MIT GSW Business plan competition 2015

Description

The winner of the 2015 MIT GSW Business Plan Competition Global prize will receive a $10,000 cash prize as seed money and would be guaranteed a slot in the second round of MassChallenge, a prestigious Boston based high impact startup accelerator.

Competition Rules 

Each team will have a total of 8 minutes which includes a 5 minute pitch + 3 minutes of Q&A from judges on the day of the competition.Decisions of the judges and the MIT GSW team are final and may not be appealed.Contestants are expected to behave respectfully to all other contestants, sponsors, judges, volunteers, and audience members. Any behavior that is found to violate MIT GSW’s ethical and behavioral standards will result in automatic disqualification.The teams will be judged according to the criteria below, which will be weighted equally:

1. Market

Is there a large, attractive market opportunity?What are the pain points and are they clearly identified?Who is your target market?

2. Product/Technology

Is there a clear overview of product/service being offered?Is the solution offered compelling?Is there a strong value proposition for the end-user/consumer?

3. Business Strategy 

What is the quality of the business plan and strategy?Does the company have a defensible strategy against potential competitors?Have the key risks/mitigations been well-identified?

4. Competition

Is there a solid competitive analysis?Does the company have a strong advantage over its competition?

5. Team

Is there a well-rounded team that has the right skillset to be successful in this business? What are the qualifications and strengths of the team?

6. Traction

Any work done on the startup to date
paying customers, number of users, letters of intent, partnerships etc.

Website

http://mitgsw.org/2015/agenda-events/business-plan-competition/

Competition Organizer

MIT Global Startup Workshop

*International Event*

*Available in all states*

Submission Date

12-01-2014

Business Plan Submission Date

1-31-2015

Awards Date

3-27-2015

Total Prize Cash (US Dollars)

$10,000

Competition Category
  • Graduate - All U.S.
  • Business - All U.S.
  • Social Entrepreneurship
  • Business - Global
  • Graduate - Global
  • Undergraduate - Global
  • High School - Global
Who's Eligible

The MIT GSW Business Plan Competition is for early stage startup companies from all over the world. Ideal applicants would have demonstrated some kind of traction with their idea.

Important Dates

Dec 1, 2014 – Deadline for preliminary application

Jan 7, 2015 – Finalists who will present in Guatelmala announced

Jan 31, 2015 – Deadline for Full business plan submission for finalists teams

Mar 27, 2015 - Finals and Award ceremony in Guatemala

Competition Prizes

$10,000 plus guaranteed a slot in the second round of MassChallenge, a prestigious Boston based high impact startup accelerator.