$25,000 + in startup support services and cash grants
Fall semester deadline: Thursday, November 19. Finalists will be posted Wednesday November 25. at 5:00 pm.
The first step in the entry process will be to create a user name and password. This will enable you and your team members to return to revise your draft summary prior to submitting. The judges will only consider information contained in the online application. Do not send supplemental material.
Finals (3-minute PowerPoint pitches plus Q&A.) Parents, classmates and friends are welcome to attend.
Spring Semester: Friday, December 11, at 1:00 pm, in New Haven. Finalists may present a Business Plan Executive Summary or a Business Model Canvas. (See next page for judging criteria.)
Business Plan Competition Prizes: All entrants will receive candid feedback from a business financing expert on their on-line executive summary. Press releases announcing the finalists and winners will be sent to the media. Cash and cash-equivalent service awards are granted to the student companies; trophies are awarded to the schools. Checks will be made out to the company and winners will need to provide an FEIN or SSN of the team leader. Categories:
Best Business Plan/Model – Venture Enterprise **
Best Business Plan/Model – Service Business **
Best Business Plan/Model – Social Enterprise
Best Consumer Product
Best Oral Presentation
Best Online Submission (written Executive Summary)
- The team leader and primary presenter must be a student at a Connecticut college or university during the current academic year. (Entries may be submitted by individuals or teams.) In keeping with the spirit of the competition to foster entrepreneurship, neither plans written for outside companies as student projects nor plans written on behalf of a company not student-owned and conceived are eligible.
- Teams must have a faculty adviser from the submitting institution .
** Service businesses typically are smaller, have a limited or local market, and serve small businesses or consumers. Venture enterprises are generally higher risk, scalable, and require more capital but have higher potential returns. This is often a judgment call as many businesses have characteristics of both. The decision of the judges is final.
New Venture Capital Investment Competition (VCIC). Schools are invited to enter teams of finance majors, and other students interested in equity investment, to decide how they would allocate $100,000 among the business plan finalists. A trophy will be awarded to the team and school that recommends the most astute portfolio—including investment terms—in the opinion of investment industry judges. Finance teams will have access to written executive summaries in advance and are invited to conduct due diligence prior to the finals. The winning team will advance automatically to the regional finals of the national VCIC competition where they will evaluate post-rev companies seeking venture capital. To enter the VCIC competition, the faculty adviser or team leader is requested to submit the names and email addresses of the team members to Roer@EntrepreneurshipFoundation.org by Friday, November 13.
Click here to view the judging criteria.