Competition Rules

1. Teams must be currently enrolled Bradley University students, 

  • graduate or undergraduate,
  • full-time or part-time. 
  • A team can have no more than five students;
  • individual entries are permitted.
  • One team member substitution will be permitted with approval from the director.
  • Any changes to the team makeup must be presented for approval in writing to the competition director.
  • Team members are responsible for organizing their own company and structure. 
  • A person cannot be a member of more than one team.  (*Exceptions may be given to teams from any entrepreneurship-related class).

2. Teams must submit an electronic Letter of Intent to compete.

  • The letter should be sent as a Microsoft Word or PDF attachment in an e-mail to the Project Springboard Director (afairfield@bradley.edu) any time during the Registration Window and no later than 5:00 p.m. March 3, 2015.
  • The Letter of Intent must include the company name, a lead contact, team member names, their majors, their phone numbers and e-mail addresses, the ownership percentages, and a one page summary (*Please make this Page 2 of the document.) of the business being planned.

3. The competition director will assist teams in technical aspects of the business model canvas, but the director will not advise teams on substantive aspects.  The Springboard New Venture Competition Board (director) will not arbitrate any disputes between or among team members.

4. A New Venture Poster Competition will be held on December 9, 2014.

  • Springboard teams must participate.
  • Teams should be prepared to make a 5 minute presentation;
  • there will be 10 minutes for a question and answer session.
  • Team members may not contact any of the Judging Panel until after the final competition. Team members may not provide gifts, of any kind, to the judges.

5. Teams will follow the business model canvas format. The final deliverable is a four-page Executive Summary and pro forma financial statements (see judging criteria).

6. Team members are responsible for protecting intellectual property associated with their new venture.  The competition director will give reasonable care for any information provided, but neither the director nor the judges will be asked to sign confidentiality agreements.  It is expected that members of the media, venture capitalists, and the public may attend final oral presentations.

7. An electronic copy of the executive summary is due no later than 5 p.m. April 7th.

  • The executive summary must be no more than 4 pages.
  • All appendices and financial projections must not exceed 10 pages in length.
  • Executive summaries must be typed using Times New Roman 12 pt. font, 1.5 line spacing, with 1-inch margins, and paginated.

8. Teams should then prepare an oral and multimedia presentation.

  • Any other equipment needs must be requested at this time. 
  • Teams will be notified regarding the time and location of their formal presentation. 
  • Presentations will be videotaped.
  • Elaborate exhibits/demonstrations must have prior approval of the director.

9. All prizes are payable to the winning team members or to the winning teams' business entity and may be subject to tax.

10. In accordance with Bradley University's alcohol policy, business plans submitted for consideration should not contain alcohol as their primary focus.

Disclaimer

Sponsors/judges are not responsible for lost, late, mutilated or illegible entries nor for electronic transmission errors resulting in omission, interruption, deletion, defect, delay in operations or transmission, theft or destruction or unauthorized access to or alterations of entry materials, or for technical, network, telephone equipment, electronic, computer, hardware or software malfunctions or limitations of any kind, or inaccurate transmissions of or failure to receive entry information by sponsors or presenters on account of technical problems or traffic congestion on the Internet or at any website or any combination thereof. If for any reason the Internet portion of the program is not capable of running as planned, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the control of the sponsor which corrupt or affect the administration, security, fairness, integrity, or proper conduct of this contest, the sponsors reserve the right at its sole discretion to disqualify any individual who tampers with the entry process and to cancel, terminate, modify or suspend the contest.