Tennessee's biotechnology climate can be improved through the development of local competitions. Biotechnology business plan competitions will serve as avenues to facilitate the interactions between local biotechnology companies, seasoned venture capital groups, and university students. Over the past 10 years, business plan competitions have been implemented in other major U.S. cities and have reported tremendous success. Business plan competitions serve to aid the biotechnology community by educating the local students and by providing a platform for students to interact with local biotechnology companies. Local biotechnology businesses also benefit by participating in business plan competitions because it gives them access to the brightest and proactive young scientists in the Nashville area.