Please read the Overview first. This will allow an understanding of how the Competition is organized and how to participate in it.
Who is Eligible to Participate?
How to Participate?
Nature of the Proposed Ventures
A Business Proposal is usually developed prior to creating a Business Plan. This proposal is the first step in determining the viability of a business concept and is the precursor to all the work involved in developing a complete business plan. It is a brief (1,000 words or less) document that describes the proposed business and contains enough information to enable stakeholders to make an initial evaluation about the viability and attractiveness of the proposed business. A well-written Business Proposal is usually a combination of business analysis and a marketing pitch.
For the New Business Venture Competition, a Business Proposal for the proposed business venture must accompany the completed Intent to Compete form and is due by 5:00 p.m. on November 15, 2012.
Please follow these rules for preparing the Business Proposal –
Remember this is a competition. Your Business Proposal needs to differentiate your business from the other contestants and inspire the judges to select your submission over your competitors. The clarity and descriptiveness of your proposal will make a difference and enhance your chances of becoming a finalist. In the business world you would need to do the same thing to inspire stakeholders to support your new venture.
The contestant(s) acknowledge that the ideas and concepts of this proposed business, as presented in this Business Proposal, are the original work of the contestants. All contestants agree to comply with the rules and guidelines of the New Business Venture Competition. Contestants are responsible for all copyright, trademark, and patent issues. If this submission is selected as a finalist in the Competition, the contestant(s) commit to developing and submitting a full-fledged written Business Plan to email@example.com by March 15, 2013, and to participating in all the activities before a panel of judges on April 4, 2013.
Feedback on Submissions
All contestants will be notified by December 6, 2012, as to whether or not their proposal has been selected as a finalist for the Competition. Feedback will be provided for all submissions.
To return to the overview, click here.