You can call us here: 540-443-9100

Student Competition

Student Business Concept Competition
10:00 a.m. ~ 12:00 p.m., April 7, 2010

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 in Virginia and western North Carolina.

Winner - Pattonslist.com
Steven Cunningham and Mike Fallon, University of Virginia

Runner-up Teams
mapMonkeys: Rishi Ishairzay and Wade Hammes, Virginia Tech
Nomuda Games: Joe Chard and Jacob Richardson, University of Virginia

Other Finalist Teams
Eco-Health Cube: Jashaun Carter, Larrishia Jacobs, & Ardarion Richardson, North Carolina A&T State University
UltraGenome LLC: Rahul Ranjan, University of Virginia

PRIZES
The Winning Team:

Second & third place teams receive:

  • $2,500 in cash
  • iPod Nanos
Best Buy
Fourth & fifth place teams receive $25 Best Buy gift cards. iPod Nanos and gift cards are generously sponsored by Best Buy.



Rules to the 2010 Student Competition

ELIGIBILITY
The competition is open to all registered college students in the Commonwealth of Virginia and western North Carolina. Only full-time students are eligible to participate and receive prizes if selected as a top five finalist team. Students may elect to work with teams of up to three; at least one student must be registered at a college or university in Virginia or western North Carolina.

GUIDELINES & DEADLINES

1. February 12, 2010
: Individual students or student teams of up to three students must register by filling out an Intent to Compete form by midnight of February 12.
Submit an Intent to Compete form

2. February 19, 2010: Students must submit a one-page summary of the business concept by following the one-page submission guidelines by midnight of February 19. These will be reviewed by a panel of faculty and local business leaders; and those chosen to participate in the competition will be announced February 23, 2010.

One-Page Summary Guidelines ~ Review before submission
Submit a one-page summary

3. March 8, 2010: The announced students and teams that were chosen to compete (on February 23) must submit a more detailed business concept document by following the submission guidelines. This is to be a three to five-page document and the top five finalists for the competition will be announced Monday, March 15, 2010. The business concept document will be critiqued on the dimensions listed below.

Business Concept Guidelines ~ Review before submission
SubmitBusinessConcept

Business Concept Judging Criteria:


Maximum Score
Clear Description of Product or Service Idea
10
Concise Description of Underlying Technology
10
Expected Customer Base and Match of Product/Service Characteristics to Their Needs
20
Unique/Competitive Features Provided to Customers
20
Market Size Description (growth rate, etc)
10
Value Proposition: How will the company make money
20

Funding Needs and Potential Sources

10

Total

100

4. April 7, 2010: The five finalists will present their business concepts at the Entrepreneurship Summit before a panel of judges as well as angel capital and business leaders and others attending the Summit.

Presentation Guidelines ~ Review in preparation for presentation


Presentation Judging Criteria: Judges will rank the finalists; and awards will be presented at NCTC TechNite.


Maximum Score
Clear Description of Product or Service and its Features
10
Concise Description of Underlying Technology and Required Development for Product or Service
10
Expected Customer Base and Match of Product/Service Characteristics to Their Needs
20
Market Size Description (growth rate, etc)
10
Competitive Position in the Chosen Market
20
Value Proposition: How will the company make money
20

Funding Needs and Potential Sources

10

Total

100


HOW TO PREPARE

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

FREQUENTLY ASKED QUESTIONS




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