Eleven made it through the various stages of judging to Monday's final round of presentations.
Screening Round The Screening Round takes place online, and is the first major hurdle for students participating in the Business Plan Competition.
Student teams submit their business plan executive summaries online.
Over the course of a weekend, each business plan executive summary is read and scored by eight to ten judges who are encouraged to provide written feedback for students. After the Screening Round, an announcement of teams advancing to the Investment Business plan competition youtube is sent via email.
Please also review the submission checklist. Scoring based on 1 lowest to 5 highestwith 3 being of the caliber to advance to the next round Overall Impression of the Executive Summary Does the summary adequately describe the idea — does the idea make sense?
Has the team adequately described the pain in the marketplace? Do you believe the team has presented a feasible solution?
Is the summary well written and succinct? Does the summary create excitement? Management team Does this management team have the skills required to execute the plan?
Does this team have the experience to lead a new venture? Market opportunity Have they adequately described the market and economic opportunity? Have they clearly stated their value proposition? Is it a viable model?
Competitive strategy Has the team completely analyzed its competitive space? Does the team have an adequate strategy for defending their market position? Go to market strategy Is it clear how the company will reach its initial customer? Does the summary clearly identify a sales strategy?
Is the distribution plan clearly defined and reasonable? Has the company booked any revenue? Financials Are the financials consistent with the overall plan? Are the assumptions realistic? Are contingencies and exit strategies addressed?
At the end of the event, investment dollars are collected and tallied. We also tell them: Does this business seem well thought out?
Has the team demonstrated knowledge of the industry and potential customers? Is there a real opportunity here? Has the team answered your questions?
Coaching Round The Coaching Round is a noncompetitive round in which no teams are eliminated. This round gives teams the opportunity to practice their presentations in front of a panel of coaches from the local entrepreneurial community.
This round is designed to provide teams with in-depth and constructive feedback that they can use to hone their business plans and pitches prior to the Sweet 16 and Final Rounds. Sweet 16 Round and Final Round After honing their presentations in the Coaching Round, each of the sixteen remaining teams is assigned to present to one of four panels of judges.
Judges select the advancing teams based on the following criteria: What are the team dynamics? What is the quality of the team? Does the team demonstrate the ability to execute on its plan? Student-driven teams are a plus. Opportunity size is a plus, but not the primary concern 3. Is the business model viable, well-articulated, and reasonable?
Did the team make a quality presentation? After all presentations are finished, judges will discuss the merits of each of their four teams and by process of consensus select one or two teams to go on to the Final Round in the afternoon.
The Final Round is open to viewing by all competition participants, faculty, students, and the public. The judges reach their decisions about team ranking by consensus using the same criteria as the Sweet 16 judges.Business Plan Competition for New York-based startup entrepreneurs. Entrants can win $15, to start their business, as well as gain practical insights about starting and growing a business, while using the comprehensive small business resources at NYPL’s Business Library (SIBL).
Rensselaer startup Dual:Lock has won this year’s New York Business Plan Competition (NYBPC) and a $, grand prize. The startup is the creator of an external gun retention system allowing safe and fast access to a loaded weapon through biometric sensor technology. Give your transportation business a leg up on the competition by writing a winning business plan. Get a head start by checking out these sample business plans for the airline and aviation industry, trucking, freight, taxi and limousine services. Feb 07, · A Monterey Bay Regional Business Plan Competition is underway with hopes to spur up development around the Central Coast. Since a majority of the .
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YouTube is the number one video-sharing site on the web. The site popularity can drive higher ranking in search results on Google. Plus, the opportunity for discovery through related videos and search terms give it a strong reputation. The team’s submission, which outlined their plan to increase winter sales of Ben & Jerry’s, a Unilever brand, had also earned them a Top 10 ranking in the competition, and placement in the final round, scheduled to take place two months later.