Business Plan Competition
- 1st Place $10,000
- 2nd Place $5,000
- 3rd Place $2,500
- 4th Place $1,000
Stu Clark New Venture Championships: Undergraduate Edition
The Stu Clark New Venture Championships: Undergraduate Edition is open to all post-secondary schools across the globe and students can apply individually or as a team. This competition is an excellent opportunity to bridge classroom learning to real life experience as students pitch their ideas in front of judges and gain valuable feedback.
On this page
Stu Clark New Venture Championships: Undergraduate Edition
2023 Championships
Dates
March 9 & 10, 2023
Location
TBD
Overview
The competition is for undergraduate students across the globe to gain real experience while developing and growing new ventures based on the student created, managed or owned ventures. Teams will also receive expertise and feedback from our leading industry expert judges.
Throughout this 2-day competition teams will compete in an Elevator Pitch and Business Plan Presentation for and will evaluate the feasibility, market opportunity and business model of a new venture.
Important dates
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Deadline to apply (11:59 PM CST)
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Teams advised of acceptance
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Elevator pitch due (11:59 P.M. CST)
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Business plans due (11:59 PM CST)
Prizes
-
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Elevator Pitch Competition
- 1st Place $1,000
- 2nd Place $750
- 3rd Place $500
- All prizes are in Canadian dollars.
Schedule
2023 Scheduled TBD
Eligibility
Presenting Team Composition
- Individual students qualify as a team entry
- Teams must be 1 - 5 students
- This competition is for full time or part time undergraduate level students enrolled in the current academic year
- Students must be enrolled in a post-secondary institution
- 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 or franchise
- The competition requires students to participate in both events: Business Plan Presentation, and Elevator Pitch
- Participants should dress is business or business casual attire
- All teams must attest to all rules and guidelines
- This document sets out guidelines to capture these goals and not every circumstance can be anticipated. 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
- Fill out an application.
- Create a 1-2 page executive summary
- Submit an application form and executive summary via Startup Tree by January 12, 2023 (11:59 PM CST)
Application requirements
Executive summaries should include:
- 1 - 2 pages in length
- PDF format
- 1.5 spacing with 12 point font
- Magnitude of the problem
- Outline of the solution
- Market validation
- Financial projections
- Scalability
Rules and guidelines
The Stu Clark New Venture Championships: Undergraduate Edition is an exciting competition open to all undergraduate students across the globe!
Throughout this 2-day competition individually or as a team, students will compete in an Elevator Pitch and Business Plan Presentation for a generous prize purse!
Business plan presentation rule
Application and executive summaries are due January 12, 2023 (11:59 PM CST)
- 15 minute presentation hard stop
- 10 minute Q & A hard stop
- 5 minute feedback
- Only team members who present are able to participate in the Q & A portion
- PowerPoint (prezzi, google drive etc) will already be loaded on the computer provided by the venue
- Props (prototypes, iPhone apps etc.) are allowed in the presentation
- Teams may only videotape or record their own presentation
- Only members who actively present are able to participate in the Q & A discussion
Elevator pitch rules
- 1 minute pitch hard stop
- 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 more creative, the better!
- The purpose of the elevator pitch is to capture the attention of the judges while explaining to them the value behind your business
- All content and graphics should be relative to the business and enhance the overall message
- Any inappropriate verbiage or graphics will result in disqualification
- Plagiarism will result in disqualification
- We encourage teams to get creative and to keep in mind that their elevator pitch is being judged on content, professionalism and overall strength of the pitch
- Business dress is recommended
Written business plans rules and guidelines
Teams will be chosen and notified by January 19, 2023 regarding their acceptance.
Written business plans from all teams are due to amy.jones@umanitoba.ca by Thursday, March 2, 2022 (11:59 PM CST)
Rules
- Submitted in PDF format
- Number all pages
- Cover page to include venture name, student name(s) and University
- Cannot be longer than 21 pages following these limitations below
- 1 page – Cover Page
- 1 page – Table of Contents
- 1 – 2 pages – Executive Summary
- Up to 10 pages – Main Report
- Up to 6 pages – Appendices
- 1 page – 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.
Prize awards
All prize money is in Canadian dollars and will be distributed after the competition.
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