6 NOVATECH competition initiative NOVATECH Com is part of the IBTEC competition, organized by INTEL in cooperation with University of California, Berkeley
7 GOALS AND OBJECTIVES Foster technology based entrepreneurship in the regionPresent innovative ideas to potential venture capitalistsProvide training and support the authors of technology innovative ideasProvide the opportunity to win the prize of USD or USD and to present on the global competition in Berkeley
8 PARTNERS BG partners International partners BIMP Sofia University ICT ClusterInternational partnersROMANIA: Institutul National pentru IMMHUNGARY: Hungarian Association for InnovationCZECH REPUBLIC: First Innovation ParkPOLAND: KomtelGREECE: South Eastern European Development Centre, University of Thessaly
9 PARTNERS Media partners in Bulgaria IDG Bulgaria - ComputerWorld weeklyEconomedia - Capital weekly, Dnevnik online, Karieri.bgDir.bgHiTec weekly broadcast at NovaTV national broadcast
10 SPONSORS Intel Higher Education Program University of California – Berkeley, Haas School of BusinessIntel Berkeley Technology Entrepreneurship Challenge
12 Rulesbusiness opportunities with the greatest potential for a positive impact on society through the commercialization of new and innovative technologies
13 PrizesThe winning teams of the semifinal screening based on electronic submission of 2-3-page executive summary will be invited to participate at the semifinals in Sofia, October 6, 2006 with all expenses covered.Each participating country will have two selected teams at the semifinals in Sofia.First prize USD20,000Second prize: USD10,000.
14 Big PrizeThe first and second winners will be given the opportunity with all their expenses covered, to compete on the world finals:Intel®+UC Berkeley Technology Entrepreneurship Challenge at Berkeley University, California, USA
15 Benefits All participants will benefit from: the education and training provided during the application processintroductions to potential investorspublicityfeedback from industry experts that will occur at the Competition
16 Eligible sectors Semiconductors, Manufacturing, and Hardware Mobile and WirelessDigital Home and Consumer ElectronicsRetail and Consumer SoftwareEnterprise Software and ITEnergy and Power GenerationNanotechnology* While the scope of technology innovation is not restricted tothe above, plans without a strong technology focus may notbe chosen to compete.
17 Eligible teams 1. Teams are typically of 3-4 people 2. Nationality of any of the following countries: Bulgaria, Czech Republic, Greece, Hungary, Poland, Romania, Turkey3. At least one team member currently pursuing undergraduate, graduate or PhD degree (the rest of could be: faculty members, entrepreneurs, businessmen)4. Company to be established in one of the participating countries
18 JuryJury members are notable venture capitalists and other industry and entrepreneurship experts.Jury is selected based on the following criteria: • Relevant professional experience (business, consulting and entrepreneurial) • Field of expertise (investors, entrepreneurs, lawyers) • Geographical location
19 Judging criteria• General: Innovation, uniqueness, feasibility, strategy, experience, competitive advantage and business model• Market: Market size, growth, share, competition, and clients• Products/Services• Financials and funding requirements
20 ConfidentialityThe authors of the business plan will retain all rights to the plan regarding its use at all times prior to and following the competition.All judges and administrative staff will agree on non-disclosure of materials submitted by competition participants.All materials will be destroyed after competition is completed, unless specific agreement is granted.
21 Calendar14 August deadline for e-round: submission of executive summaries14 July - 16 Aug feedback and consultation on submitted executive summaries21 August announcement of e-round winners and invite semi-finalists to Sofia (two teams of each participating country)21 September deadline for full business plans submission6 October semifinal in Sofia with presentations, announce winners and invite to USA24 October world final – 2 teams go to Berkeley, California
22 Application procedure Executive summaries round – August 14, 2006The jury will evaluate and select two teams from each participating country and invite them to semifinals in Sofia, October 6, 2006 with all costs for travel and accommodation covered.Semifinal round - September 21, 2006Competition in Sofia - October 6, 2006Teams will make powerpoint presentations in front of jury, guests and open audience.Jury will pick the two winning teams which will receive USD20,000 and USD10,000 respectively and will be invited to the finals in Berkeley, USA, with all travel and accommodation costs covered.
23 Application procedure SEND UP TO 14 August TO:COUNTRY_PROJECTNAME_application.doc/pdfCOUNTRY_PROJECTNAME_CVs .doc/pdfCOUNTRY_PROJECTNAME_summary.doc/pdf
24 1. APPLICATION FORM* PROJECT NAME COUNTRY (of origin or of residence for more than 2 years)TEAM MEMBER PROFILESTUDENT □ FACULTY □ Other:NAMEADDRESSEDUCATION (institution, degree, major)OCCUPATION (company/institution, position)WORK EXPERIENCE (if any: company/institution, position, years)SKILLS:TECHNICAL SKILLS:LANGUAGESOTHER* To be filled for each key team member
25 2. CVs of the team members NAME EDUCATION OCCUPATION WORK EXPERIENCE SKILLSTECHNICAL SKILLSLANGUAGESOTHER
26 3. EXECUTIVE SUMMARY * Project title Summary: technology innovation, idea, objectivesMarket opportunity: market size (approximate or calculated, expected), market niche, target group, competitors, barriers to entryProduct: description, development* The suggested template is only optional and recommended rather than required. It is key to follow the logic of your ideas.
27 3. EXECUTIVE SUMMARY – cont Sales and marketing strategyTeam: overview of key membersBusiness model: financial highlights, summary of projected income, revenue, profit for 5 yearsFunding: strategy, required amount, rate of returnExit strategy: if any* The suggested template is only optional and recommended rather than required. It is key to follow the logic of your ideas.
28 BUSINESS PLAN TRAINING PART IIIBUSINESS PLAN TRAINING