I've never seen or heard anything about a business plan competition, but they seem like amazingly bankrupt ideas. It sounds to me like they're a bunch of middle

I've never seen or heard anything about a business plan competition, but they seem like amazingly bankrupt ideas. It sounds to me like they're a bunch of middle-aged employees of big companies or universities who have never started a business telling you what's a good business plan. But I *highly* doubt that the winners of business plan competitions correlate at all with successful businesses (as you yourself are an example). For that reason, it seems like they'd be the exclusive domain of PHBs, or at least the administration of them would be.