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% • Manufacturing: 3% / 0% • Communication & Media: 10% / 13% • Non-Profit: 2% / 2% • Consumer Products: 6% / 7% • Retail: 8% / 6% • Services: 18% / 15% • Distribution & Transportation: 2% / 4% • Education: 13% / 16% • Telecom: 2% / 4% • Internet: 5% / 5% • Other 11% / 8% • IT: 13% / 13%
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 28 th @ 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
How to Register � Team leader must be from Penn � Entire process online: www.whartonbpc.com
The Press The Press
Last Year’s Highlights: The Venture Fair
Last Year’s Highlights: And The W inner’s Are… 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
Questions 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 Director of I T Gene Markin James Kao Director of West Coast Operations James Mullarney
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