Students: Give Away Your Best Ideas for $10,000

from the take-the-money-and-run dept

Apparently a web site called "CollegeClub" is offering a contest where students submit a business plan and the good ones can win a $10,000 scholarship. The problem is that the fine print seems to indicate that CollegeClub can then take the idea for itself. The company claims it's just a formality to protect itself, and it isn't intending to use or do anything with any of the plans, but it is still causing some concern.

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