high school business plan competition

Stu Clark New Venture Championships: High School Edition

2023 Championships - UNDER CONSTRUCTION

Dates

TBD

Location

TBD

Overview

The Stu Clark New Venture Championships: High School Edition is a competition for
high school students across the Province of Manitoba with over $6,000 in prizes to be won!


This competition exposes students to important life skills such as public speaking, and writing skills and creative thinking in an entertaining and safe way. Along with winning great prizes, students will gain insight and feedback from our judges.


Ventures can be anything students are highly passionate about! We’ve seen unique concepts such as a public speaking virtual reality app, a mobile car detailing service, gourmet homemade hot sauce and spray-on grip that improves the performance of athletic shoes! This is an exceptional experience for high school students!

Important dates

  • Deadline to apply (11:59 PM CST)

Prizes

  • Prize Money TBD

    • 1st Place
    • 2nd Place 
    • 3rd Place
  • All prizes are in Canadian dollars.

Schedule

TBD

Eligibility

Presenting Team Composition:

  • Individual students qualify as a team entry
  • Elevator Pitch: 1 student will pre record a 2 minute video pitch
  • Business Plan Presentation: Up to 5 students participate
  • It is required for teams to participate in both events of the competition
  • Students must be enrolled in a high school in the province of Manitoba
  • If the business is a joint venture, the competing student must be a significant contributing factor to the business and not just a spokesperson

Other:

  •  Entries cannot duplicate or copy an already existing/recognized business of franchise
  •  All teams must attest to all rules & guidelines
  •  The Competition Director reserves the right to disqualify or penalize any team that violates the rules, regulations or the spirit of the competition. 

How to apply

Steps

  1. Fill out application
  2. Create a 1-2 page executive summary
  3. Submit application form by Friday April 29, 2022 (11:59 PM CST)

Application requirements

Executive summaries should include:

  • an outline of the magnitude of the problem
  • an outline of the solution
  • market validation
  • financial projections
  • scalability

Executive summaries should be:

  • 1 - 2 pages in length
  • PDF format
  • 1.5 spacing with 12 point font

Rules and guidelines

This competition is for high school students across the Province of Manitoba.

Business Plan Presentation Rules

  • Application and executive summaries are due April 29, 2022 (11:59 PM CST)
  • Presentation format:
    • 10 minute presentation with a hard stop
    • 10 minute question & answer from the judges
    • 10 minutes of feedback from the judges
  • Only team members who present are able to participate in the Q & A portion
  • Props (prototypes, iPhone apps etc.) are allowed in the presentation
  • Only members who actively present are able to participate in the Q & A discussion

Elevator pitch rules

What is an elevator pitch? One presenter will record their elevator pitch about their venture in a concise but thorough and engaging way.

  • 2 minute pitch hard stop
  • Due to the virtual format we encourage students to get creative! 
  • The elevator pitch video may contain graphic images, video enhancements, and background noise, however it must contain at least one student speaking to the business concept
  • The purpose of the elevator pitch is to capture the attention of the judges while explaining to them the value behind your business
  • The more creative, the better!
  • All content and graphics should be relative to the business and enhance the overall message

 

Written business plans rules and guidelines

Rules

  • 16 teams will be chosen and notified by May 3, 2022 regarding their acceptance
  • Written business plans from accepted teams are due to amy.jones@umanitoba.ca by May 17, 2022 (11:59 PM CST)
  • Must be submitted in PDF format
  • Submitted in PDF format
  • Number all pages
  • Cover page to include venture name, student names, all student email addresses and name of High School
  • Cannot be longer than 12 pages following these limitations below
    • 1 page – Cover Page
    • 1 page – Table of Contents
    • 1 – 2 pages – Executive Summary
    • Up to 5 pages – Main Report
    • Up to 3 pages – Appendices & Citations

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 and distribution
    • Effective marketing strategy
    • Effective advertising strategy
    • Clear distribution channels / strategy
  • Management team
    • Is team experienced and capable?
    • Able to overcome risks  and 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

Privacy disclaimers

As this competition is open to the public, data or information discussed or divulged throughout the competition is considered information that can enter the public domain therefore teams requiring non-disclosure agreements (NDAs) should not participate.

Any footage of the event will be used for marketing, PR, promotional materials.

Contact us

Amy Jones
Program Coordinator
Stu Clark Centre for Entrepreneurship
Room 212 Drake Centre
181 Freedman Crescent
University of Manitoba
Winnipeg, MB R3T 2N2 Canada
 

204-898-7811