International Indigenous Business and Entrepreneurship Conference Fostering Indigenous Entrepreneurship June 19-22, 2006 Sandia Resort & Casino Albuquerque, New Mexico Indigenous Business Plan Competition Student teams will present business plans to a group of judges consisting of successful entrepreneurs, venture capitalists, and other business experts from accounting, law and management. Each team is expected to pitch a plan about starting up a company to be funded by the judges, who are examining the plan as "investors" in the company. The written business plan is given to the judges before the presentation, which consists of a PowerPoint presentation of the plan. The business plans should focus on areas that are of interest to angel investors and venture capitalists. Each team will have 15 minutes to present its proposal to the investors and then 15 minutes to respond to the questions from the judges. DEADLINES: Binding intention to present: March 1, 2006 Competition Entry: April 4, 2006 PRIZES: First Place: $5,000 Second Place: $3,000 Third Place: $2,000 Download the offical entry form and the official rules and regulations. Eligibility The contest is open to all business students who will be enrolled full time during Spring Semester 2006. Contestants must be present for judging and the awards ceremony to collect their prizes. To enter the competition a team must form and register for the IIBEC Business Plan Competition. Each team must include technical qualifications as well as business expertise. For larger teams, a balance of technical and business expertise is recommended. There is no limit on the number of team members; however, small interdisciplinary teams are encouraged. Each team member must provide documentation of participation. Qualifying Ideas Each team will do the market research and business planning for a new business venture based in ideas developed at their research institution. Each team will: Evaluate the market potential of the product or service, including its potential for sustained profitability Apply or develop the proposed idea, and assess key feasibility issues Develop a comprehensive business plan. Each team may submit one entry. Contestants may use any reference materials or consult with any other persons, but it is expected that the plan will be the team's own work. Requirements Binding Intention to Present: Each team must submit a Binding Intention to Present by 5pm on Wednesday, March 1, 2006. Competition Entry Form: A Competition Entry Form is to be included with each Business Plan submission. This form is due by 12 noon on Tuesday, April 4, 2006. Business Plan: The Business Plan must be submitted with a Competition Entry Form by 12 noon on Tuesday, April 4, 2006. The Business Plan submission is the written plan you are submitting for judging: Submissions must be on 8.5 x 11 inch paper Margins must be one inch on all sides Text must be in the Times New Roman font, 12 point size Document text must be double spaced Ten copies of the plan must be submitted The copies must be professionally bound At a minimum, final submissions should follow typical "Business Plan" formats and should include: Monthly/Quarterly financial projections for two years and annual projections to five years, including a pro forma cash flow, income statement and balance sheet Other analysis, as appropriate (e.g. break-even analysis, estimated market share calculations, how much money is required, how it will be used, and the proposed structure of the deal) A working model or prototype, if practicable Market data based on customer research and customer response analysis No more than a 15-minute "PowerPoint" or similar overview/summary of the proposed business Plans must be limited to 20 pages, including the executive summary and summary financial data. Detailed spreadsheets and appropriate appendices may follow the text portion of the plan but will be limited to ten pages. In total, the plan should be no longer than 30 pages. A useful guide for structuring the business plan is Ernst & Young's Outline for a Business Plan. Plans should be sent to Raul Gouvea, Anderson Schools of Management, MSC 05 3090, UNM. Raul’s e-mail is rauldg@unm.edu. PowerPoint Presentation: Each team will be given 15 minutes to present its business plan followed by a 15-minute question and answer session between the presenting team and the Judges on a date in April to be determined. THESE TIME LIMITS WILL BE STRICTLY ENFORCED. Teams may not observe other teams' question and answer sessions until after they have presented their own plan. A team, once it has finished its presentation, may observe both the presentation and Q&A session of the teams that follow it. The presentation room will be set up with a LCD projector and screen. Each team will need to bring its own laptop computer. ALL TEAM MEMBERS MUST CERTIFY THAT ALL WORK ON THE BUSINESS PLAN IS ORIGINAL. Failure to meet the requirements listed in the Competition Entry form, the Binding Intention to Present, and the Official Rules and Regulations will result in disqualification from the Competition. (c)2005 iibec Some images provided by: