Competition Rounds
Preliminary Round
Business plans are to be submitted online via this website.
The business plan should address the following:
- Innovation and feasibility of business idea
- Sustainability and scalability of business proposition
- Passion, commitment, accessibility to financial resources and expertise of team members to launch the business
- 3 year financial projections
(income statement, cash-flow statements and balance sheet)
In terms of format, the business plan must be double spaced, in 12 point font with 1 inch margin, and not exceeding 2000 words (financial projections are not included in the word count).
Please click here for more information regarding submission requirements.
| Teams | Deadline for Submissions |
|---|---|
Singapore teams |
Friday, 29 February 2008 |
Overseas teams |
Friday, 11 April 2008 |
The top 15 teams progressing to the semi-finals will be announced by Wednesday, 7 May 2008 (+0800 GMT) .
Semi-Final Round
The 15 teams will need to submit a 5000 word business plan to compete for a berth in the top 6. The 5000-word full business plan should cover the following areas:
- Company overview
- Summary of business plan
- Innovation and feasibility of business idea
- Sustainability and scalability of business proposition
- Passion, commitment, accessibility to financial resources, expertise and leadership of team members to launch the business
- Financial details-Diagrams, graphs and financial charts can follow the text portion but are to be limited to 5 pages (not included in the word count)
In short, the business plan should address the following:
- Who you are
- What you plan to do
- Why the reader should have confidence investing in your business
- Where the product is now in terms of development and as compared with other competitors
- When and how this business will reap profits
- Whether the business has sustainability and scalability
Plans are to be submitted in hard copy and they must reach SMU no later than Friday, 30 May 2008, 6pm (+0800 GMT). Please click here for more information regarding submission requirements.
In addition: Please provide a one page summary of the business plan, which will be printed in the souvenir booklet to be distributed at the Final. This portion will not be included in the 5000 word count.
Finalists will be announced by Thursday, 19 June 2008.
Final Round
The Finals and Awards Presentation Ceremony will be held on Thursday, 10 July 2008.
A. Logistics and Travel Arrangements
- Finalists from overseas teams will receive a maximum of 2 economy class tickets (the most direct and economical route from the city of their home institution which they have registered from) to Singapore to compete in the Finals. The 2 complimentary air-tickets are only for the core members of the team. If the team members consist of only 1 core member, the team will only receive 1 air-ticket to Singapore.
- Every team will receive 1 complimentary deluxe hotel (meant only for twin sharing) room for 4 nights at a 5-star hotel. SMU will make the necessary arrangements with the hotel. Sponsored accomodation includes only the cost of the room, with any miscellaneous expenses to be borne by the team.
- SMU will pay for a maximum of 2 core members per team for the Final. Other registered team members can accompany the team members if they desire, at their own cost.
B. The Presentation
- Teams will not be allowed to submit a new business plan for the Final. However, a 1 page update can be handed out to the judges before their presentation if the team desires.
- Only the core team members are allowed to make their presentation/answer questions from the panel of judges. There is no limit to the number of core team members who can make the presentation/take questions from the judges. To avoid any confusion, only the presenting core team members are allowed to take the questions from the judges. Non presenting core members and non-core members will not be allowed to take questions from the judges.
- Teams will draw lots to determine the order of presentation.
- Each team will be given a total of 25 minutes (including time for Q&A from the judges). We suggest that you distribute your time as follows:
Set-up time: approximately 2 minutes Presentation time: approximately 10 minutes Q&A: approximately 10 minutes
The teams have the discretion to manage the 25 minute allocated time slot. The team members /judges will be cut off after the 25 minute time limit. Do manage your time carefully. It will be to a team’s disadvantage if the judges have insufficient time to pose questions to the team.
Teams will be buzzed off at the 25 minute mark.
- Non-core members and non presenting core members can sit in throughout the presentation, on the condition that there is no communication between them and the presenting core team members. Presenting core members will be kept in a separate holding room.
- Due to the confidentiality of the presentations, entry to the event is strictly by invitation only from SMU. We regret that we are unable to accommodate any requests from unrelated or external parties to the event.
C. Awards Presentation Ceremony
- Every member (including the advisor to the team) of the finalist teams is invited to the event, which includes a formal 5-course sit down dinner.
- Each team member is allowed to invite 2 guests for the event. This invitation is non-transferable.
- Additional guests will be charged S$90 per person, and payment must be made before the start of the event.
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