The Entrepreneurship Center at the University of Washington, Bothell will host its second annual Business Plan Competition at 4 p.m. on May 4. The public is invited to attend, and will be eligible to win a Kindle, an REI gift card and other prizes.

The top four teams will compete in a live final event held in the North Creek Event Center.

More than 40 student teams are expected to submit comprehensive business plans in hopes of capturing $20,000 in cash and prizes. The competition includes several rounds of judging. The competition’s final round provides four remaining teams the opportunity to present their plans to a panel of Washington CEOs and entrepreneurs serving as judges.

“The business plan competition highlights the center’s core mission, which is to build the economy by developing businesses and talented entrepreneurs,” says Barry Weisband, director.

“The competition is more than academic. It’s practical. We provide the tools to help these aspiring businesspeople enter the ranks of our next generation of entrepreneurs,” added Weisband. “The students participating in this competition have spent months preparing in a rigorous academic program alongside our faculty, and have received mentoring and coaching from highly successful entrepreneurs.”