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Thank you to our Platinum Sponsor : The Gary Karlin Michelson, M.D. Charitable Foundation Inc.

Thank you to our Platinum Sponsor : The Gary Karlin Michelson, M.D. Charitable Foundation Inc. Wharton Business Plan Competition. Competition Overview Why Take Part? Phases and Timelines Competition details FAQ Q&A. The WBPC has two programs to achieve objectives. 1. Objectives.

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Thank you to our Platinum Sponsor : The Gary Karlin Michelson, M.D. Charitable Foundation Inc.

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  1. Thank you to our Platinum Sponsor: The Gary Karlin Michelson, M.D. Charitable Foundation Inc.

  2. Wharton Business Plan Competition Competition Overview Why Take Part? Phases and Timelines Competition details FAQ Q&A

  3. The WBPC has two programs to achieve objectives 1 Objectives Mentoring and Education • Encourage entrepreneurship and innovation across the Penn community • Workshops on ideation, teambuilding, library resources, and others… • Help us identify the topics that are most useful for you! • Help develop business plans and teams 2 • Provide opportunity for business plan refinement (pitch practice, feedback from VC’s) Competition • Phases II–IV of the competition • Judges select 1 ultimate winner from 200+ submissions • Help launch some very exciting businesses!

  4. Why take part?

  5. Over $100,000 in prizes • Grand Prize: $30,000 • Second Prize: $15,000 • Third Prize: $10,000 • Undergrad Prize: $10,000 • Top 3: $10,000 each in in-kind legal and $5,000 in in-kind accounting services • People’s Choice: $3,000 • Committee Awards: $1,000 each

  6. Competitive Phases & Timeline • Phase I: November • Non-competitive round • 500 words • Wharton/Penn community provides input on submissions • Contact teams you are interested in joining • Phase III: March 15 • Semi-finals • Full business plan & closed door pitch (Mar 22) • Compete vs. others in track (this phase only) • Final 8 advance to finals Nov 2012 Dec 2012 Jan 2013 Feb 2013 Mar 2013 Apr 2013 • Idea GenerationWorkshop: Mon, Nov 5 @ noon, JMHH 255 • Phase II: Jan 25 • First competitive round • 2,000 word business overview • Teams self-select into one of three tracks • IT/Healthcare/Other • Top 25 teams advance • Phase IV: April 24 • Venture Finals • Final 8 present live to a panel of judges and peers • Various cash and prizes • Idea Submission: Nov 5th- Nov 14th • Community Comment Period: Nov 15th-Nov 29

  7. Who can join the competition? Any UPenn student Any major, background and experience Non-Penn can participate BUT the team lead must be at UPenn and actively engaged in the development and management of the venture

  8. JudgingCriteria • Proposed Product/Service and Market Opportunity (Weight: 33%) • Is the value proposition sound? • How original, innovative and thoughtful is the proposed product/service? • Is the value proposition articulated clearly and evaluated comprehensively? • Revenue Model and Financial Projections (Weight: 33%) • Do the financial projections reflect an understanding of the economics and potential growth opportunities or downside risks for the business? • Are the financial projections comprehensive and realistic? • Is the revenue generation plan logical and comprehensive? • Execution Plan (Weight: 33%) • Is the business operationally feasible? • Is the capital requested sufficient to achieve stated milestones? • Do the founding team members have sufficient expertise? For additional details visit: http://bpc.wharton.upenn.edu/phaseiiquestions.html

  9. 2011-2012 Winners Eric Heil & Matt Tanzer Team Members: RightCare Solutions WEMBA-East Class 36 Michelson Grand Prize RightCare Solutions decision tool to identify, during admissions process, patients at high-risk for readmission Second Prize 1DocWay online doctor’s office connecting hospitals with underserved patient populations via secure video platform Third Prize Calcula medical devices for the removal of kidney stones without anesthesia

  10. 2010-2011 Grand Prize Winning Team Stylitics

  11. 2010-2011 3rd Prize Team baby.com.br 2008-2009 Semi-finalist Warby Parker

  12. Visit us Contact us whartonbpc@wharton.upenn.edu http://bpc.wharton.upenn.edu @WhartonEntrep

  13. FAQs & CONCERNS • I am concerned that someone is going to steal my idea • Is there a minimum or maximum number of team members allowed for a venture? • Can I see examples of plans that have won the competition in the past? • My business is already generating money, can I still enter? • I have already received some angel funding, can I enter? • If I win, do I have to invest the prize money in my business?

  14. FAQs & CONCERNS (cont…) • Can I enter more than one idea into the competition? • What types of business entities are acceptable for submission? • Do I have to participate in the Advisory Phase to be eligible to participate in the Competitive Phase? • I have an idea, but need team members – how can I find them? ORI don’t have an idea, but I’m a whiz at financial statements and want to join a team

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