Rules & Guidelines

 

RULES & GUIDELINES

This competition is for high school students across the Province of Manitoba compete at this fun filled 1-day competition. Up to 16 teams will be selected and required to participate in an Elevator Pitch, Logo Pitch, Business Plan Presentation and Trade Show Competition for exciting cash prizes!

ELIGIBILITY

TEAM COMPOSITION:

  1. Individual students qualify as a team entry
  2. Elevator Pitch: Up to 2 students can participate
  3. Logo Pitch: Up to 2 students participate
  4. Business Plan Presentation: Up to 5 students participate
  5. Trade Show: Up to 3 students participate
  6. It is required for teams to participate in all four events of the competition
  7. Students must be enrolled in a high school in the province of Manitoba
  8. 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

  1. Entries cannot duplicate or copy an already existing/recognized business or franchise
  2. It is a requirement for teams to participate in all four events
  3. All teams must attest to all rules and guidelines
  4. 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

 PROCESS TO APPLY

Process for all applications:

Step 1: Fill out an application form (coming soon!)
Step 2: Fill out your executive summary, feel free to use this template- click HERE
Step 3: Email application form and completed executive summary template to amy.jones@umanitoba.ca by DATE TBD

Executive summaries should include:

  • 1 – 2 pages in length
  • PDF format
  • Magnitude of the problem
  • Outline of the solution
  • Market validation
  • Financial projections
  • Scalability

BUSINESS PLAN PRESENTATION RULES

  • Application and executive summaries are due DATE TBD 
  • 5 minute presentation hard stop
  • 5 minute Q & A  & Feedback hard stop   
  • 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
  • Teams will be required to send amy.jones@umanitoba.ca their complete PowerPoint presentation by DATE TBD
  • 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

  • 2 minute pitch hard stop
  • 1.5 minute Q & A hard stop
  • No visual aids, cue cards or props are allowed

What is an elevator pitch? Up to 2 presenters pitch their business venture in a concise but thorough and engaging way.

LOGO PITCH RULES

  • 1 minute pitch hard stop
  • 1 minute Q & A hard stop

Logos will be displayed on a poster board. Please ensure when sending in your logo the preferred files are vector files (.ai,.pdf,.eps)

What is a logo pitch? A logo pitch is where up to 2 presenters explain how their logo relates to their venture with their logo displayed on a poster board. Prior to the competition it is required for all teams to send in a high resolution logo.

TRADE SHOW COMPETITION RULES

  • Each team will be given their own table to set up their items / posters / props etc.
  • Teams are required to bring their own equipment such as power cords, easels etc.
  • Wireless internet is available

What is a trade show competition? Teams are encouraged to get creative with their booth, and make it exciting and visually appealing. Judges will walk around to each table and informally chat with students about their booth and their product / service. First impressions are everything!

WRITTEN BUSINESS PLANS

Select teams will be chosen and notified by DATE TBD regarding their acceptance

Written business plans from select teams are due to amy.jones@umanitoba.ca by 11:59 PM DATE TBD

WRITTEN BUSINESS PLAN RULES

  • Received by 11:59 PM DATE TBD
  • Submitted in PDF format
  • Number all pages
  • Cover page to include venture name, student name(s) and 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

WRITTEN BUSINESS PLAN SUGGESTED 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
    • Is the team able to overcome risks and changes
    • Proper board or advisory board (if possible)
  • 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 DISCALIMERS

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 (NDA’s) should not participate.

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

PRIZE AWARDS

Prizes will be distributed after the competition