The Business Plan Competition makes every attempt to simulate the process of entrepreneurship, whereby student entrepreneurs solicit start-up funding from angel investors and venture capital firms. The competition judges, representing these groups of potential investors, evaluate and assess the business plans, and then decide on the business venture that they would most likely fund. Various factors that influence the judges’ assessment and decisions include but are not limited to:
- Clarity, completeness, and persuasiveness of the written business plan and oral presentation.
- The feasibility and quality of the business plan concept (e.g., product, technology, service).
- The feasibility and quality of the business model.
- The marketability of the proposed venture (does demand of concept exist).
- The financial and/or social return of the proposed venture.
- Benchmarking performance milestones expressed in the business plan.
- Contingency planning and risk assessment – include plan for mitigating risk factors.
- The capacity and strength of the management team (experience and expertise).
- The quality of the team members’ responses to questions from the judges.
The decisions of the judging panel are final. Judges may alter prize amounts. If no submissions are deemed worthy, no financial awards will be made.
Format for the Social Entrepreneurship Track
(This model is borrowed by the Global Social Venture Competition
and the below format is from the Warrington College of Business, University of Florida)
Social Entrepreneurship Business Plan Format
The body of the plan must not exceed 25 pages. This does not include financials or other appendices.