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.
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:
Is there a large, attractive market opportunity?What are the pain points and are they clearly identified?Who is your target market?
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?
Is there a solid competitive analysis?Does the company have a strong advantage over its competition?
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?
Any work done on the startup to date
paying customers, number of users, letters of intent, partnerships etc.
- Competition Organizer
MIT Global Startup Workshop
- *International Event*
- *Available in all states*
- Submission Date
- Business Plan Submission Date
- Awards Date
- Total Prize Cash (US Dollars)
- 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.