New Venture Competition 2018

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Presentation transcript:

New Venture Competition 2018 Practice Pitch Night April 24, 2018

Poster Boards Final poster (file) MUST be delivered to Sarah by Tues, Apr 24, 4PM If you want MAPS.com to print your poster for you MAPS.com logo must be included on one of the corners Logo can be found in the Google box Size: 36” x 48” or smaller, landscape or portrait Embed all fonts and graphics into your mock-up (min. 300 dpi res) Convert to high resolution pdf format for submission Recommend white background with min 1/2 inch border Posters will delivered to TMP by Tuesday 3/1 for inspection Can pick up, or have TMP bring to Fair

Poster Boards & Exhibits: Special Requests If you have a special request for your exhibit, please see Sarah to make sure we can accommodate No special requests honored after tonight Examples: Product demonstrations Anything requiring additional space or resources

New Venture Fair – the details (again) Wednesday, May 2nd, 2018 in Corwin Pavilion 5:30PM start time Set-up will begin at 3:30PM Get there early, set-up, have some food… Tradeshow format See Sarah if you have a special requirement for your exhibit Judged by the public Will end at approximately 7:30 or 8:00PM

New Venture Fair A unique learning experience Act professionally Potential to meet mentors / future investors (see me!) Networking opportunity with the local business community Potential employment? Act professionally Dress appropriately Be on time Be prepared

Rules and Disclosure Form All team members must sign disclosure form for official acceptance into the NV Fair Student standing, prior funding, faculty approval, IP release, etc… Community will judge the Fair to help determine NVC finalists NFC Finals Prizes Estimate $30,000 to $40,000 total cash prizes Categories to be determined Usually a $$ cap any one team can win 5 to 6 finalists advance

Criterion for Judging / Advancing to Finals Quality of the product / service Clear value proposition, product differentiation, market disruption Strength & clarity of the business model Clarity around customer segments, distribution channels Revenue stream / cost structure attractive and easy to understand Market opportunity / scalability Market defined and quantified, attractive, competition identified Ability for the business to grow / expand Quality of the team Qualifications, domain knowledge, experience Overall attractiveness of the venture and submission materials

“G2” Summer Launchpad Eight-week program focused on product commercialization and business launch Go to market strategies & tactics Operations and metrics Selling & marketing fundamentals Legal formation / IP strategy Financial systems / raising capital Applications accepted starting May 1 The Garage will be home to the G2 Summer Launchpad The G2 is an accelerator program designed to facilitate the transition from the academic environment to the real world, where the focus (of the startups) moves from idea creation and business model development, to product commercialization and business launch The G2 program is sponsored by the Goleta Entrepreneurial Magnet (GEM),

Event Schedule – Mandatory Practice NV Fair Tues, April 24 (ESB 1001) 7PM Financial Forecasting & Legal office hours - TBD New Venture Fair Weds, May 2 (Corwin) 5:30PM NVC finalists announced Mon, May 7 Investor Pitch Practice Week of May 14 (Garage) “Shark Tank” Practice Event Tues, May 22 (Loc: TBD) 6PM (Prizes) NVC Finals Thurs, May 24 (Corwin) 3PM (1PM) Gauchos in Tech Event Weds, May 30 (SF – TBD)

Objectives for Tonight Mentors – provide feedback: Opening The business pitch Knowledge of the business Feedback on poster board Teams Look for themes Practice different approaches Edit your board and your pitches

Any Questions?