Business Plan Criteria

Business Plan Criteria-72
Teams should approach the competitions as any new venture team would approach the marketplace.Your goal is to solicit feedback from experienced entrepreneurs and investors and to gain seed capital for your ideas.Pitch Deck presentations are limited to 7 minutes and will be followed by 7 minutes of Q&A by the investor judging panel.

Teams should approach the competitions as any new venture team would approach the marketplace.

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The Startup Vandal Business Plan Competition is open to U of I students from any discipline.

There is no limit to team size and teams may have an outside team member, but all team members should be present and participate at competition events.

While the competition preference is for teams to use cash awards to facilitate the launch of the venture, these are at the winners’ discretion.

Unless the team specifies otherwise in advance, all prize money will be distributed equally among team members.

To compete, teams will be asked to submit a one-page summary and a 90 second video that pitches their business idea over email following registration.

Teams that do not meet a minimum threshold of preparedness, professionalism, and viability in the summary and video round will not move forward to the final Business Plan Competition.The written plan may include up to 6 additional pages of appendices.Page format is 1.5 line spacing with 1 inch margins all around and 12 point font.Each business plan will be judged by a group of entrepreneurs, venture capitalists, and business professionals.A judging rubric may be found on this site; however, ultimate ranking and awards are solely up to the discretion of the judging panel.The cover page must include the venture name, team members, and logo if available.Financial data should be summarized and highlighted in the written plan with supporting details and spreadsheet information in the Appendix.Multi-disciplinary, cross-pollinated teams are encouraged and in recent years almost all of our winners have been diverse teams.We accept new ventures, products, innovative projects, and non-profit ideas and will consider existing business ideas as long as the proposal results in significant expansion or innovation and minimal existing revenue and investment.All plans, pitches, and presentations must be accurate and represent the venture in an honest manner. Mentors can be a valuable resource for startups and teams are encouraged to seek faculty, business, and technical mentors.Teams should also consider the writing center for editing and format assistance and have the plan proofread by several business and non-business sources.

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