In particular, this competition seeks to: Encourage entrepreneurially-oriented graduate and undergraduate students to develop and grow new ventures based on their own ideas and technologies. Provide the students with educational workshops to develop their ideas and pitch their ventures to investors.
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 Round 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 state business plan competition 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?If you are looking for a sample fish farming business plan template, here is a business plan for starting a fish farm and free feasibility report you can use.
Are you searching for a business plan sample for your fish farming business? This article presents you with a fish farming business plan sample that you can easily use as a template to write one for your business.
Special Video Projects: Pennsylvania FBLA will offer two special video projects this year for members to demonstrate their digital video skills and earn the right to attend the State Leadership Conference in April.
Project 1 will focus on promoting the state project, The Leukemia and Lymphoma Society. There will be a late November deadline. Enter the West Virginia Business Plan Competition The West Virginia Collegiate Business Plan Competition affords college students around the state the unique opportunity to make a business idea come to life with the support of state institutions of higher education and seasoned business professionals from around the country.
Oct 11, · After being selected from over applicants to become a Global Good Fund Fellow (GGF). I spent working alongside my GGF leadership development coach to create a personalized development plan.
The Texas Business Plan Competition, hosted by the Herb Kelleher Center for Entrepreneurship, Growth, and Renewal at the University of Texas at Austin is the premier statewide business plan competition for undergraduate students.
4 Generico, Inc. An Example of a Complete Business Plan THE COMPANY Generico, Inc. was founded in the summer of to address one of the major problems facing.