Business Plan Challenge
THE RULES
WHO CAN PARTICIPATE?
IE University bachelor students must first have taken Introduction to Management or Organizational Management, and be selected by their professors to represent their class with the best business idea. If the quality of the idea doesn’t meet the minimum standard required, the class may not be represented in the BP Challenge.
WHAT DOES THE CHALLENGE CONSIST OF?
Selected teams will submit an executive summary of their business plan proposal, and present a pitch. 5 copies of the executive summary should be printed out using Arial font (size 12, double spaced) in a Word document format, and should be no longer than 4 pages. Each team will have a maximum of 5 minutes to make their pitch presentation, before taking questions from the jury and the floor for a further 5 minutes (time will be strictly monitored). Only 1 or 2 team members should present to stick to the allocated time. Both the pitch and summary can be done in English or Spanish.
WHAT IS THE PRIZE?
The winning team will receive €500 in cash to help them start their new business. The second prize will be €250, and the third €100. All three teams will have the opportunity to meet with members of the jury (possible investors), and will be considered for further rounds of coaching and funding.
BUSINESS PLAN CHALLENGE 2015-16 IDEAS!
This year, our BBA students presented their projects in an exciting round of pitches and presentations. Throughout the afternoon, participants shared their ideas with entrepreneurship experts. Some of the groundbreaking start-up projects presented were:
KoalaKar: An app that provides parents with a safe and convenient private transportation service for their children, at their fingertips.
Doli: A new 3D printer primarily for children. This is one of the first products to venture into 3D printing market centered on kids.
WiiHotels: Software that manages the demands of services, and needs of hotel guests.
ArtPorter: An online platform aimed at facilitating the search of art pieces for sale, and connecting established physical art galleries with their global customers.
Quicksip: A bottle accessory that converts any standard bottle into a convenient sports bottle.
EasyWheels: An online platform that allows people to rent a car, and to lease and share their own.
Ushield: A new cheap and elegant way to protect and personalize mobile chargers.
E-ceipts: An app and cashier system that makes electronic receipt storage possible.
DettoFatto: A new gourmet food delivery concept, aimed at transforming every person into a real chef at home.
LEARN MORE!EVALUATION CRITERIA
SPECIFIC CRITERIA THAT WILL BE EVALUATED DURING THE BUSINESS PITCHES ARE:
- Clearly identified niche in the market
- Defined target market
- Value Proposition: how does your product or service solve the problem/need?
- Business Model: how does this business make money?
- Management team: how are you prepared to make this business a success?
- Investment needed to start the business, and how much are you requesting from investors?
- Innovation
- Presentation of a prototype
- Web page design
CALENDAR OF EVENTS
December:
Professors announce selected teams representing their group. Selected teams are not obligated to participate
Beginning of February:
Deadline for business plan executive summary submission: to be delivered at the BBA Offices in Madrid or Segovia
Mid February:
Business Pitch presentations, announcement of the winning teams, and award ceremony followed by a cocktail