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| Early January | Applications available online |
| February 20 | Applications due |
| February 23 - March 1 | Applications reviewed during Entrepreneurship Week |
| Early March | Six finalists announced |
| April 18 | Finalists present to a panel of business coaches at The University of Arizona in Tucson |
Each finalist will be paired with an undergraduate student mentor at the Eller College. The mentor will contact the finalist in advance and meet with him or her on campus on the competition day.
Six finalists will present their ideas to a panel of business coaches during the McGuire Entrepreneurship Business Plans Competition on April 18, 2008.
The Eller College will match the award with a scholarship if the winning student enrolls at The University of Arizona and declares a major at the Eller College of Management.
A panel of business coaches comprised of current Eller College entrepreneurship students, Arizona business leaders, and representatives from the Eller College and 1st National Bank of Arizona will evaluate the applications and determine competition winners.
Criteria are detailed in the Criteria and Application section.