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2010 Competition Kick-Off November 17, 2009. Overview. Overview of the Beall Center Business Plan Competition Benefits Team Qualification and Judging Criteria Prizes and Awards Introduce Past Winners How the Competition Works and Registration Process
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2010 Competition Kick-Off November 17, 2009
Overview • Overview of the Beall Center • Business Plan Competition Benefits • Team Qualification and Judging Criteria • Prizes and Awards • Introduce Past Winners • How the Competition Works and Registration Process • TCA Seed Financing Invitational & Vator.tv People’s Choice Poll • Summary • Contact Information / Q&A
Don Beall Center for Innovation and Entrepreneurship MISSION The Center serves as thought leaders in the emerging discipline of innovation science and provides education, inspiration, and opportunity for our students to enhance their ability to successfully transform new ideas into business ventures. VISION Be the “Go-to-Guys” in Orange County for technology entrepreneurs looking for ideas, relationships, resources and investment.
Leveraging California’s Innovation Economy UCI Merage School of Business Talent, Insight & Passion The Don Beall Center for Innovation and Entrepreneurship World Class Intellectual Property Global Resources UCI Technology Entrepreneurs Business & Investment Community
Beall Center Programs Tech Coast Angels Seed Track Invitational SCOREOne-on-One Student Advisory Service
Business Plan Competition Benefits • Key skill to have whatever you do in life • Develop analytical and team building skills • Consummate networking opportunity • $30,000 in cash awards • Become part of our deal flow: TCA, VCPE, OCBIN • Vator.tv People’s Choice Poll • 4 great skills workshops taught by experts in their fields • Team coaches for semi-finalist teams • License of Business Plan Pro to each semi-finalist team • Potentially create your first job out of college • Establish a presence through YouNoodle • It’s fun • Bottom line: It’s about realizing your dreams
Beckman Laser Institute California Institute for Telecommunications and Information Technology (Calit2) Cancer Research Institute Center for Embedded Computer Systems Center for Hearing Research Center for Immunology Center for Neurobiology of Learning and Memory Center for Research on Information Technology and Organization Developmental Biology Center Institute for Brain Aging and Dementia Institute for Genomics and Bioinformatics Institute for Mathematical Behavioral Sciences Institute for Software Research Institute for Surface and Interface Science Reeve-Irvine Research Center Tu & Yuen Center for Functional Onco-Imaging Select UCI Research Units Select UCI Research Facilities • Cancer Genetic Network • Confocal Microscope • FACS-SCAN flow cytometer • General Clinical Research Center • Human Brain Imaging Facility • Infrastructure Array of Enhanced Nodes Supercomputer • Integrated Nanosystems Research Facility • Materials Characterization Center • Molecular Modeling Facility • Nuclear Magnetic Resonance Facility (NMR) • Proteomic analyses service • Protein Expression Facility • Protein Laser & Mass Spectrometry • Realtime Experimental Audio Lab (REALab) • Single Cell PCR Apparatus • Scanning Electron MicroscopeSEM, Ultra FESEM, FESEM/FIB Zeiss Center of Excellence • Transgenic Mouse Facility • Viral Vector Lab • X-Ray Crystallography
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.younoodle.com • Team networking primarily through YouNoodle • 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 Prizes and Awards • Overall Competition Prizes: • $15,000 First Place Prize and advance to Tech Coast Angels Seed Financing Invitational • $7,500 Second Place Prize and advance to Tech Coast Angels Seed Financing Invitational • $2,500 Third Place Prize and advance to Tech Coast Angels Seed Financing Invitational • 2 Wild Card teams advance to Tech Coast Angels Seed Financing Invitational • Best Concept Paper • Undergraduate Division Prizes: • $2,500 Cash First Place Prize • $1,500 Cash Second Place Prize • $1,000 Cash Third Place Prize • Best Undergraduate Concept Paper • Vator.tv People’s Choice Poll: • $1,500 People’s Choice Award
How Does It Work? 2 3 1 Upload Concept Paper to YouNoodle by February 8 (~50 Teams) Attend Workshops 4 Register Team on YouNoodle.com By January 8 (~90 Teams) 7 Semi-Finalists Selected and Coach Assigned March 1 (20 Teams) Winners Announced 5 6 Upload finished Business Plan to YouNoodle by April 19 Present Business Plan On May 21
How Does It Work? 2 3 1 Upload Concept Paper to YouNoodle by February 8 (~50 Teams) Attend Workshops 4 Register Team on YouNoodle.com By January 8 (~90 Teams) 7 Semi-Finalists Selected and Coach Assigned March 1 (20 Teams) Winners Announced 5 6 Upload finished Business Plan to YouNoodle by April 19 Present Business Plan On May 21
Concept Paper Phase Key Dates: • Registration Deadline Jan 8 • Workshops and Presentations • Assessing the Market Jan 13 • How to Develop a Winning Concept and Lead Your Team to Success Jan 27 • DeadlineConcept Papers Due Feb 8
Business Plan Phase Key Dates: • Up to 20 Finalist teams Chosen Mar 1 • Matched with coach/mentors • Additional Workshops and Presentations • -How to Write a Business Plan Mar 2 • -Presentation Skills for Pitching Investors Apr 21 • Business Plans Due Apr 19 • Elevator Pitch Video Taping May 4 • Final Presentations and Awards May 21
Tech Coast Angels Seed Financing Invitational • Tech Coast Angels is the largest seed financing organization in the US • 3 top teams invited to TCASFI automatically • 2 wild card teams invited to TCASFI as chosen by Angel judges • Invited teams are assigned an Angel coach • Each team has 12 months to prepare to present to Tech Coast Angels • Potential funding through staged financing
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 • Results revealed on May 21 • Another great way to promote your team
Summary • Unique opportunity to learn about starting a business • Over $30,000 in cash prizes • Top 5 teams advance to TCA Invitational • Register at www.younoodle.com January 8, 2009 • Concept Papers Due February 8, 2009 • 4 Workshops in start-up skills • Final Presentations and Awards on May 21, 2009
Next Steps • Join YouNoodle, begin forming your team • Complete team registration by Jan. 8 on YouNoodle • Attend Jan. 13 workshopAssessing the Market • Attend Jan 27 workshop on writing the concept paper • Executive Summary & Company Overview • Market size and growth • Ability to sustain competitive advantage • Management team • Three page maximum
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 Collin Paul Manager, Business Plan Competition 949-903-5575 cpaul@uci.edu www.merage.uci.com Q&A