2012 Silicon Valley Boomer Business Plan Competition

Business Plan Competition Criteria & Rules for 2012

Do you have a business plan or startup venture that shows significant business potential for the burgeoning baby boomer market, which represents more than $2 trillion in spending power? We invite you to enter your business plan for the 2012 Silicon Valley Boomer Business Plan Competition. From early-stage ventures in medicine to media, fashion to financial services and beyond, the 2012 Boomer Business Plan Competition aims to generate the best ideas from the best universities and tap into the business expertise and creativity of entrepreneurs around the globe.

Based on the feedback received from some participants, we are announcing slight changes in the competition format. For Round 1, we will accept a 10 page slide deck (ppt.) business-plan until May 29, 2012 at 5:00 PM PDT.

We would love to know the people behind these business-plans, so we would prefer (not required) if you could submit a short (up to 2 minutes) video. (You can email the video, or upload a You Tube clip).

Guidelines

1. Please submit a 10 page PowerPoint slide deck business plan, which includes the financials and executive summary. We will accept your entries until May 29, 2012 at 5:00 pm PDT. Please email your plans to boomerventurecompetition@gmail.com. See First Round Criteria below for information on what should be included in the slide deck.

2. Optional: You are welcome to introduce yourself and your business idea by submitting a video or a You Tube clip (turn the settings to private) that is no longer than 2 minutes, which includes Entrepreneur name and University affiliation (if any).


Judging Criteria

All entries will be judged by a panel of distinguished professionals from the venture capital, business, media and education communities, each of whom will have expertise in the various segments represented.

Competition Rules/Eligibility

The competition includes two rounds of judging. During the first round, judges review the 10 page slide deck submission that includes financials and executive summaries. During the final round on June 20, judges review the entrepreneurs’ on-stage presentation of their 10 page slide deck business plan at the Summit. Finalists will receive feedback from first round judges and will have the opportunity to revise their 10 page slide deck before their presentation during the final round.

First Round

Groups submit a complete 10 page PowerPoint slide deck business plan, which judges will review based on the following criteria:

* MARKET OPPORTUNITY
1. Why is there a need for this company’s solution?
2. What is the market opportunity?
3. Are there any market issues that the plan did not acknowledge but that need to be addressed?

* PROPOSED PRODUCT/SERVICES
1. What is the company’s solution?
2. Does the company have a defensible and proprietary approach to its business?
3. How can this company achieve a leadership position in the market?
4. How does the company plan on penetrating the market?

* COMPETITION
1. What does the market look for?
2. Who would be the initial competitors and who would be likely competitors in the future?
3. What is the company’s unique competitive advantage?
4. What are the hurdles to entering the business?

* BUSINESS MODEL
1. What is the business model? Is it operational or feasible?
2. Does the plan address the major relevant risks and appropriate mitigation plans?
3. Is the value proposition sound?
4. How much capital is required to break even?
5. How scalable is the business?
6. Is the business model financially viable?
7. Does the business model give back to a community or organization in some way?

* MANAGEMENT/FOUNDERS
1. What is the background of management or proposed management for this type of company?
2. Is there industry expertise and prior success among the management/founding team?


Final Round

Grand prize finalists will present their boomer business ideas onstage at the Boomer Venture Summit. Grand prize finalists will give a five minute presentation with slides. Judges will select the winner at the end of the day. Finalists must be present on June 20, 2012 to be eligible to compete.

All federal, state and local taxes are the sole responsibility of winner. All federal, state and local laws and regulations apply. Winner must sign and return a notarized Affidavit of Eligibility certifying that the entry is his/her own original work and Release of Liability/Publicity within 10 days of first attempted notification. Noncompliance within this time period may result in disqualification and an alternate may be selected.

By entering contest and/or accepting prize, contestant grants permission to sponsors and their agencies to use winner’s names and/or likeness for advertising and/or trade purposes without further compensation to contestant unless prohibited by law. Prize is nontransferable. By accepting prize, winner agrees to hold sponsors, their respective directors, officers, employees, advertising and promotion agencies and assigns, harmless against any and all claims and liability arising out of use of prize. Winner assumes all liability for any injury or damage caused, or claimed to be caused, by participation in this promotion or use/redemption of any prize. Contestants agree to be bound by the Official Rules and the decisions of the judges. Sponsors are not responsible for any typographical or other error in the printing of the offer, administration of the search or in the announcement of the prizes.

Finalists must be present on June 20, 2012.

http://www.youtube.com/user/SCUboomerventure

Silicon Valley Boomer Venture Summit Seeks Business Plans for Boomer-Focused Startups

Sent by Adelene Gallego Ramos on 26 May 2012, 06:32PM

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• Don't miss this opportunity to win $10,000 at the Silicon Valley Boomer Venture Summit and Business Plan Competition. Submit a 10 page slide deck business plan by May 29 to boomerventurecompetition@gmail.com.