You can call us here: 540-443-9100

2013 VT Student Business Concept Competition

The objectives of the competition are to encourage students to develop their entrepreneurial ideas, enhance understanding of requirements for a successful business venture, and showcase the creativity of students at Virginia Tech.

Pure Air

Stephen Epstein with PureAir: Emergency Asthma and COPD Inhalers
Grand Prize Winner of the 2013 Student Business Concept Competition

Prizes
Grand Prize Winner of the Virginia Tech Student Business Concept Competition:

  • receives $10,000 in scholarships
  • receives start-up assistance from VT KnowledgeWorks
  • receives summer workspace in the Virginia Tech Corporate Research Center
  • qualifies for the 2013 VT KnowledgeWorks Global Student Challenge (week-long, expense-paid celebration of student entrepreneurship with a $25,000 grand prize.)

2013 Student Competition Rules
Eligibility: The competition is open to all graduate and undergraduate students at Virginia Tech. All participants must be full-time, registered students at Virginia Tech with an average team age of 27 years or less to participate and receive prizes if selected as a finalist team. Up to five finalist teams will be selected to present at the Challenge.

It is assumed that business concepts will be based on an evolving technology-based business concept that, at the time the application form is submitted, has not developed into a commercially available product.  Most teams are expected to have a prototype product/service in development, but the product/service will typically not have undergone customer evaluation or assessment. 

Proposed products/services that support a sustainable environment or specifically address needs of underdeveloped countries are encouraged, but no special credit will be assigned to such business concepts.

Guidelines and Deadlines

1. February 15, 2013: Individual students or student teams must register by purchasing an Intent to Compete form by midnight of February 15, 2013.
Submit an Intent to Compete form

2. February 15, 2013: Students must submit a one-page summary of the business concept by following the one-page submission guidelines by midnight of February 15, 2013. These will be reviewed by a panel of faculty and local business leaders, and those chosen to participate in the competitions will be announced relatively soon after.  One-Page Summary Guidelines ~ Review before submission.

Submit a one-page summary

3. March 8, 2013: The students and teams that were chosen to compete must submit a more detailed business concept document by following the submission guidelines. This is to be a three- to five-page document and up to five finalists will be announced relatively soon after. The business concept document will be critiqued using the criteria listed in the guidelines.  Business Concept Guidelines ~ Review before submission.

SubmitBusinessConcept  Note: Business concept documents should be submitted to christine.spalding@vtknowledgeworks.com.

4. April 10, 2013: Up to five finalists will present their business concepts at the Entrepreneurship Challenge on April 10 before a panel of judges as well as angel capital, business leaders, and others attending the Challenge. 

Final presenation slides must be submitted to Dick Daugherty at dick.daugherty@vtknowledgeworks.com no later than midnight on Monday, April 8.

Presentation Guidelines ~ Review in preparation for presentation.

Example presentation ~ An example of a "real" business plan presentation.

How to Prepare
1. Meet the above mentioned deadlines.
2. Carefully review and follow instructions and formats for the

3. Review the Frequently Asked Questions section.


Contact
Company: VT KnowledgeWorks
Street: 1715 Pratt Drive, Suite 1000
Postal/City: Blacksburg, Virginia 24060
Email: info@vtknowledgeworks.com
Phone: 540-443-9100
Social Links
  • Facebook
  • Twitter
  • LinkedIn
 
 
© Copyright 2011 by VTKnowledge Works