Business Plan Competitions are events where entrepreneurs present their business ideas to a panel of judges. Participants typically create detailed plans outlining their business model, market analysis, and financial projections. These competitions often provide valuable feedback and networking opportunities for aspiring business owners. Winners of Business Plan Competitions may receive cash prizes, mentorship, or resources to help launch their ventures. Many universities and organizations host these competitions to encourage innovation and support the entrepreneurial ecosystem. They serve as a platform for individuals to showcase their creativity and business acumen.