Presentation is loading. Please wait.

Presentation is loading. Please wait.

2014-2015 University of Dayton Business Plan Competition Information Session September 12, 2014 Presented by: Vince Lewis.

Similar presentations


Presentation on theme: "2014-2015 University of Dayton Business Plan Competition Information Session September 12, 2014 Presented by: Vince Lewis."— Presentation transcript:

1 2014-2015 University of Dayton Business Plan Competition Information Session September 12, 2014 Presented by: Vince Lewis

2 A Special Thanks to our Sponsors UD National Alumni Association UD Center for Professional Selling UD School of Law, Entrepreneurship and IP Clinic

3 Presentation Overview The Three Stages of the Competition Prizes How the Competition Works Key dates Competition Eligibility and Rules

4 UDBPC has Three Stages Stage 1: The Elevator Pitch Stage –Enter at www.udbpc.com by completing a one-page online applicationwww.udbpc.com –Each Team gets a free access to LivePlan (valued at $180!!) –The Applications are reviewed by a panel of judges, the top 50: Present a one minute elevator pitch about the business concept Judges select top 10 oral presentations Judges also select 10 semi-finalists, which move on to the second stage Judges also select the top Green Technology and Social Enterprise Initiatives Stage 2: The Cameo Round –10 Semi-finalists write a five page “mini business plan” and have five minutes to present their business Judges select five finalists Stage 3: The Finals –Five finalists write a full business plan –Finalists present their business plans for 20 minutes at the competition finals

5 $80,000 Total Cash Prizes! PrizeElevatorCameoFinalist 1 st Place$1,500. 00 $1,000. 00 $25,000. 00 2 nd Place$1,000. 00 $15,000. 00 3 rd Place$500. 00 $1,000. 00 $10,000. 00 4 th Place$500. 00 $1,000. 00 $5,000. 00 5 th Place $250. 00 $1,000. 00 $5,000. 00 6 th -10 th (Elevator & Cameo only) $250. 00 $1,000. 00 Best scoring Green Technology Initiative (Elevator Round Only) $2,500. 00 Best Scoring Social Enterprise Initiative (Elevator Round Only) $2,500. 00

6 But wait…for the 2014-2015 UDBPC, there’s more!! UD Law School's Entrepreneurship and IP Clinic providing –All finalist teams win 10 hours of free legal advice and support –Top 3 winners win 15 additional hours of free legal advice and support UD School of Business Center for Professional Selling providing –First place team wins 2 hours of professional sales consulting

7 How the Competition Works Three stage competition Solo or team effort (teams 1-8 in size) –Entries that advance to the Cameo round can add team members Each person may be listed on a maximum of two entries –However, each person can only be on one finalist team First two stages open to everyone Finalist round must include current UD student or UD Alumni

8 Details on Stage 1: The Elevator Pitch Competition An Elevator Pitch is a one minute presentation where you –Present your idea –Cover general areas of the business: 1.Hook/problem statement that grabs the audience’s attention 2.Description of the product/service 3.Description of the target market 4.Description of how the business is different from competitors 5.Description of how you make money 6.Description of the resources needed from investors 7.Description of the returns the investor can expect 8.Tagline/pitch closing –Judges do not ask you questions

9 What do the Elevator Pitch judges look for? 1.Growth potential 2.Ability to execute 3.Quality of benefits provided 4.Competitiveness 5.Novelty/cleverness/usefulness 6.Quality of presentation

10 Details on Stage 2: The Cameo Round 10 semi-finalists move on to the Cameo Round –Semi-finalists prepare a 5 page mini business plan Present mini plan to judges in a 5-minute presentation 5-minutes of Q&A with judges –Mini business plan and presentation will cover 5 areas: 1.Industry description and how the business will operate 2.Description of the competition and how they compare to your business 3.Description of the benefits the entry provides 4.Description of how you plan to enter the market, and your marketing strategy 5.Description of how your team is uniquely qualified to execute this business now

11 Details on Stage 3: The Finals Finalist teams notified on or about December 1, 2014 Teams are paired with mentors –Each team given 15 hours of mentor time Finalists prepare a full business plan Finalists present their plan in a 20-minute presentation with 10- minutes of Q&A on March 22, 2015 (tentative) Winners are announced at the Entrepreneurship Banquet in late March or early April 2015

12 UDBPC Application Process Enter at www.udbpc.comwww.udbpc.com Application system opens Saturday, September 13, 2014 Application system closes Wednesday, October 08, 2014, 5:00pm Application asks for –Demographic information about team members –Brief description about the business concept Judges will read this information and evaluate to select the top 50 entrants

13 UDBPC Key Dates September 13 th : Online application system opens (www.udbpc.com)www.udbpc.com October 8 th (5:00pm): Application deadline October 25 th : Stage 1—Elevator Pitch round November 22 nd : Stage 2—Cameo round December 1 st (approx.): Finalists announced March 22 nd (tentative): Stage 3—Finals round March/April (TBD): Final results announced

14 Competition Eligibility and Rules Eligibility –Anyone may enter up to two plans, but can only be a finalist once –Students cannot be serving a University suspension during the competition Rules –Work must be original and plans will be checked for plagiarism –Business must be a start-up that is 30 months old or newer as of UDBPC launch –Business must be a start-up that does not involve purchasing an existing venture –Business cannot involve pyramid-based marketing –Entries must be legal and must not violate the values and mission of the University –Business cannot require a liquor license to be legal, and its primary purpose cannot be the promotion or sale of alcohol

15 Contact Information Vince Lewis UDBPC Competition Director 937-229-3550 vlewis1@udayton.edu Jay Janney Management/Marketing Dept. Chair 937-229-2975 jjanney1@udayton.edu www.udbpc.com


Download ppt "2014-2015 University of Dayton Business Plan Competition Information Session September 12, 2014 Presented by: Vince Lewis."

Similar presentations


Ads by Google