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                           Deadline for bplans and all related materials EXTENDED to Friday, April 27th.
 
 

Important Note

The Competition Executive Committee reserves the right to update these rules at any time. In particular, please take note of any updates to rules regarding submission processes as this system is currently being migrated online. We will do our best to keep teams informed of changes but it is ultimately the responsibility of teams to be aware of any updates and we thus strongly recommend that all teams subscribe to the Business Plan Competition e-mail alias (click here). Please also note that the dates for the various events and deadlines described below are preliminary. Again, the Competition Executive Committee reserves the right to modify the dates below and all effort will be made to give advanced notice of changes.
 

Eligibility

The Bryant Business Plan Competition is open to all participants who meet the following criteria:

1. Business must be a realistic, marketable idea.
2. Team must include at least one Bryant student.
3. Teams may consist of 1-6 members.
4. Plan should be an original idea or a substantial improvement on an existing business.

This competition is intended for ventures that have not yet received venture capital financing or have received less than $250,000 in seed financing. Teams that have already secured arrangements for capital from any source must disclose the amounts and sources clearly in their entries.
 

Procedures & Registration

Please pay careful attention to all submission requirements, as any incomplete submissions will be disqualified from competition, without exception.

1.  All participating teams should first register either by meeting with Dave Meskhi or Troy D. Byrd in room 109 at The John H. Chafee Center for International Business or online by going to the Business Plan Competition website and following the “Registration” link or by clicking here. Upon registration, teams will receive a registration number that will identify their team throughout the competition.  This number will be emailed to the teams. There is no deadline for registration.

2.  Submission of Executive Summaries:
Teams will be required to submit their executive summaries at The John H. Chafee Center for International Business in hard copy form. All executive summary submissions are due by April 17th, 2001.

Executive summaries should be no more than 3 pages long and provide a concise outline of your team's business idea. Executive summaries and full business plans will be judged based on the overall fundability of the business idea. The most important judging criteria will be (1) viability of the overall business idea (2) size of overall market opportunity and (3) strength of management team.

It is highly recommended that Executive summaries outline the following:

    1. Your business idea or concept
    2. The target market and size
    3. The target customers
    4. Your competitive advantage
    5. Barriers to entry
    6. Estimated year of breakeven profitability
    7. Three years of estimated revenues and net income
    8. Your funding requirements

3. Submission of Business Plan:

All hard copy materials should be submitted in the John H. Chafee Center for International Business Room 109.
Teams must submit a completed business plan by April 24th. Plans must meet the following criteria:

    1. Plan is no longer than 25 pages with a max of 10 page appendix
    2. Plan should present the following:
        · expansion of concepts outlined in the Executive Summary
        · financial projections, including pro forma cash flow and budget analysis
        · other analysis, as appropriate (i.e. break even analysis)
        · description of a working model or prototype, if appropriate.

The following is a checklist of hard copy materials required.

    · Four copies of each team's B-Plan
    · One disk containing B-Plan in a Microsoft Word document
    · Four copies of resumes of all team members
    · One completed team registration form

All plans submitted for the first round will receive either verbal or written feedback.
 

The Final Round

At the most, five plans will be selected to proceed to the Final Round. Finalists will be asked to present their ideas in front of the final judging panel on May 5th.  The judging committee will announce the three winning teams at the award ceremony.
 

For the Winners

1.  Three Finalists will be announced at the Bryant Business Plan Competition Banquet.
2.  Top Three Finalists will receive:

    -Awards presented at the Banquet
    -The opportunity to present their Business Plans to Venture Capitalist Firms
    -Media Publicity
    -Cash Money
 

Extras for Everyone

1.  Valuable experience in creating a business plan and working with a team.
2.  Resume builder
3.  Thrill of a Challenge
 

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