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2011-2012 University of Dayton Business Plan Competition Information Session September 9, 2011 Presented by: Diane Sul

2011-2012 University of Dayton Business Plan Competition Information Session September 9, 2011 Presented by: Diane Sullivan. A Special Thanks to our Sponsors. L. William Crotty Goudreau Family Foundation Ron McDaniel The Cressy Foundation The Conner Group

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2011-2012 University of Dayton Business Plan Competition Information Session September 9, 2011 Presented by: Diane Sul

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  1. 2011-2012University of Dayton Business Plan CompetitionInformation SessionSeptember 9, 2011Presented by: Diane Sullivan

  2. A Special Thanks to our Sponsors • L. William Crotty • Goudreau Family Foundation • Ron McDaniel • The Cressy Foundation • The Conner Group • University of Dayton National Alumni Association

  3. Presentation Overview • The Three Stages of the Competition • Prize money • How the Competition Works • Key dates • Competition Eligibility and Rules

  4. UDBPC has Three Stages • Stage 1: The Elevator Pitch Stage • Enter at www.udbpc.com by completing a one-page online application • Entrants get a free copy of Business Plan Pro (valued at $99.95!!) • Present a one minute elevator pitch about the business concept • Judges select top 10 oral presentations • Judges also select 15 semi-finalists, which move on to the second stage • Stage 2: The Cameo Round • 15 Semi-finalists write a 2-3 page “mini business plan” and have five minutes to present their business • Judges select five finalists • Stage 3: The Finals • Five finalists write a full business plan • Finalists present their business plans for 20 minutes at the competition finals

  5. $80,000 Total Cash Prizes!

  6. Plus a chance for even more money! • Top three finalists will be invited to pitch The Connor Foundation Seed Fund for an additional $50k investment! • We also network our finalists to other competitions and potential investors as well

  7. How the Competition Works • Three stage competition • Solo or team effort (teams 1-8 in size) • Entries that advance to the Cameo round can add team members • Each person may be listed on a maximum of two entries • However, each person can only be on one finalist team • First two stages open to everyone • Finalist round must include current UD student or UD Alumni

  8. Details on Stage 1: The Elevator Pitch Competition • An Elevator Pitch is a one minute presentation where you • Present your idea • Cover general areas of the business: • Hook/problem statement that grabs the audience’s attention • Description of the product/service • Description of the target market • Description of how the business is different from competitors • Description of how you make money • Description of the resources needed from investors • Description of the returns the investor can expect • Tagline/pitch closing • Judges do not ask you questions

  9. What do the Elevator Pitch judges look for? • Growth potential • Ability to execute • Quality of benefits provided • Competitiveness • Novelty/cleverness/usefulness • Quality of presentation

  10. Details on Stage 2: The Cameo Round • 15 semi-finalists move on to the Cameo Round • Semi-finalists prepare a 2-3 page mini business plan and present their mini plan to judges in a 5-minute presentation and 5-minutes of Q&A • Mini business plan and presentation will cover 5 areas: • Industry description and how the business will operate • Description of the competition and how they compare to your business • Description of the benefits the entry provides • Description of how you plan to enter the market, and your marketing strategy • Description of your team is uniquely qualified to execute this business now

  11. Details on Stage 3: The Finals • Finalist teams notified on December 2, 2011 • Teams are paired with mentors • Each team given 15 hours of mentor time • Finalists prepare a full business plan • Finalists present their plan in a 20-minute presentation with 10-minutes of Q&A in March 2012 • Winners are announced at the Entrepreneurship Banquet in April 2012

  12. UDBPC Application Process • Enter at www.udbpc.com • Application system opens Monday, September 12, 2011 • Application system closes Saturday, October 15, 2011, 5:00pm • Application asks for • Demographic information about team members • Brief description about the business concept • Judges will read this information before hearing the pitches on Saturday, October 29, 2011

  13. UDBPC Key Dates • September 12th: Online application system opens (www.udbpc.com) • October 15th: Application deadline • October 29th: Stage 1—Elevator Pitch round • November 19th: Stage 2—Cameo round • December 2nd: Finalists announced • March 10th (tentative): Stage 3—Finals round • April 10th (tentative): Final results announced

  14. Competition Eligibility and Rules • Eligibility • Anyone may enter up to two plans, but can only be a finalist once • Students cannot be serving a University suspension during the competition • Rules • Work must be original and plans will be checked for plagiarism • Business must be a start-up that is 30 months old or new as of UDBPC launch • Business must be a start-up that does not involve purchasing an existing venture • Business cannot involve pyramid-based marketing • Entries must be legal and must not violate the values and mission of the University • Business cannot require a liquor license to be legal, and its primary purpose cannot be the promotion or sale of alcohol

  15. Contact Information Diane SullivanUDBPC Competition Director937-229-3705sullivan@udayton.edu Dean McFarlinManagement/Marketing Dept. Chair937-229-4928mcfarlin@udayton.edu www.udbpc.com

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