Rules & Guidelines
Manitoba New Venture Championship

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COMPETITION RULES

GENERAL

  • Applicants must be enrolled full-time in a post-secondary school in the province of Manitoba
  • Teams can consist of from 1-5 students, (the majority of whom must be full-time undergraduates)
  • All plans must involve a business idea from the current academic year (Sept. 2017 - April 2018) that is based on the independent thinking of the applicant(s).
  • Duplicating or copying an already existing/recognized business or franchise will not be allowed
  • If the business is a joint venture, the competing student must be a significant contributing factor to the company, i.e. not just a spokesperson for the business
  • If desired, students are allowed to solely participate in the idea pitch, logo competition or the business plan competition
  • Participants should dress is business or business casual attire

EXECUTIVE SUMMARY

Deadline for executive summaries is Tuesday, March 13, 2018.

Executive Summary Rules:

  • 1 - 2 pages maximum in length
  • PDF format
  • Format is 1.5 line spacing with 1 inch top, bottom, left and right margins and 12-point font
  • Line spacing and font requirement applies to the textual content of the document and not to titles and descriptions accompanying pictures, graphs, tables or worksheets

Executive Summary Guidelines:  

Executive summaries should include but are not limited to:

  • Magnitude of the problem
  • Brief outline of the solution
  • What market validation has been completed
  • What are the financial projections
  • How scalable is the idea

    
BUSINESS PLAN COMPETITION

  • 12 spots are allotted
  • 15 minute presentation followed by 10 minutes of Q & A and 5 minutes of feedback
  • You may use PowerPoint, props and/or any other method you desire for your presentation
  • The written business plans can be a maximum amount of 21 pages of text including appendices

BUSINESS PLANS

After review of the executive summaries, 12 teams will be chosen by Friday, March 16, 2018 for the competition. These 12 competing teams must submit their business plans by  NOON Friday, March 30, 2018.

BUSINESS PLAN PRESENATION GUIDELINES:

15 minute presentation
10 minute Q & A
5 minute feedback

Written Business Plan Rules:

  • Must be received by NOON Friday, March 30, 2018
  • Must be submitted as a single document in “printable” PDF format
  • Must be no more than 21 pages in length with the following limitations:
    • 1 page - cover page
    • 1 page - table of contents
    • 1 - 2 page - executive summary

    • 10 pages - main report

    • 6 pages – appendices
    • 1 page – citations

    • Must be formatted in 1½ line spacing with 1” top, bottom, left and right margins, and 12-point font. This line spacing and font requirement applies to the textual content of the document and not to titles and descriptions accompanying pictures, graphs, tables or worksheets.

    • All pages should be numbered

    • Cover page must include venture name, participants name and university affiliation

Business Plan Guidelines:

  • Executive Summary
    • Standalone overview of the business plan

  • Magnitude of the Problem
    • Is this a major problem?

    • Is it local, national or global?
  • Outline of the Solution
    • Does the product solve the problem?

    • Is the product protected (IP)?
    • Status (proof of concept / prototype)?
  • Market Validation / Competition
    • Is there a clear market need?

    • Will customers pay a premium?

    • Competitive landscape
  • Operational Plan
    • Actual intent to set-up operations

    • Viable plan to set up operations?

    • Ongoing operational capability
  • Marketing & Distribution
    • Effective marketing strategy

    • Effective advertising strategy

    • Clear distribution channels / strategy
  • Management Team
    • Is team experienced and capable?

    • Able to overcome risks / changes?

    • Proper Board or Advisory Board?
  • Financial Viability / Scalability
    • Attractive revenue / expense margins

    • Realistic start-up costs

    • Scalable product or service
  • Financial Projections / Returns
    • No cash flow or balance sheet issues

    • Realistic funding / capital structure

    • Attractive investor returns
  • Others
    • Intellectual property

    • Timeline for implementation

    • Realistic

    • Professional

    • Convincing strategy
  • Business plan should include/address the following:
    • Table of contents
    • Executive summary
    • Description of venture (company), explaining the concept clearly and persuasively
    • Opportunity or problem in the market you wish to exploit
    • How does your product/service address the problem or opportunity?
    • Who cares, and why do/should they care? How will they benefit from your product/service?
    • Current and potential competitors and venture’s competitive advantage
    • Target market(s), demographics and accessible size (#'s and )
    • Marketing strategy to reach target market(s) and projected % penetration
    • Business model (supply/production/distribution strategy, pricing, projected revenue streams, and margins)
    • Management team composition and relevant experience
    • Current state of the venture (e.g. product development stage, patents, contracts, current annual revenue (when first revenue was achieved), current sales, profit level, equity/debt raised so far, etc.)
    • Development timeline and key milestones
    • Equity ownership of each team member - total equity distribution (founders as well as other investors) along with dates raised
    • Explanation of the offering to investors indicating how much money is required, how it will be used, and the proposed structure of the deal, i.e., stock, debentures, etc. The team is not required to reveal its desired deal, although judges are entitled to ask questions about it. Also, delineate the possible exit strategies
    • Integration of graphical summary financial information is highly encouraged.

IDEA PITCH COMPETITION

  • 16 spots are allotted
  • The presentation order will be predetermined by a random draw before the competition
  • No visual aids or props are allowed
  • One representative from each team stands before the judges to “sell” their business venture in a concise but thorough and engaging way
  • Students have a 1-minute pitch followed by a 1.5-minute Q & A from the judges

LOGO COMPETITION

  • 16 spots are allotted
  • The presentation order will be predetermined by a random draw before the competition
  • One representative from each venture stands before the judges to explain their logo
  • Students have 30 seconds to explain their logo, followed by 1 minute Q & A from the judges