2013 Giants Entrepreneurship Challenge

Description

The Department of Entrepreneurship at the University of North Dakota is pleased to announce the Giants Entrepreneurship Challenge, our fourth annual business plan competition, will be held on the UND campus in Grand Forks, ND on April 12-13, 2013.

The competition is open to all student teams at colleges and universities in the United States and Canadian provinces. Judges for the competition will be experienced entrepreneurs and business development specialists, not faculty. To ensure that the Giants Entrepreneurship Challenge provides as much useful feedback as possible, we are asking our judges to thoroughly evaluate the quality of each business plan in selecting winners.

Monetary and in-kind prizes will be awarded for 1st Place, 2nd Place, 3rd Place, Best Elevator Pitch, Most Improved, and Most Innovative Idea. All monetary and in-kind prizes will be announced at the Awards Ceremony on Saturday afternoon, April 13, 2013. For more information, please contact us at challenge@business.und.edu or by phone at 701-777-4916.

Please join us for what promises to be another fun and exciting event!

Sincerely,

Craig Silvernagel
Instructor and Chair, Department of Entrepreneurship
University of North Dakota
____________________________________________________________________________________
Contact info:
Giants Entrepreneurship Challenge
Department of Entrepreneurship
293 Centennial Drive, Stop 8355
Grand Forks, ND 58202-8355
challenge@business.und.edu
701-777-4916

Deadlines & Checklist

• Feb. 15, 2013 – Submit Executive Summary, Intent to Compete Form, and Biographical Information Form.
• Mar. 1, 2013 – Top twenty teams will be notified.
• Mar. 28, 2013 – Full Business Plans must be received by this date.
• April 12-13, 2013 – Compete in Giants Entrepreneurship Challenge!
Forms can be found online at http://business.und.edu/

Intent to Compete, Biographical Data

Deadline: Friday, February 15, 2013

Complete both the Intent to Compete and Biographical Data forms and submit by the deadline. The
Intent to Compete form will need to be emailed by the faculty advisor to challenge@business.und.edu.

Executive Summary

Deadline: Friday, February 15, 2013

The Executive Summary shall be submitted electronically in a pdf file to: challenge@business.und.edu.

The Executive Summary should be a one-to-two page synopsis of your Business Plan. Page formatting is 1.5 inch line spacing with 1 inch margins on all sides on 8.5-by-11-size paper. Font size must be 12-point.

It is highly recommended that your Executive Summary highlight the most interesting and important elements of your plan that would inform an external reviewer or judge as to why your idea will succeed.

Top Twenty Teams

On or before March 1, 2013, the top twenty teams will be notified that they have been selected to present their Business Plan and Elevator Pitch at the Giants Entrepreneurship Challenge on April 12 and 13, 2013.

Business Plan

Deadline: Must be received by UND on Thursday, March 28, 2013

Send 1 electronic version, in pdf format, of your Business Plan to challenge@business.und.edu. Send 16 hard copies of your Business Plan to: Giants Entrepreneurship Challenge, Department of Entrepreneurship, 293 Centennial Drive, Stop 8355, Grand Forks, ND 58202-8355. The Business Plan is limited to 25 pages of text including appendices. Please use 1.5 line spacing with 1 inch margins on all sides on 8.5- by-11-size paper. Font size must be 12-point. We ask that each copy is bound with a binder clip, not professionally bound or in 3-ring binders.

Your business plan must include an Executive Summary and Financial data (cash flow statement, income statement and balance sheet). Business Plans should clearly explain your Products or Services, Market and Marketing Strategy, Operations, Management, and the Business Model (how your venture makes money). 

Giants Entrepreneurship Challenge Eligibility and Entry Requirements:
 The Challenge is designed for any undergraduate or graduate student enrolled at a university/college in the United States or Canada during the 2012-2013 academic year. 
 This is not a product plan competition. Business plans should feature viable, sustainable ventures with a demonstrable market need.
 The Challenge does not require an entry fee.
 Teams may be comprised of an individual student or a group of up to four (4) students, with no more than one (1) non-student member in the group.
 Competitors from past Challenges may compete with the same idea as long as they still qualify and did not place in the top three with the same business plan. 
 The Business Plan must be student-initiated and must have been reviewed and endorsed by a knowledgeable Faculty Advisor at the students’ college or university.
 The Business Plan may not be for existing franchises or expansions of existing businesses.
 Faculty Advisors are encouraged, but not required to attend.
 Each Team must submit the three required documents no later than February 15, 2013: 
(1) Executive Summary of the Business Plan, (2) Intent to Compete Form, and (3) Biographical Information Form.
 When we receive a Team’s three required documents, we will send the Team a complete packet of competition information, including hotel and travel recommendations.
 Full Business Plans (electronic and hard copies) must be received no later than March 28, 2013.
 The Challenge will invite the top twenty teams to compete in Grand Forks, ND April 12-13, 2013.
o If there are more than twenty submissions, a panel of judges will conduct a blind review to choose the top twenty submissions based on their executive summaries to compete April 12-13, 2013 in Grand Forks, ND.
o If a Team withdraws from the competition, the next ranked Business Plan on the waitlist will be selected. We encourage all Teams on the waiting list to continue working on their Business Plans.

Giants Entrepreneurship Challenge Process and Procedures:
 Team presentation order will be determined by a random drawing. At registration, Teams will receive their team number and presentation times for Rounds 1 & 2 and Elevator Pitches.
 One member from each Team will give a one (1) minute Elevator Pitch on Friday afternoon, April 12, 2013. 
 All Teams will give Round 1 presentations on Friday evening, April 12, 2013. 
 Judges will provide feedback to each Team after all Round 1 presentations are completed.
 All Teams will give Round 2 presentations on Saturday morning, April 13, 2013. 
 The public and media will be invited to observe the Elevator Pitches and attend the Award Ceremony on Saturday, April 13, 2013.
 Monetary and in-kind prizes will be awarded for 1st Place, 2nd Place, 3rd Place, Best Elevator Pitch, Most Improved, and Most Innovative Idea. The Award Ceremony is Saturday afternoon, April 13, 2013.
 All decisions by the judges are final.
 If you have any questions or need assistance, please contact: Giants Entrepreneurship Challenge atchallenge@business.und.edu or by phone at 701-777-4916.

Website

http://business.und.edu/entrepreneurship/entrepreneurshipchallenge.cfm

Competition Organizer

University of North Dakota

*International Event*

*Available in all states*

Submission Date

2-15-2013

Business Plan Submission Date

3-28-2013

Awards Date

4-13-2013

Total Prize Cash (US Dollars)

$8,000

Competition Category
  • Graduate - Local U.S.
  • Graduate - All U.S.
  • Undergraduate - Canada
  • Undergraduate - Local U.S.
  • Undergraduate - All U.S.
  • Business - Canada
  • Business - Local U.S.
  • Business - All U.S.
  • Graduate - Canada
Who's Eligible

The competition is open to all student teams at colleges and universities in the United States and Canadian provinces. Students must be undergraduate or graduate students.

Important Dates

• Feb. 15, 2013 – Submit Executive Summary, Intent to Compete Form, and Biographical Information Form.
• Mar. 1, 2013 – Top twenty teams will be notified.
• Mar. 28, 2013 – Full Business Plans must be received by this date.
• April 12-13, 2013 – Compete in Giants Entrepreneurship Challenge!

Competition Prizes

1st Place Prize - $5,000 & Incubation Services Prize
2nd Place Prize - $2,000
3rd Place Prize - $1,000
Best Elevator Pitch - $250
Most Improved Team - $250
Most Innovative Idea - $250