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Johns Hopkins University Business Plan Competition

Johns Hopkins University Business Plan Competition. Johns Hopkins University Business Plan Competition Sponsors. Center for Leadership Education, Whiting School of Engineering Carey Business School Medtronic, Inc. Becton, Dickinson and Company (BD)

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Johns Hopkins University Business Plan Competition

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  1. Johns Hopkins University Business Plan Competition

  2. Johns Hopkins University Business Plan Competition Sponsors Center for Leadership Education, Whiting School of Engineering Carey Business School Medtronic, Inc. Becton, Dickinson and Company (BD) The Lynn C. and Joseph R. Reynolds, Jr. Entrepreneurship Fund Dr. Shirley Yang Hopkins Student Group Sponsors Hopkins Social Innovations Partnerships Alpha Kappa Psi Hopkins Biotech Network Hopkins Medical Device Network Hopkins Student Enterprises

  3. Johns Hopkins University Business Plan Competition Overview • First launched in the 1998 - 1999 academic year by the W.P. Carey Program in Entrepreneurship and Management (now part of the Center for Leadership Education), started as a competition just for full-time undergraduate students. • The competition is now open to all full-time, part-time, and post-doc students from any of the academic divisions of the University. • Highly qualified judges from a variety of business fields are selected to evaluate students’ executive summaries, business plans and presentations. Categories • Each business plans may be submitted to only one of the following categories: • Life Sciences (includes Biotechnology and Medical Devices) • General Business • Social Enterprise

  4. Johns Hopkins University Business Plan Competition Prizes Money General Business Category 1st Place - $6,000 2nd Place - $4,000 3rd Place - $2,000 Runners Up - $250 Life Science Category 1st Place - $6,000 2nd Place - $4,000 3rd Place - $2,000 Runners Up - $250 Social Enterprise Category 1st Place - $6,000 2nd Place - $4,000 3rd Place - $2,000 Runners Up - $250

  5. Johns Hopkins University Business Plan Competition Rules Participation • At least one team member has to be an enrolled student (either full-time or part-time) in one of the academic divisions at Johns Hopkins University. • Student can enter as an individual or with other team members. • If the team consists of non-Hopkins members, the Hopkins' student(s) must participate in the presentation if the team makes it to the semi-finals and finals. Pre-Existing Companies • Teams may submit business plans for pre-existing companies, provided that: • The company is pre-profit • The company has received less than $10,000 in outside investment. Re-Entering the Competition in the Future • Business plans that have placed first, second, or third in any category in any previous years of the Hopkins' Business Plan Competition may not re-enter, even if the plan has been substantially changed.

  6. Johns Hopkins University Business Plan Competition Key Dates • Initial Round • Sunday, March 4, 2012: Executive Summaries due (up to 5 pages) • Monday, March 19, 2012: Top 8 teams in each category are announced • Final Round • Friday, March 30, 2012: Written business plans are due (up to 20 pages) • Wednesday, April 25, 2012: Updated business plans are due • Friday, April 27 2012: Formal presentations • 7 Minute Presentation • 8 Minute Question & Answer by the judges

  7. Johns Hopkins University Business Plan Competition Initial Round - Executive Summary • Sample Structure (up to 5 pages) • Company Profile • Industry – describe the main activity of your business • Stage of Development - describe where your product or service stands in overall progress. • Opportunity - describe the problem you have identified that your product or service will address. •  Product/Service Offering - describe how your product or service solves the problem you have identified. • Business Model • Describe the process by which your company will generate revenues and turn a profit from your product or service. • Market Overview • Describe your market (e.g. size of the market and the growth rate of the market). • Customer Profile • Describe your target customer, based on the market niche to which your company will cater. • Competition Overview • Describe the types of companies and products your company will face in your target market. • Competition Advantage • Describe why the products or services offered by the company are better than competing offerings. • Operations • Provide the work plan of the business • Financials • Summarize the overall financial plan (it can be in the format of a detailed budget).

  8. Johns Hopkins University Business Plan Competition For more information: Access Official Website: http://www.jhu.edu/bpc/ or http://www.jhucompetition.org To email questions, contact: Pam Arrington parring2@jhu.edu

  9. Johns Hopkins University Business Plan Competition Any Questions ?

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