2011 CMU Cross-Campus New Venture Competition

Submitted by admin on Thu, 12/30/2010 - 11:39

Volunteers Needed
- Time/Score Keepers
- Judges’ helpers
on Friday, Feb 4th between 8:45am - 12pm
Please email Amanda (afox@andrew.cmu.edu) by Friday, January 28th if you are interested.

Friday - February 4, 2011
Posner Hall, Tepper School of Business

Coffee & Danishes: 8:30 am – 9:00 am (Main Lobby)
Competition: 9:00 am to 12:00 pm (Rooms 151, 152, 153, 146, Cooper)
Lunch & Winners Announced: 12:00 pm to 1:00 pm (open to competitors, judges, and sponsors only)

Hosted by
- the Tepper School of Business’ Donald H. Jones Center for Entrepreneurship,
- the Graduate Entrepreneurship & Venture Capital Club, and
- the Undergraduate Entrepreneurship Association

This half-day new venture competition is open to all Carnegie Mellon University undergraduate, graduate, and PhD students. To be eligible, students must submit their “intent to compete” by Wednesday - January 12, 2010 at 9:00 am EST. Participants will be judged by experienced entrepreneurs and venture capitalists during the pre-qualification round, and the competition on February 4th. Those selected in the pre-qualification round will be asked to submit a five-page executive summary due January 28th and a 15 minute (max) presentation due on February 4th. Each team will be given up to 15 minutes to present followed by a five-minute Q&A. Read below for information on prizes, deadlines, judging criteria, and resources for developing an executive summary. The CMU community is welcome to join as spectators. Please contact djc@andrew.cmu.edu with any questions.

Attention Graduate Students:
Submitting a business plan for this competition is a prerequisite to being accepted into the Don Jones Center Summer Accelerator, and to being considered for financial assistance to compete in the national business plan circuits.

Reasons to Participate
* $$$ Thousands in Cash Prizes and In-Kind Corporate Legal Services – awarded at both the undergraduate and graduate levels
* Receive feedback on your plan from experienced entrepreneurs and investors
* Meet & interact with student peers who are also passionate about entrepreneurship
* Free lunch – for real!

Important Deadlines
- Wednesday - January 12, 2011 by 9:00 am: Deadline for 1 page Intent-to-Compete/Pre-Qualification Round

On 1 page please include the following in Arial 10 pt font, and 1” margins:
* Contact information: primary contact name, degree pursued, school affiliation, email, phone number
* General Company Information: venture name, team member names
* New Venture Description: See below for criteria for the final pitch – this should guide the development of your intent to compete. E-mail your Intent to djc@andrew.cmu.edu.

- Wednesday- January 19, 2011: Teams notified of acceptance to competition
Slots are limited due to availability of judges and space.

- Friday - January 28, 2011 by midnight: Deadline to submit five page (or less) executive summary
This is the final version that will be sent to the competition judges; no teams can submit “updated” executive summaries after this deadline. E-mail your summary to djc@andrew.cmu.edu.

- Friday - February 4, 2011 from 9:00 am to 1:00 pm: Competition Day!
Students must arrive at least 15 minutes before their scheduled time slot, bringing with them their 15-minute presentation on a laptop. If students choose to give judges hard copies of their presentation, they must bring their own copies.

Final Judging Criteria
1. Idea/Concept (10%)
2. Problem Statement (10%)
3. Solution - How are you solving the problem (10%)
4. Market – What/how large is your target market. Who is the competition and what advantage do you have to compete with them. (10%)
5. Business Model - How will you make money (10%)
6. Status of company - what have you done to date (10%)
7. Financials - 5 year projections (10%)
8. Initial Investment Needed & Potential Return – Ex: financial, social, environment (10%)
9. The Team (10%)
10. Delivery and Ability to Field Questions (10%)

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