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Merrick School of Business

Competition Rules and Eligibility


Competition Rules

General Requirements

  1. Open to all University of Baltimore Students of all disciplines (must be registered, and in good standing) and UB Alumni.
  2. NO CEI staff can participate.
  3. There is no entry fee.
  4. Entrants can be an individual or a team.
  5. Participants can have only one entry (as an individual or a member of a team)
  6. Applications may be revised up until application deadline (April 4, 2014, 5 p.m.)
  7. The competition has two groups: UB Students and UB Alumni.  Each group has two categories which are:
New Business Idea: consists of the entry application and a one (1) minute pitch video with your idea 300 words or less and should include features and benefits, identify buyers, why they will buy, and the price they would be willing to pay
Existing Business Idea: consists of the entry application, a one (1) minute pitch video, and an Executive Summary (two (2) pages plus a cover page)

Teams

  1. No more than five members to a team.
  2. Entrants may not join more than one team.
  3. All teams must be formed at time of entry.
  4. Team members may not decrease or increase after application deadline.
  5. Teams can consist of a combination of students and alumni (combo teams), however, combo teams can compete in only one entry group and category
  6. For winning teams, cash prizes will be equally divided among team members.


Idea Pitch

  1. The proposed or existing idea should, to the best of your knowledge, not be in violation of any intellectual property right.
  2. Competition participants may not contact contest judges from any round and judges are not to contact any contest participants during the course of the Competition.

Competition Prizes Breakdown

Group Category Cash Prize

UB Students  New Business Idea         $500
   Existing Business Idea         $2,500
 UB Alumni  New Business Idea         $500
   Existing Business Idea         $2,500
Audience Choice  Best Idea: New or Existing         $250

 

  1. There are both monetary and "in-kind" prizes available for the overall four categories from two competition groups. The UB Student group will have one (1) New Business Idea winner to receive a cash prize of $500, and one (1) Existing Business Idea winner to receive a cash prize of $2,500.   Likewise, the UB Alumni group will have one (1) New Business Idea winner to receive a cash prize of $500, and one (1) Existing Business Idea winner to receive a cash prize of $2,500.  In addition, the four winners will be entitled to receive professional services with a total value of $8,500, consisting of business development services more.  In addition, there will be (1) Honorable Mention audience favorite winner, chosen among the non-winning finalist, to receive a cash prize of $250.
  2. A panel of judges will select the (2) winners from the Current UB Student group and the (2) winners from the UB Alumni group.  The judges’ decisions are final.  The audience, at the live competition, will select the winner of the Audience Choice award by a paper-ballot majority vote.
  3. The Competition Consists of Two Rounds:

Note - Entries that do not meet the requirements under the rules section or submit incomplete presentations will be automatically disqualified.


Round One (Qualifying Round)

  1. All entrants must register using the registration form on Pitchburner.com. Upon registering, entrants will be able to track submissions and access judges’ comments, for feedback.
  2. Electronic submission: Your one (1) minute pitch video and executive summary (for Existing Business Ideas entries only) must be submitted, via the submission link, at Pitchburner.com by 5:00 pm. on April 4, 2014.
  3. Each first round submission will be reviewed and judged according to:

    Market opportunity

    Understanding of competitors

    Market opportunities and competition

    Product/Service viability

    Business model viability

    Overall attractiveness of the opportunity

  4. Each entry will receive Judges’ feedback.
  5. Eight (8) entries will be selected to move on to the Final Round—notifications will be provided by April 18, 2014.

Final Round (Live Pitch)

  1. Entrants that qualifies for the final round, but do not present at the live pitch, final round, on will automatically be disqualified.
  2. Each entrant that qualifies for the final round is required to present their New or Existing Business Idea to a panel of judges on May 1, 2014 in 3-5 minutes for New Business Ideas and Existing Business Ideas.  This constitutes the Final Presentation.

Intellectual Property
Ideas have little value until they are developed into actual companies or have issued patents.  With that said, you should only disclose information with which you are comfortable.  At this juncture, it is not necessary to explain exactly how you do something to the point that might give away secrets. However, realize the opportunity and how you can take advantage of it.