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Business Plan Competitions

Business Plan Competitions. Proposed December 3rd Agenda. Opening/introductions: Overview of the Business Plan Competition process Review of the opportunities, how to register, and the role of Zell Lurie Putting together a team, a plan, and a pitch (EVC): Break/Food

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Business Plan Competitions

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  1. Business Plan Competitions

  2. Proposed December 3rd Agenda • Opening/introductions: • Overview of the Business Plan Competition process • Review of the opportunities, how to register, and the role of Zell Lurie • Putting together a team, a plan, and a pitch (EVC): • Break/Food • Presentation of a "live" business plan • Live critique and questions       • Panel: Jeff Wilkins (Mobius), Profs. Lawler and Brophy, Predrag Sukovic • Conclusions and Reminders: • Total duration: 1.5 hours

  3. Key Dates • December 3 – Kickoff and Mixer • December 15 – Intent to compete forms • Submit to ZLI/EVC • For all competitions • January 17th • FuturTech “Quick Pitch” Competition • Pryor-Hale Biz Plans due • later that week, finalists selected by ZLI for Pryor Hale • January 24th - Practice run for Pryor-Hale finalists • February 3rd - Biz plans due for NSVC • February 7th - Pryor Hale Competition

  4. Competitions Galore! • January 17 - University of Michigan - FuturTech Quick Pitch • January 31 - Harvard Business School - AASU 4th Annual • February 7 - University of Michigan - Pryor Hale Business Plan Competition • February 14 - Wake Forest University - KACE Competition • February 21 - Indiana University - Spirit of Enterprise • February 28 - University of Nebraska, Lincoln - infoUSA Business Plan Comp. • March 21 - Wake Forest University - The Elevator Competition • March 21 - Ball State & Syracuse Universities - Enterprise Creation Comp. • March 27 - San Diego State University - Venture Challenge

  5. More Competitions • April 3 - Rice University - Southwest Business Plan Competition • April 10 - University of Oregon - New Venture Championship • April 10 - University of North Carolina - Venture Capital Investment Competition • April 11 - University of California, Berkeley & Columbia University • National Social Venture Competition • April 18 - Colorado State University - Venture Adventure • April 2003 - Business Plan Challenge - MBA Jungle • April 30 - University of Texas, Austin - MOOT CORP. Global Competition • July 2003 - Stanford University - Global Entrepreneurs Challenge

  6. How to Get Started • Talk up your interest – your idea • Find professors and colleagues who are willing to listen, help, or team up with you • Find examples • See EVC website in coming days • Build a business concept paper • (see next slide) • Be ready to change/adapt

  7. Business Concept Paper • Name! • Overview • One paragraph • Elevator speech! • Market • Keep as independent of product idea as possible • Only a few paragraphs • Product or Service Concept • Competitive Advantage • What advantage your concept offers • What the competitors or substitutes offer • Why your idea is still better • Team • You • Who else will you need (describe)

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