Business-minded students from Marion and Hillsboro high schools will wage a battle of ideas Tuesday at the inaugural Youth Entrepreneurship Challenge at Tabor College.

The competition gives high school students experience in the process of making a business proposal. To compete, students must research, write and submit an executive summary on a new venture concept.

Students will prepare tabletop displays of their concepts or products and deliver 90-second “elevator pitches” to judges.

Three teams will be selected for a final round of competition that will include a five-minute formal presentation of their business plan concept. A comprehensive matrix of product, marketing, and financial parameters will be used to determine the winning team, which will receive $750. Awards of $500 for second, $250 for third, and several $100 “People’s Choice” prizes will be given.

The top three teams will qualify for statewide competition at Kansas State University in April.

The competition is made possible through Marion and Hillsboro’s participation in NetWork Kansas, a program that encourages entrepreneurship through local investment, along with assistance from Tabor and Butler Community College

The competition will be from 9:30 a.m. to 3 p.m. Tuesday in Wohlgemuth Music Education Center at Tabor. The event is open to the public.