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2011 Competition Kick-off November 16. Overview. Welcome and Introductions Business Plan Competition Benefits Competition Rules for Qualification and Judging Criteria Competition Categories and Awards How the Competition Works How to Register & Concept Papers Competition Schedule
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2011 Competition Kick-off November 16
Overview • Welcome and Introductions • Business Plan Competition Benefits • Competition Rules for Qualification and Judging Criteria • Competition Categories and Awards • How the Competition Works • How to Register & Concept Papers • Competition Schedule • What’s New This Year: Prosperitas and TechPortal Awards • Wrapping It All Up / Q&A • Networking Session
Business Plan Competition Benefits • Key skill to have whatever you do in life • Develop analytical and team building skills • Consummate networking opportunity • Over $36,000 in awards • Become part of the deal flow for TCA, Calit2 TechPortal and the Irvine Incubation Center • Vator.tv People’s Choice Poll • 4 great skills workshops taught by experts in their fields • Team coaches for semi-finalist teams • Establish a presence through Vator.tv • It’s fun
Who Can Participate & How Do I Form a Team? • Open to all UCI students, staff and researchers • Each team must have of at least 3 members • Each team must have at least 2 full time, currently registered UCI students • One team member must be a Merage student • Competition managed through www.vator.tv • Team networking primarily through www.vator.tv • Rules and regulations at: merage.uci.edu/go/bpc • Competition flyer and wallet calendar available
Judging Criteria • 40% - Quality of business plan • Executive Summary & Company Overview • Products or Services • Market Need • Market Potential for Your Product or Service • Competitive Advantage • Management • Financial Forecasts • 40% - Impact of Presentation • Provide evidence of a market • Provide evidence of ability to execute • Provide evidence of a return on investment • 20% - Judges’ assessment of idea potential
2010 Business Plan Competition Awards • Overall Competition Awards: • $15,000 First Place Award • $7,500 Second Place Award • $2,500 Third Place Award • $2,750 Calit2 TechPortal Award • $2,000 Prosperitas Ideas to Action Award • Undergraduate Division Awards: • $2,500 Cash First Place Award • $1,500 Cash Second Place Award • $1,000 Cash Third Place Award • Best Undergraduate Concept Paper • Vator.tv People’s Choice Poll: • $1,500 People’s Choice Award
Marshel Sheperd Helios Optics Solutions 1st Place, Overall Competition Team Members Kaveh Azartash Peter Li Ryan Setzer Marshel Sheperd Goran Matijasevic, Coach
How Does It Work? 2 3 1 Upload Concept Paper to Vator.tv by February 7 Attend Workshops 4 Register Team on Vator.tv By January 7 7 Semi-Finalists Selected and Coach Assigned February 24 Winners Announced May 20 5 6 Upload finished Business Plan to Vator.tv by April 18 Present Business Plan On May 20
Steve Yu Business Plan Competition Program Manager Don Beall Center
2. Confirm by E-Mail 1. Fill out Information Register on Vator.tv
1. Click Create Company Profile 2. Start your Startup Company Create Your Team 3. Fill out Info
Click Add Profile Admin Add Team Members Enter Team Member E-Mails
Click Start a Conversation Start a Conversation Enter Your Message!
Upload a Video or File Upload Files Upload Content
Browse to the File Upload Files cont. Files Appear Here!
Concept Paper Phase Key Dates: • Registration Deadline Jan 7 • Workshops and Presentations • Assessing the Market Jan 12 • How to Develop a Winning Concept and Lead Your Team to Success Jan 26 • DeadlineConcept Papers Due Feb 7
Business Plan Phase Key Dates: • Up to 20 Finalist teams Chosen Feb 24 • Matched with coach/mentors • Additional Workshops and Presentations • -How to Write a Business Plan Mar 2 • -Presentation Skills for Pitching Investors Apr 20 • Business Plans Due Apr 18 • Elevator Pitch Video Taping May 3 • Final Presentations and Awards May 20
Matt Baldy SkyeRite 2nd Place, Overall Competition Team Members Matt T. Baldy Matt Law Yves Pitteloud Jean Shahdadpuri Christy White Sam Wu, Coach
New This Year!! Prosperitas Ideas to Action Award • Prosperitas -- the latin term for "hope" and "success" • A unique community on campus where successful innovators and leaders meet to ignite ideas, create connections, and raise awareness • 1 team chosen for the $2,000 Ideas to Action Award • Team not only has a great idea but has a great actionable plan
Calit2 TechPortal Award New This Year!! • TechPortal, a business technology incubator in the Calit2 Building • Serves as a gateway to commercial viability for UCI-based startup • Offers affordable space, access to facilities and services, and mentoring • Calit2 TechPortal Award goes to the BPC first place winner • 6 months free tenancy worth $2,750
Manas Bhat nStem Tech Coast Angels Invitational Wildcard Winner Team Members: Adam Dao Manas Bhat Dr. Yen Peng Kong Dr. Chee (Duncan) Liew Kevin Zanjani Craig Jack, Coach
Vator.tv People’s Choice Poll • $1,500 Award to 1st Place Team • Each semi-finalist team submits a 30 second “elevator pitch” and 150 word summary • Another great way to promote your team
Summary • Unique opportunity to learn about starting a business • Over $36,000 in cash prizes • New this year: Prosperitas Ideas to Action and Calit2 TechPortal awards • Register at www.vator.tv January 7, 2011 • Concept Papers Due February 7, 2011 • 4 Workshops in start-up skills • Final Presentations and Awards on May 20, 2011
Where to Get Information Find rules and regulations at: merage.uci.edu/go/bpc Charlie Baecker, Administrative Director Don Beall Center for Innovation & Entrepreneurship 949-824-1172 cbaecker@uci.edu Steven Yu Manager, Business Plan Competition (626)524-6504 steveny1@uci.edu Q&A
Nupur Jain Merage Entrepreneur’s Association
Team Networking • For Teams Looking for Talent • Form line up front, describe your team in 30 seconds • Meet in one of the four corners to talk • For Talent Looking for Teams • Listen to the team presentations • Meet in one of the four corners to talk