Business Plan Competitions AACSB Northeast Business School Deans’ Conference Presented by Dr. Irina Naoumova, Associate Prof. of Entrepreneurship

Barney School Annual Business Plan Competition The Competition Categories Individual students or groups compete against each other in two categories: Undergraduate Student Competition Graduate Student Competition Eligibility: University of Hartford students; if business plan is prepared in teams, University of Hartford student should be a leader of the team. Statistics: 117 students participated in 4 years; 108 business plans presented …is a mezzanine level competition to prepare students for the state, national and international competitions

Barney School Annual Business Plan Competition Competition Requirements  5-minute elevator presentation  Presentation to judges (angel investors, CT Innovations, CCAT, entrepreneurs)  Two finalists for each category present at Award ceremony  Business Plan Writing Software:  Business Plan Pro  LivePlan – online version Grow Businesses from the Bottom-Up

Barney School Annual Business Plan Competition Clinic Sessions  Management Team  Sales and Advertising  Partnering with Others  Growth and Exit Strategy  Business Plan Financials Barney Professors and Executives in Residence Grow Businesses from the Bottom-Up

CT Annual Business Plan Competition Organized by the Entrepreneurship Foundation Inc. and CT Innovations Barney Professors as Mentors More than $60,000 in Prizes Statistics: in 4 years – 15 participants; 6 finalists; one – 1 st place winner; one – 2 nd place winner

Unique Concept Online Format Unique Technology – LifeSize – connects 6 sites Judges from all participating countries Project coordinators from each country and each university Blog for participants Online International Business Plan Competition

PaloAlto (business plan writing software company) among sponsors: o LivePlan and downloadable versions for free for each participating team and mentor o 24/7 support of the company personnel (Chili) Unified requirements and business plan structure In English Time zone management Prizes used toward business idea implementation Online streaming Online International Business Plan Competition

Participating Universities Universidad Adolfo Ibáñez, Chile Athens University of Economics and Business, Greece The Hong Kong Polytechnic University, Hong Kong Alliance University, School of Business, India UCD Michael Smurfit Graduate Business School, Ireland National Technical University, “KhPI”, Ukraine University of Hartford, USA Online International Business Plan Competition

Participating Universities (cont.) Adeniran Ogunsanya College of Education, Lagos, Nigeria University of Turku, Finland Dnepropetrovsk State financial Academy, Ukraine Pontificia Universidad Catolica Del Peru – CENTRUM CATÓLICA National University of Tainan, Taiwan Kharkiv University of Humanities, Ukraine Open International University of Human Development, Ukraine Online International Business Plan Competition

Statistics: 5 continents Judges from 7 countries 2012 – 28 plans; 101 student 2011 – 21plan; 62 students 2010 – 13 plans; 40 students Great feedback from all students & judges & mentors Room for improvement and growth Online International Business Plan Competition Northeast Business Schools students are welcome to join us!