NATURE OF VENTURES
Ventures must intend to be operating companies with corporate structures and financial statements that reflect real operating revenues and expenses. This is intended to exclude investment vehicles, partnerships, franchises, licensing and other pass-through entities where returns are measured for investment value versus operating earnings.
The competition focuses on new, independent ventures in the seed, start-up or early growth stages. In addition to what is outlined in the above paragraph, generally excluded are the following: buy-outs, expansions of existing companies, roll-ups, real estate syndications, tax shelters, franchise based outlets, licensing agreements for distribution in a different geographical area and spin-outs from existing corporations. Licensing technologies from universities or research labs is encouraged assuming there has been no previous commercialization. Key in these types of ventures is demonstrating significant added value to the technology through the efforts of the management team.
All ventures must be seeking outside equity capital thus it is expected that their business plan and presentation will be investor ready.
Ventures, and their base concepts, may compete for only one season (academic year) in the Stu Clark Investment Competition. Ventures that have generated revenue or raised capital from sources other than the members of the student team or their immediate friends and family before the current academic year are excluded. However, awards and grants received prior to the current academic year are not considered to be revenue under the guidelines of this competition. SCIC reserves the right to request copies of any funding agreements.
UNIVERSITY SPONSORSHIP AND FACULTY ADVISOR INVOLVEMENT
The business venture may be developed under direct faculty supervision. The faculty advisor must, on behalf of the sponsoring university, attest to the eligibility of the team, their adherence to the rules and guidelines and acknowledge potential penalties for violations and infractions. Ideally, the venture will be prepared for credit in a regularly scheduled course or as an independent study. The executive summary and business plan must represent the original work of members of the Student Team (see below), however the core invention itself may have been developed by an external party as long as they are working with the Student Team in some capacity (such as advisory board).
This competition is primarily designed for graduate students, meaning those students in Masters and PhD programs, however their may be involvement from others as outlined below:
Non-presenting team members, assistants or helpers may attend the competition as observers but cannot participate in any competition related events, e.g. Idea Pitch, Logo Competition, or attend judges feedback sessions. Any exceptions to the above Team Composition rules must be in the best interests of fair competition and agreed to unanimously by the SCIC Competition Committee.
STUDENT ENROLMENT AND ELIGIBILITY
The competition is for student-created, managed and owned ventures. The guidelines are:
All members of the Student Team and Presenting Team must have been students at some point during the current academic year, which in most universities is defined as September 1, 2017 - August 31, 2018. Students are not allowed to compete at the SCIC competition in multiple academic years using the same venture and / or business plan.
Deadline for executive summaries is Friday January 26, 2018.
Executive Summary Rules:
Executive Summary Guidelines:
After review of the executive summaries, 16 teams will be chosen by February 5, 2018 for the competition. These 16 competing teams must submit their business plans by February 23, 2018.
Business Plan Rules:
Business Plan Guidelines:
BUSINESS PLAN PRESENTATION RULES
The presentation format is 15 minutes presentation followed by 15 minutes Q & A. Each member of the team present at the competition must participate fully during the formal presentation of the plan.
Teams may not observe other teams present in their division until after they have presented their own plan.
Each team needs to supply its own PC-compatible laptop computer and is responsible for assuring it works with the provided audio-visual equipment in advance of their presentation.
Props such as a prototype model, or an app on an iPhone are allowed for the semi-finals and final championship round presentation.
SCIC does NOT supply presentation powerpoint clickers for presenting teams so please ensure to bring your own.
Teams may videotape or record their own presentations but cannot record presentations of competition teams without the express written release of all team members and the attending faculty adviser.
IDEA PITCH RULES
1 minute pitch followed by 1.5 min Q & A. No visual aids or props are allowed.
LOGO PITCH RULES
30 second logo explanation by team member followed by 1 min Q & A.
Teams requiring non-disclosure agreements (NDAs) should not participate.
All sessions of the competition are open to the public and may be broadcast to interested persons through media which may include radio, television and the Internet.
Any data or information discussed or divulged throughout the competition should be considered information that will enter the public domain.
The organizer of the Stu Clark Investment Competition may make photocopies, photographs, video recordings and/or audio recordings of the presentations including the business plan and other documents, charts, media or other material prepared for use in presentation at SCIC.
DROPPING OUT OF A COMPETITION
If at any time a team withdraws or does not compete in a competition after accepting a participation bid, the team and university will be subject to disqualification from competing in the SCIC for that year and the following year - a two-year ban.
RULE AND GUIDELINE VIOLATION REPORTING PROCESS
Adherence to the rules and guidelines set forth in this document is critical to the success and credibility of the SCIC. To that end, SCIC has set up a due diligence process:
All reported issues will be reviewed and if deemed necessary penalties will be imposed upon the identified team and its sponsoring university.
Teams are encouraged to review award criteria, categories and amounts for the SCIC. In most cases, distinction is made between cash and non-cash awards along with accompanying restrictions or agreements. It is the responsibility of the participating team to fully review the award structure including possible payout or investment requirements.
GUIDELINES HOW TOP CANADIAN TEAM IS AWARDED:
Teams must be present at the competition’s scheduled closing award event. Failure to attend will result in forfeiture of all awards and prizes secured during the competition