The W harton Business Plan Com petition Building Tom orrow s - - PowerPoint PPT Presentation

The W harton Business Plan Com petition

Building Tom orrow ’s Leading Enterprises

The W harton Business Plan The W harton Business Plan Com petition Com petition

• Why Take Part?
• Overview
• Workshops & Mentoring
• How the BPC Support Other Entrepreneurial Activities
• How to Register
• Highlights from Last Year’s BPC
• Participant Perspective
• Q&A

W hy Take Part? W hy Take Part?

• Get your business plan off the ground – with cash!
• Network with seasoned VC’s and Entrepreneurs
• First-hand entrepreneurial experience
• Third-party validation
• Teamwork
• I t’s fun!!!

• Who Can Join?

–

Any Penn student

–

Any major, background, experience

–

Even people from outside Penn can participate on a team

–

In short - everyone!

• Relevant Stats: Last Year’s Competition

–

Phase I: 136 teams; 294 entrants; 10 schools

–

Phase II: 110 teams; 292 entrants; 6 schools

–

Breadth of industries

• Biotech: 6% / 7%
• Communication & Media: 10% / 13%
• Consumer Products: 6% / 7%
• Distribution & Transportation: 2% / 4%
• Education: 13% / 16%
• Internet: 5% / 5%
• IT: 13% / 13%
• Manufacturing: 3% / 0%
• Non-Profit: 2% / 2%
• Retail: 8% / 6%
• Services: 18% / 15%
• Telecom: 2% / 4%
• Other 11% / 8%

Overview of Com petition: Overview of Com petition: Tim eline Tim eline

• Phase I : Brief Business Concept

–

Non-competitive round: Submissions due by November 12

–

Judge feedback allows participants to refine their business idea

• Phase I I : Executive Summary

–

First competitive round: Submissions due by January 28

– 25 semi-finalists will be selected for Phase III

• Phase I I I : Full Business Plan

–

Submissions due by March 16

– “Great Eight” finalists chosen

• Venture Fair

–

Held in Huntsman Hall on April 26

– “Great Eight” finalists present in front of high-profile industry

leaders

Overview of Com petition: Overview of Com petition: Prizes Prizes

• Grand Prize: $20,000

– Venture Initiation Program – Opportunities to represent the University at other competitions

• Second Prize: $10,000
• Third Prize: $5,000
• Undergraduate Award: $5,000

–

Frederick H. Gloeckner Award in Entrepreneurial Studies

–

50%+ must be Wharton undergrad students

–

Team must reach semi-finals (Phase III)

• Other Non-Cash Prizes

W orkshops & Mentoring W orkshops & Mentoring

• Workshops

–

Idea Generation: Thursday, October 28th @ 4:30, JMMH 270

Gary Dushnitsky – Assistant Professor of Management

• Provide foundations and guidelines on how to stimulate

idea generation for new businesses

• Assess feasibility of ideas – general criteria used to

consider whether venture will be successful

Other planned workshops:

–

Team Building for Entrepreneurship

–

Business Plan Writing

–

Business Plan Financials

–

Developing your Pitch

–

Presentation Skills

• Mentoring

How the BPC Supports Other How the BPC Supports Other Entrepreneurial Activities Entrepreneurial Activities

• Wharton Venture Initiation Program

Wharton Venture Initiation Program

• PennVention

PennVention – – Weiss Tech House Weiss Tech House

• Entrepreneurship Conference

Entrepreneurship Conference’ ’s Business s Business Plan Challenge Plan Challenge

Team leader must be from Penn Entire process online:

www.whartonbpc.com

How to Register

The Press The Press

Last Year’s Highlights: The Venture Fair

Grand Prize: I nfraScan, I nc.

Handheld device to detect brain hematoma using Near Infrared Technology

Second Prize: CelfCure, I nc.

Technology aided stem cell harvesting from patients for disease self-treatment

Third Prize: BioSpectrum

Fast, low cost protein screening for billion dollar drug discovery market

Last Year’s Highlights: And The W inner’s Are…

Our Website: www.whartonbpc.com Committee I nformation:

Co-Chairs

Vivake Gupta Jeff Harmer

Directors of Judge Relations Directors of Mentoring

Michael Howe Amit Friedlander Allison Killilea Kalpesh Mehta Peter Schedler

Director of Operations Directors of Marketing

Timothy Hentzel Meghan Chikarmane Gene Markin

Director of I T

James Kao

Director of West Coast Operations

James Mullarney

Questions