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Submitted by: (name) Email: Telephone:

(NAME OF BUSINESS or Concept) . Submitted by: (name) Email: Telephone:. Spring 2012 Business Concept Competition. Problem to Solve/Opportunity. Describe your problem and why it has commercial potential. Scoring criteria (shown in order of importance): Readily definable problem

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Submitted by: (name) Email: Telephone:

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  1. (NAME OF BUSINESS or Concept) Submitted by: (name) Email: Telephone: Spring 2012 Business Concept Competition

  2. Problem to Solve/Opportunity • Describe your problem and why it has commercial potential. • Scoring criteria (shown in order of importance): • Readily definable problem • Clearly defined and affected market(s) • Highly compelling solution • People will clearly pay to have problem solved

  3. My Solution (product or service) • Describe your proposed solution to the problem (your proposed product or service). • Scoring criteria (shown in order of importance) • Clearly defined solution/link to problem • Feasible product/service • If technical—there is existing or achievable technology • Lowest possible start-up cost • Fewest possible number of people to start up • No major circumstantial obstacles (e.g., legal)

  4. Why My Solution Will Work • Describe how your product or service solves the problem. • Scoring criteria (shown in order of importance) • Confirmation of need • Minimal/manageable competition • Ability to produce product/service • Short time to start up

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