POTSDAM - Clarkson University has launched a unique business plan competition that is now accepting applications.

On February 24, up to ten finalists will visit campus to present their business or patentable idea to a panel of experts.

Up to five of these participants will be offered an opportunity to attend Clarkson University without payment of tuition for the remainder of their four-year undergraduate careers, through a combination of merit-based financial aid (after accounting for other aid for which the student may be eligible) and a purchase by Clarkson of ten percent equity in their firm at fair market value.

This unique program, featured in Money magazine's September issue, also provides weekly guidance from Clarkson faculty, office space in a business incubator, and Clarkson alumni mentors.

Clayton, N.Y., native Matthew S. Turcotte '14 has been in the Young Entrepreneurs since September 2010. "This is a once-in-a-lifetime opportunity and I feel fortunate that I attend a university that is as passionate about my business as I am and is so supportive," says Turcotte. "With Clarkson's support the sky is the limit,"

Applications for the Young Entrepreneurs and Innovators competition must be completed online at www.clarkson.edu/equity by January 30 and include a business plan and a 90-second video.