Competition FAQs


 

About the Competition – FAQs

· Who is eligible to compete?
· What if I receive funding during the course of the competition?
· How can I qualify to enter my business plan if I don’t know any Bryant College students?
· Where can I seek assistance to write my business plan?
· Is there a maximum number of people that can be on a team?
· Can I be on more than one team?
· Will my entry remain confidential? Will my intellectual property be protected?
· Can additional members be added to the team following submission of the Executive Summary?
 

Who is eligible to compete?

All entering teams must have at least one Undergraduate Bryant student and cannot have received more than $250,000 in funding before April 24th, 2001.
 

What if I receive funding during the course of the competition?

April 24th is the final deadline. Teams are allowed and encouraged to seek funding during the course of the competition
 

How can I qualify to enter my business plan if I don’t know any Bryant College students?

At the Bryant Business Plan Competition website, we have created an Entrepreneur's Exchange that serves to match those who do not meet the Bryant eligibility requirement with interested students.
 

Where can I seek assistance to write my business plan?

In addition to the Resources page on the website, you might want to consider adding a teammate who might possess the work experience or knowledge that your team currently lacks. At the Entrepreneur's Exchange, you can choose among a group of fellow entrepreneurs who have listed their backgrounds and interests. The people on this Exchange have expressed an interest in joining a team to provide necessary technological, marketing or financial expertise.

Is there a maximum number of people that can be on a team?

No. An entry may be entered by a single person or a group of people. The size of a team is not restricted, however we do suggest that an individual considering entering the competition would be better off forming a team through the Entrepreneur’s Exchange or through other means. A business plan is a comprehensive business undertaking that requires knowledge in areas ranging from industry industry analysis to budgeting.
 

Can I be on more than one team?

No.  Individuals may only be in one team.  This is a measure to foster commitment and better teamwork.
 

Will my entry remain confidential? Will my intellectual property be protected?

The organizers of the Bryant Business Plan Competition are committed to preserving the confidentiality of every submission, and every member of the organizing committee signs a confidentiality agreement pledging not to share submissions with anyone outside the competition.

Submissions are read by our judges – well respected, highly accomplished members of the venture capital community. Venture capitalists, as industry practice, do not sign confidentiality agreements when reading executive summaries or preliminary business plans, and our judges do not do so for this competition. However, we are confident in our judges’ commitment to treat the information contained within each submission with the highest professional standards of privacy.

In the end, it is suggested that highly sensitive material be excluded from the entry if a team is concerned about the confidentiality of such material.

If you feel that significant confidentiality issues may arise with other team members in the course of preparing your plan, you should have a thorough understanding worked out in advance.

Please note also that if a team is successful in making it into Final Round, a presentation will have to be made to a public audience.
 

Can additional members be added to the team following submission of the Executive Summary?

Yes, additional members may be added to the team until the submission of the business plan in Round One on April 24th.
 
 
 

If you wish to seek further information concerning the Bryant Business Plan Competition, please send questions to bplan@bryant.edu.