2014 Business Plan Competition at

The Paul Merage School of Business


 

Register for the

2014 Business Plan Competition

at The Paul Merage School of Business 

 

 

Click Here to Register Today!!

 

 

The 2014 Business Plan Competition at The Paul Merage School of Business is one of the nation's premier business plan competitions offering all UC Irvine students, staff and researchers the opportunity to form a team, create a business plan and potentially fund their business idea all within six months. The competition begins with our signature Kick-off event.  At the Competition Kick-off, participants learn more details about the competition prizes, rules, registration procedures and meet some of the winners from previous years. After registering on meragebpc2014.istart.org, participants form a team, submit their concept papers, attend competition related workshops and submit their final business plan. This culminates in the selection of the semi-finalists and the finalists.  The Final Presentations and Awards Ceremony for the Competition will be held on Friday, May 16, 2014, where over $30,000 in cash prizes will be awarded. Between the kick-off and finals, we offer six workshops covering a broad area of business plan development skills led by expert practitioners from across Orange County. The Competition also provides individual team coaches to all teams that qualify for the semi-finals.




The 2014 Business Plan Competition Description and Rules

 

CONGRATULATIONS TO OUR

2013 BUSINESS PLAN COMPETITION WINNERS!


NoreGen

$30,000 UC Irvine School of Medicine Life Science Award

$3,500 3rd Place, Campus Wide Division

 

LAS

$15,000 1st Place, Campus Wide Division

 

ValveStrong

$7,500 2nd Place, Campus Wide Division

$6,000 In Kind Tech Portal Orange Residency Award

$500 Best Concept Paper, Campus Wide Division

 

Nobles Medical Technology

$2,500 1st Place, Undergraduate Division

$500 Best Concept Paper, Undergraduate Division

 

MEGALINE

$2,750 In Kind TechPortal Calit2 Residency Award

 

Bloom Diagnostics

$2,500 UC Irvine Environment Institute Award

 

PixiePerfect

$2,500 Fort Ashford Info Tech Innovation Award

 



 



Contact:

Tracy Nguyen

BPC Program Manager

Phone: 714.943.2812

Email: tracyngn@gmail.com

 

Collene Houston

Coordinator - The Don Beall Center for Innovation & Entrepreneurship

Phone:949.824.4061

Email: chouston@uci.edu

 

 


 

 

 

 

 

 

 

 

 

 

 




Competition Information:

Competition Format
Teams
Business Plan/Idea
Judging Guidelines
Award Divisions
Special Awards

Clean Tech Award

Competition Registration
Competition Calendar
Resources

UPCOMING EVENTS:


2014 BPC Competition Kick-Off

Tuesday, November 19, 2013
UC Irvine Student Center
Doheny AB
5:30pm-8:00pm

 

 

View all competition events

 

2013 Competition Winners and Photos

 



1. Competition Format BACK TO TOP MENU
The Competition has Two Phases:
 
Phase One: Concept Paper Phase
 
Winter quarter, 2014, the Concept Paper Phase begins with all teams self-registering on meragebpc2014.istart.org and then joining the 2014 Business Plan Competition at the Paul Merage School of Business Group by 11:59pm, Monday, January 20, 2014. This is required. 

For further instructions on how to register click HERE

Following the 2014 Competiton registration on meragebpc2014.istart.org, three workshops are provided to assist competitors with their concept papers. Teams then submit a three-page Concept Paper about their business opportunity by uploading their concept paper in .pdf form on meragebpc2014.istart.org. (Concept papers are due by 11:59pm, February 3, 2014). With the Concept paper, please provide a cover sheet that gives the names of the team members including their respective school affiliations, graduate/undergraduate status and e-mail address. This cover page does not count against the 3-page maximum of the concept paper.
 
This initial three-page document is the equivalent to the Executive Summary of the business plan that the team will develop during the second phase of the competition. A sample of the concept paper is provided at the bottom of this page. Teams must join the 2014 Business Plan Competition Group on meragebpc2014.istart.org before submitting their concept papers.
 
From the concept paper submissions, a panel of judges will select a maximum of 16 teams for participation in Phase II of the competition. The teams selected to continue in the competition will be notified on February 14, 2014 and coaches will be matched with each of the semi-finalist teams soon thereafter. Awards are given to recognize the team with the best concept paper for the overall competition as well as to the team with the best undergraduate concept paper.
 
Phase Two: Business Plan Development Phase
 
Teams that are selected for the second phase will work with their coach to submit a 15 page business plan (including all appendices) for the competition. (Business Plans are due by 11:59pm, April 14, 2014)
 
The 15-page business plan must be submitted on time in order to compete in the final round of the 2014 Business Plan Competition at the Paul Merage School of Business. Please provide a cover sheet (provided below) that gives the names of the team members including their respective school affiliations, graduate/undergraduate status and e-mail address. This cover page does not count against the 15-page maximum of the business plan. All submitted business plans are required to be uploaded through meragebpc2014.istart.org in .pdf format.
 
