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MEPC 2011-2012

MEPC 2011-2012. MEPC Information Session Peter A. Beerel. MEPC at a Glance. Founded via a generous $1M gift from Fariborz Maseeh Annual Business Plan Competition Business-Plan Boot-Camp Sessions Seasoned Mentors $50K Grand Prize Housed in the Viterbi School of Engineering.

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MEPC 2011-2012

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  1. MEPC 2011-2012 • MEPC Information Session • Peter A. Beerel

  2. MEPC at a Glance • Foundedvia a generous $1M gift from Fariborz Maseeh • Annual Business Plan Competition • Business-Plan Boot-Camp Sessions • Seasoned Mentors • $50K Grand Prize • Housed in the Viterbi School of Engineering

  3. Creating Life-Long Innovators • 15 Teams will be selected • Key team member must be VSoE student • 7 Biz-plan boot-camp sessions • Feasibility, market analysis, financials, the pitch • Lead by investor/business leader/entrepreneur • 1 Mentor • Each team gets at least one mentor • Mentor commits 4 hours per week • 5 Finalists • Present to panel of judges for $50K grand prize Support the innovators as well as the innovation

  4. Target VSoE Students • MEPC motivation and goal • Engineering innovation central to address of big challenges • Desire to support engineering innovators • Desire to support VSoE and USC • MEPC Rule • Each team must have as a key member a VSoE Student • VSoE student need not be team leader • Must be student at time of application • Teams can have faculty members • Teams can have members from other schools/communities

  5. Grand Challenges

  6. Last Year’s Finalists *Winner – see http://maseeh.usc.edu for presentation and biz-plan executive summary

  7. Last Year’s Finalists

  8. Team Rules • MEPC Team Rules • Ensure expectations about • Status of (proposed) company, including previous funding • Team composition • Originality of idea • For more details see • http://maseeh.usc.edu

  9. Participant Guidelines • MEPC Participant Guidelines • Ensure expectations about • intellectual property / conflict of interest • role of mentors / interaction with mentors • proprietary information • Participants must sign • Acknowledgements and Release From Liability • See maseeh.usc.edu for details

  10. MEPC 2011-2012

  11. Application Process • Team Information • Status of (proposed) company, including previous funding • Team member information • Originality of idea • Three page business summary • Executive summary of eventual business plan • A few additional questions • Make sure you cover what we need to see

  12. Engineering Entrepreneurship at USC • Theme of coordination and collaboration

  13. Team Formation • Team Formation • Note: Several Marshall MBA students already contacted me with interest in joining Viterbi teams • For now, email will be used to foster pairings • Get started early –USC Start-up Weekend • http://usc.startupweekend.org/

  14. More Q & A…

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