On other news, it looks like the management students in my 50k team will be taking control of the team while other team members take time off to complete their PhD thesis so that they can graduate in May. 
But seriously, both Peter and I have plenty to do before the business plan and financial projection are due in a month from now. While it is a lot of work, I really enjoying the experience with this 50k business plan competition. I often compare the 50k experience to the taking of a 12 unit (or 4 credits) MIT class. The difference is that you actually have to "get down and dirty" in building a real business plan in 50k.