The judging of the written business plans is completed by the judges prior to May 16.  The judging of each semi-finalist's presentation will be made to a panel of judges on Friday, May 16, 2014 in our presentation rooms the UC Irvine Student Center on the UC Irvine Campus. This will be an all day event. Judges will make their decisions and the formal recognition of all award winners will be acknowledged that day. 

 



2. Teams BACK TO TOP MENU
All UC Irvine Graduate and Undergraduate students are invited to participate in the business plan competition and to form or be part of a competing team. Teams must have:
- At least three (3) total members:
- At least two (2) members must be registered UC Irvine students*
- At least one (1) member must be a student in one of the Paul Merage School’s degree programs**
*A “registered student” is defined as a bona fide student registered at UC Irvine for at least two (2) quarters during the 12-13 academic year.
** full time MBA, fully employed MBA, executive MBA, health care executive MBA, joint-MBA and Masters programs with other UC Irvine Schools, Doctoral or Undergraduate (major and minor) programs 
 
May teams include any non-UC Irvine student members? 
Yes, once the team is organized by a UC Irvine student and has at least one Paul Merage School student member, non-students may participate as Auxiliary Members of the team. There is no official upper limit on the number of team members, however about five (5) members is the practical upper limit for an effective team, including any auxiliary members. Auxiliary (non-student members) are expected to be present with their team during all competition events. 
 
Undergraduate Teams:
An undergraduate team is defined as a team where all team members are current undergraduates. One team member must be a registered UC Irvine undergraduate student in the Paul Merage School of Business (majors as well as minors.) Undergraduate teams may compete for all overall competition prizes as well as specific undergraduate Awards.

Changes to your team's composition are allowed up to April 14-- the point at which business plans are submitted.  Your final team composition will be considered to be the individuals listed on your business plan cover pages submitted through meragebpc2013.istart.orgPlease keep in mind that should your team win a cash award, University policy requires that all team members split the award evenly.
 
How can I attract more Team Members?
Please use the Facebook group, 2013 Business Plan Competition at The Paul Merage Schoool of Business, discussion wall to advertise your interest in recruiting additional team members.  Another option is to contact Tracy Nguyen, BPC Project Manager, to join the running list of interested participants.  Tracy can be contacted via e-mail at tracytn3@uci.edu.   Of course, use the Competition kick-off on November 19, 2013 to network with others.

 



3. Business Plan/Idea BACK TO TOP MENU
Teams must present an original idea for a company which may not have been in existence prior to 2012. Teams must be in a "pre-incubator" form and must not be backed by incubators, existing companies or venture capitalists.
 
Concept Paper and Business Plan Format: 
Concept Papers must not be over three pages, excluding the cover page 
Business Plans must not be over 15 pages, excluding the cover page
 
For both documents:
Margins must not be smaller than ½ of an inch on any side
Body text should be between 11 and 12 points inclusive.
Document text should be single-spaced
Submit documents only as a single file in Adobe Acrobat format (.pdf format).


4. Judging Guidelines BACK TO TOP MENU
The judges are professionals who come from various business backgrounds and they include experienced investors (angels, venture capitalists, investment bankers), experienced entrepreneurs and senior business people and service professionals who interact with early stage companies like intellectual property attorneys and early stage accounting and consulting firms. Each judge is an expert in the process of starting a business. The judges consider specific criteria when evaluating concept papers and business plans, however ultimately, winning teams usually are those in which the judges would most likely invest their own money. This decision is influenced heavily by several factors: 
  1. Size and growth rate of the market addressed
  2. Likelihood that the team can create a sustainable competitive advantage
  3. Simplicity of the business model described
  4. Believability of the business plan

Specifically, judges are asked to evaluate each semi-finalist on the following criteria:

  • 40% - Quality of business plan
      -  Executive Summary & Company Overview
      -  Products or Services
      -  Market Need
      -  Market Potential for Your Product or Service
      -  Competitive Advantage
      -  Management
      -  Financial Forecasts
  • 40% - Impact of Presentation
      -  Provide evidence of a market
      -  Provide evidence of ability to execute
      -  Provide evidence of a return on investment
  • 20% - Judges’ assessment of idea potential

 



5. Award Divisions BACK TO TOP MENU
The 2014 Business Plan Competition at the Paul Merage School of Business is organized into ten different awards: 
 
Overall Competition
All teams, including undergraduate teams compete in the Overall Competition, as it is open to all UC Irvine students, researchers and staff. Overall Competition teams, must have at least three (3) members of which two (2) of members must be registered students at UC Irvine and one (1) of which must be a Merage student. Students and researchers may be from any UC Irvine school or department. The prizes are:
 

  -  First Place Prize: $15,000 Cash
  -  Second Place Prize: $7,500 Cash

  -  Third Place Prize: $2,500 Cash
  -  Best Concept Paper: $500 Cash

  -  TechPortal Calit2 In Kind Award: $3,600 

 

Undergraduates ONLY
On the day of the final presentations, Undergraduate teams not placing in the Overall Competition will be considered for awards given to undergraduates only. Teams considered for the Undergraduate Award must have at least three (3) members and be composed of only undergraduates of which two (2) of members must be registered students at UCI and one (1) of which must be a Merage student. The prizes are:

