Since 2009, the Georgetown Entrepreneurship Initiative has equipped students with the knowledge, skills, and resources to launch viable new businesses that create wealth and add value to society. As the initiative works to build a culture of entrepreneurship across the Georgetown community, the McDonough School of Business recognizes an opportunity to mentor and support our students and young alumni who have turned their passions into viable entrepreneurial ventures.\r\n\r\nAligning with the Jesuit values of Georgetown University, the Leonsis Family Entrepreneurship Prize honors and supports Georgetown students who have launched or are preparing to launch new business ventures that will address problems in the world around them. Each year, teams or individuals compete to win an amount determined from the annual limit of $100,000. Ultimately, the Leonsis Family Entrepreneurship Prize builds awareness around the innovation and accomplishments of Georgetown\u2019s entrepreneurs and strengthens the university\u2019s reputation as a place where ambitious students can turn their passions into entrepreneurial ventures.\r\n\r\nCurrent Georgetown undergraduate and graduate students, as well as Georgetown alumni within six months of graduation, are eligible for the prize and may be nominated as individuals or as teams. Georgetown\u2019s Entrepreneurs-in-Residence provide valuable mentorship to the Leonsis prize recipients as they develop and pursue their ventures. Recipients of the prize are selected through a rigorous nomination, application, and review process.