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Frequently Asked Questions - Student Business Concept Competition 2013

If you still have questions after reading this FAQ, email us.

» Who is eligible to apply?
Submissions are accepted from any registered, full-time, college student at Virginia Tech. If your team is selected as a finalist, your team will present on April 10, 2013, at The Inn at Virginia Tech and Skelton Conference Center in front of a live judging panel and audience. The winning team will be announced the same day at the Networking Reception and Awards Presentation at 4:00 p.m. in Latham Ballroom at The Inn.

» What kind of business idea can I submit?
Technology-based business ideas.

» Can I participate on more than one team?
Yes. A separate Intent to Compete registration must be submitted for each team/concept.

» Is there a fee to apply?
Yes, there is a nominal $25 application fee for each team/concept.

» What is the maximum team size?
Team size is not restricted, but only full-time students are eligible to participate and receive prizes if selected as a finalist team. The average age of team members may not exceed 27 years.

» How developed does my business idea need to be?
Although this is a business concept competition, you will be expected to explain the customer need being met by the product or service, size of the market opportunity, competitive advantage, business model and value proposition (how will your company make money), and some financial projections and funding needs/sources.

» Who will be evaluating my idea?
The judges consist of business leaders, seasoned entrepreneurs, and/or investors.

Company: VT KnowledgeWorks
Street: 1715 Pratt Drive, Suite 1000
Postal/City: Blacksburg, Virginia 24060
Phone: 540-443-9100
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