valuable experience to bring forward in our careers.”

Annie Smith, Alabama Team Leader 2018

“IDEAcorps provided an unrivaled opportunity to work firsthand with real entrepreneurs. So many case studies we review in our schooling are hypothetical or focused on past events; however, this competition gave me the opportunity to really dig in deep with a real business problem in real time.”

Sarah Gardner, LSU Team Member 2016

“The whole experience was exhilarating. This is the most I have personally learned in a span of 72 hrs.”

Rahul Gopal, MSU Team Leader 2017

 

Learn More

2019 IDEAcorps Timeline

 
Teams & Companies

Recent IDEAcorps MBA Teams

 

Recent IDEAcorps Companies

    

Experience IDEAcorps

In 91 hours, MBA teams from across the region will compete to see how far they can "move the needle" and produce real-world results for a local entrepreneur.

STEP 1: SCOPE

Teams identify a problem the startup's founding entrepreneur is facing.

STEP 2: VALIDATE

Teams propose a solution, then test it, collect data from actual customer, and iterate on that solution.

STEP 3: IMPLEMENT

Teams create an implementation plan that the entrepreneur can use immediately.

STEP 4: WIN

In a culminating event, the teams will present to a panel of judges from the New Orleans business community. The judges will select the winning team based on how much the team has "moved the needle" for the local business.

On the final day of the competition, teams will be judged by a panel of investors, business leaders, faculty & civic innovators on their ability to “move the needle” for the company in a limited amount of time. Past judges have included TPG Capital Founder Jim Coulter, Canal Barge CEO Merritt Lane, impact investor Daryn Dodson, Caesars Entertainment CEO John Payne, Managing Director of JP Morgan Katie LeGardeur, GE Capital Tech Center CIO Mike De Boer, and other prominent executives from national and local companies.

"The IDEAcorps experience was as challenging as it was rewarding. Not only did our team hone in on a wide breadth of our collective business skills, but we were also forced to think creatively and come up with innovative ideas in which to help our entrepreneur." - Rebecca Goodman, 2016 Loyola IDEAcorps team leader

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Team Leaders: Apply Now!

TEAM LEADER APPLICATIONS ARE DUE NOVEMBER 16, 2018! If you’re looking to join a start-up team for a hands-on entrepreneurial experience, eager to apply your consulting skills to an early-stage venture, and interested in networking with local investors, entrepreneurs, and business leaders, here’s what you need to participate: 

  • A dedicated team leader and five other team members with diverse skill sets
  • A shared passion for providing real value to start-ups, combined with a strong competitive spirit
  • A faculty or staff advisor from your home school is encouraged

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Contact

For more information, email the Center for Entrepreneurship and Community Development at innovate@loyno.edu.

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All great journeys start with a first step.
IdeaCorps - College of Business - Loyola University New Orleans

Jon Atkinson

2016 IDEAcorps Organizing Team and former Tulane IDEAcorps team member
If ECHO succeeds, it will be in no small part because of IDEAcorps and their efforts.
Tim Kappel - College of Business - Loyola University New Orleans

Tim Kappel

ECHO Founder, 2016 IDEAcorps Company