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NOVATech Competition

NOVATech Competition. Intel Berkeley Technology Entrepreneurship Challenge in Central and Eastern Europe. TURN INNOVATIVE IDEAS INTO REAL BUSINESS. Training Program PART I . INTRODUCTION Presentation of the NOVATECH competition initiative

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NOVATech Competition

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  1. NOVATechCompetition Intel Berkeley Technology Entrepreneurship Challenge in Central and Eastern Europe TURN INNOVATIVE IDEAS INTO REAL BUSINESS

  2. Training Program PART I INTRODUCTION • Presentation of the NOVATECH competition initiative • Presentation of the BG and International partners involved • Goals and objectives of the Novatech competition

  3. Training Program PART II COMPETITION • Rules of the competition • Calendar • Application procedure

  4. Training Program PART III BUSINESS PLAN TRAINING • Business planning fundamentals • Guidelines • Executive summary • Business plan • Financial analysis • Presentation to the venture capitalist • Examples • Discussion

  5. PART I INTRODUCTION

  6. NOVATECH competition initiative • NOVATECH Com is part of the IBTEC competition, organized by INTEL in cooperation with University of California, Berkeley http://www.entrepreneurshipchallenge.org http://www.ibtec.org

  7. GOALS AND OBJECTIVES • Foster technology based entrepreneurship in the region • Present innovative ideas to potential venture capitalists • Provide training and support the authors of technology innovative ideas • Provide the opportunity to win the prize of USD 10 000 or USD 20 000 and to present on the global competition in Berkeley

  8. PARTNERS • BG partners • BIMP • Sofia University • ICT Cluster • International partners • ROMANIA: Institutul National pentru IMM • HUNGARY: Hungarian Association for Innovation • CZECH REPUBLIC: First Innovation Park • POLAND: Komtel • GREECE: South Eastern European Development Centre, University ofThessaly

  9. PARTNERS Media partners in Bulgaria • IDG Bulgaria - ComputerWorld weekly • Economedia - Capital weekly, Dnevnik online, Karieri.bg • Dir.bg • HiTec weekly broadcast at NovaTV national broadcast

  10. SPONSORS • Intel Higher Education Program • University of California – Berkeley, Haas School of Business • Intel Berkeley Technology Entrepreneurship Challenge

  11. PART II COMPETITION

  12. Rules • business opportunities with thegreatest potential for a positive impact on society through the commercialization of new and innovative technologies

  13. Prizes • The winning teams of the semifinal screening based on electronic submission of 2-3-page executive summary will be invited to participate at the semifinals in Sofia, October 6, 2006 with all expenses covered. • Each participating country will have two selected teams at the semifinals in Sofia. • First prize USD20,000 • Second prize: USD10,000.

  14. Big Prize • The first and second winners will be given the opportunity with all their expenses covered, to compete on the world finals: Intel®+UC Berkeley Technology Entrepreneurship Challenge at Berkeley University, California, USA

  15. Benefits • All participants will benefit from: • the education and training provided during the application process • introductions to potential investors • publicity • feedback from industry experts that will occur at the Competition

  16. Eligible sectors • Semiconductors, Manufacturing, and Hardware • Mobile and Wireless • Digital Home and Consumer Electronics • Retail and Consumer Software • Enterprise Software and IT • Energy and Power Generation • Nanotechnology * While the scope of technology innovation is notrestricted to the above, plans without a strongtechnology focus may not be chosen to compete.

  17. Eligible teams 1. Teams are typically of 3-4 people 2. Nationality of any of the following countries: Bulgaria, Czech Republic, Greece, Hungary, Poland, Romania, Turkey 3. At least one team member currently pursuing undergraduate, graduate or PhD degree (the rest of could be: faculty members, entrepreneurs, businessmen) 4. Company to be established in one of the participating countries

  18. Jury • Jury members are notable venture capitalists and other industry and entrepreneurship experts. • Jury is selected based on the following criteria:• Relevant professional experience (business, consulting and entrepreneurial)• Field of expertise (investors, entrepreneurs, lawyers)• Geographical location

  19. Judging criteria • General: Innovation, uniqueness, feasibility, strategy, experience, competitive advantage and business model • Market: Market size, growth, share, competition, and clients • Products/Services • Financials and funding requirements

  20. Confidentiality • The authors of the business plan will retain all rights to the plan regarding its use at all times prior to and following the competition. • All judges and administrative staff will agree on non-disclosure of materials submitted by competition participants. • All materials will be destroyed after competition is completed, unless specific agreement is granted.

  21. Calendar • 14 August deadline for e-round: submission of executive summaries • 14 July - 16 Aug feedback and consultation on submitted executive summaries • 21 August announcement of e-round winners and invite semi-finalists to Sofia (two teams of each participating country) • 21 September deadline for full business plans submission • 6 October semifinal in Sofia with presentations, announce winners and invite to USA • 24 October world final – 2 teams go to Berkeley, California

  22. Application procedure • Executive summaries round – August 14, 2006 The jury will evaluate and select two teams from each participating country and invite them to semifinals in Sofia, October 6, 2006 with all costs for travel and accommodation covered. • Semifinal round - September 21, 2006 • Competition in Sofia - October 6, 2006 Teams will make powerpoint presentations in front of jury, guests and open audience. Jury will pick the two winning teams which will receive USD20,000 and USD10,000 respectively and will be invited to the finals in Berkeley, USA, with all travel and accommodation costs covered.

  23. Application procedure • SEND UP TO 14 August TO: bimt@bimtbg.com • COUNTRY_PROJECTNAME_application.doc/pdf • COUNTRY_PROJECTNAME_CVs .doc/pdf • COUNTRY_PROJECTNAME_summary.doc/pdf

  24. 1. APPLICATION FORM* • PROJECT NAME • COUNTRY (of origin or of residence for more than 2 years) • TEAM MEMBER PROFILE • STUDENT □ FACULTY □ Other: • NAME • E-MAIL ADDRESS • EDUCATION (institution, degree, major) • OCCUPATION (company/institution, position) • WORK EXPERIENCE (if any: company/institution, position, years) • SKILLS: • TECHNICAL SKILLS: • LANGUAGES • OTHER * To be filled for each key team member

  25. 2. CVs of the team members • NAME • EDUCATION • OCCUPATION • WORK EXPERIENCE • SKILLS • TECHNICAL SKILLS • LANGUAGES • OTHER

  26. 3. EXECUTIVE SUMMARY * • Project title • Summary: technology innovation, idea, objectives • Market opportunity: market size (approximate or calculated, expected), market niche, target group, competitors, barriers to entry • Product: description, development * The suggested template is only optional and recommended rather than required. It is key to follow the logic of your ideas.

  27. 3. EXECUTIVE SUMMARY – cont • Sales and marketing strategy • Team: overview of key members • Business model: financial highlights, summary of projected income, revenue, profit for 5 years • Funding: strategy, required amount, rate of return • Exit strategy: if any * The suggested template is only optional and recommended rather than required. It is key to follow the logic of your ideas.

  28. PART III BUSINESS PLAN TRAINING

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