Entrepreneurship@Cornell has announced a new annual Student Business of the Year award that includes a cash prize of $5,000 and recognizes commitment to develop and operate a successful business while pursuing an education. It will be presented at an April 11, 2014, luncheon during the Entrepreneurship@Cornell Celebration.

The business must be operated by a current Cornell undergraduate or graduate student or a team of at least 50 percent current Cornell students. Success measures will vary depending on industry and will include revenue generation, customer validation, creativity, uniqueness, intellectual property, grants, awards and scalability of the business model.

The winning business will be chosen by a committee that will conduct screenings and listen to presentations from finalists. All of Cornell’s schools and colleges are participating in the process by nominating student businesses via a Student Business of the Year faculty/staff champion; contact the E@C office, dlm8@cornell.edu. Nominations are due Feb. 17.

E@C is a universitywide initiative created in 1992 to promote entrepreneurship education, experiential learning opportunities, and activities and events for the Cornell community. Its yearly celebration event attracts more than 200 alumni to campus each year to join with students, faculty, staff and friends in symposia, exhibitions, competitions and networking opportunities, as well as to honor the Cornell Entrepreneur of the Year.