  -  First Place Prize: $2,500 Cash
  - Second Place Prize: $1,500 Cash
  - Third Place Prize: $1,000 Cash
 
 

 

 



6. Special Awards BACK TO TOP MENU
California Dreamin' Competition:
The winner of the entire competition (including all divisions) has a great opportunity to participate in the California Dreamin' Competition, hosted by Chapman University. On April 26th teams from Universities across California will compete for prizes worth over $100,000. Participating schools include:

  - UC Irvine

  - UCLA

  - UC Berkeley

  - Stanford University

  - Caltech

  - Cal State Fullerton

  - Chapman University

 
 

Calit2 TechPortal Award:

TechPortal is a business technology incubator in the Calit2 Building. Calit2 TechPortal Award goes to the BPC first place winner. It serves as a gateway to commercial viability for UCI-based startup. It includes 6 months free tenancy worth $3,650, offers affordable space, access to facilities, services and mentoring.

 

 

7. Vator.tv People Choice Poll BACK TO TOP MENU
8. Competition Registration BACK TO TOP MENU

Registering for the 2014 Business Plan Competition at the Paul Merage School of Business is easily completed by:

  1. Go to meragebpc2013.istart.org to register.
  2. ONLY One team member need to create a team Company and fill out the resulting form.
  3. To join the 2014 Business Plan Competition at the Paul Merage School of Business, click on the  "Log In/Registration" tab and click on "Create User Account".
  4. Fill out the necessary information and click "Submit".
  5. An activation e-mail will be sent to your inbox almost instantaneously.  Make sure that you click on the link in the e-mail and log in as a new user to activate the account.
  6. Congratulations!!  You have now joined the 2014 Business Plan Competition at the Paul Merage School of Business.
  7. You may now create your team homepage, upload pictures and documents, post your logo and e-mail friends and family about your new business opportunity

 



9. Competition Calendar BACK TO TOP MENU

Tuesday, November 19, 2013

2014 BPC Kick-Off

UC Irvine Student Center

Doheny A&B

5:30-8:30 pm

  

Tuesday, January 14, 2014

2014 BPC Workshop

Assessing the Market

Andy Mindlin, RealWorld Marketing

Merage School Executive Commons, MPAA 100

6-8:30 pm

RSVP Today!

 

Monday, January 20, 2014

Competition Registration Closes

11:59 pm

 

Tuesday, January 22, 2014

2014 BPC Workshop

How to Develop a Winning Concept and Lead Your Team to Success

Charlie Baecker, Don Beall Center for Innovation and Entrepreneurship

John Creelman, Rain Tree Oncology Services

Merage School Executive Commons, MPAA 100

6-8:30 pm

RSVP Today! 

 

Monday, February 3, 2014

Competition Deadline:

Concept Papers Due

Submit via iStart by 11:59 PM

 

Tuesday, February 11, 2014

2014 BPC Preview Breakfast

Law Offices of Stradling Yocca Carlson & Rauth

8-9:30 am

 

Tuesday, February 11, 2014

2014 BPC Workshop

How to Write a Business Plan

Seth Yakatan, Yakatan and Associates

Merage School Executive Commons, MPAA 100

6-8:30 pm

 

Friday, February 14, 2014

Competition Semi-Finalists Announced

5:00 pm


Wednesday, February 19, 2014

2014 BPC Workshop

Intellectual Property & Protection/Product Development

Sandra P. Thompson, PhD, Buchalter Nemer, APC

Merage School Executive Commons, MPAA 100

6-8:30 pm 

  

Wednesday, March 12, 2014

2014 BPC Workshop

Value Creation Roadmap

Charlie Baecker, Don Beall Center for Innovation and Entrepreneurship

Panel Discussion with past BPC Teams

Merage School Executive Commons, MPAA 100

6-8:30 pm

 

Wednesday, April 2, 2014

2014 BPC Workshop

Presentation Skills for Pitching Investors

Mike Cannon, Mainpoint Communications

Merage School Executive Commons, MPAA 100

6:00-8:30 pm

 

 

Monday, April 14, 2014

Business Plans Due
Submit via iStart by 11:59 pm

 

 

Tuesday, May 6, 2014

Competition Judges Orientation Breakfast

Merage School Executive Commons, MPAA 100

7:30-9:30 am

 

Friday, May 16, 2014

2014 BPC Competition Final Presentations and Awards Ceremony

UC Irvine Student Center

Doheny A-D, Emerald Bay A-E, and Crescent Bay A-D

7:30 am-6:30 pm

 



10. Resources for Participants BACK TO TOP MENU

There will be numerous resources available to the teams throughout the competition. They are as follows:

  • Reading materials on this site
  • Links to various websites and online publications
  • Guidelines on what is expected in the concept paper and final business plans
  • Workshops on the key elements of a business plan will be offered from January through April
  • Team coaches for teams selected for Phase II

Resource Center

 



BACK TO TOP MENU