Round One – 3 - 5 page summary
Submission deadline: Thursday, October 20, 2011
Announcement of second round participants: Tuesday, November 8, 2011
The 3- 5 page summary must include the following information:
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Cover Page
- The primary contact person, with complete contact information, including an email address
- The business name (or proposed name), and a one-sentence overview of the main line of business
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Project Team
- Name of majority owner (51% or more)
- Brief background on the entrepreneur(s) involved and their experience
- Roles and responsibilities of those involved
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Product and/or Service Offering
- Brief description of the offering
- What problem does it solve, or what need does it fulfill? What are the benefits of your offering?
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Uniqueness of the Offering/Barriers to Entry from Competitors
- Why is the product/service unique or different from the competition?
- Who are the major competitors?
- What potential barriers of entry could you encounter?
- Is this uniqueness sustainable (e.g. patents, intellectual property, barriers to entry, etc.)?
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Market Opportunity
- Who are the targeted customers?
- What is the market size?
- Is there evidence they will buy the product?
- How will the product penetrate the market?
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Current Stage of Development
- What is the current status of the technology/venture?
- What are the key next steps?
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Business Model
- How will the company generate sustainable revenue?
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Milestones and Success Metrics
- What are the success metrics and timelines?
- What is the time required to go to market?
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Capital Requirements
- How much funding is needed to move forward?
- How will the money be used?
- Why is your business an attractive investment?
The summary must be submitted in Microsoft Word or Adobe Acrobat PDF format prior to 5:00 pm AST on Thursday, October 20, 2011. A confirmation receipt will be sent by email after you complete your submission.
Please note: We are unable to accommodate updates once summaries are submitted.
The document must be limited to 3-5 pages of text (typed, double-spaced, minimum 12 point font, with at least 1” margins on all sides), excluding the cover page.
The judging panel will select a short list of up to five (5) entries per zone that will be invited to move into Round Two of the competition.
