Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 Participation Guidelines and FAQs Boise, ID March 31 and April 1, 2016

Idaho Entrepreneur Challenge 2016 Participation Guidelines GENERAL INFORMATION Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 GUIDELINES Student teams must include at least one degree-seeking undergraduate or graduate student enrolled in an Idaho university or college. Competition teams will be judged on sustainability of the idea and strength of the venture implementation plan. Among the areas of judging focus are: PLAN: Viability of the approach and strategy, TEAM: Composition of team toward skills, experience, and ability to identify and fulfill team gaps, and IMPACT: Innovative and sustainable solutions for major problem, with measurable impact. Competitors may submit ONE venture per competition year. Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 CATEGORY/TRACK Competitors may submit their venture in one of the following tracks. Select your track from those listed below that best match your venture. Agriculture/Agriculture Technology Health/Healthy Living Technology/Consumer/Service Social/Cultural/Environmental Impact Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 JUDGES FOCUS PLAN: Viability of the approach and strategy, TEAM: Composition of team toward skills, experience, and ability to identify and fulfill team gaps, and IMPACT: Innovative and sustainable solutions for major problem, with measurable impact. Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 Describe your PLAN Please describe your team’s examples of staged experiments that include activities such as customer discovery and/or customer validation, market research and other related activities.  The plan should include a description of the progress, outcomes and learning as a result of the experiments. (500 words or less) In this section, please describe the activities that the team can and will execute.  Your submission can include industry analysis, market analysis, internal resource analysis, SWOT analysis and financial plans such as income statement, balance sheet and cash flow statement. Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 Describe your TEAM Succinctly describe each team member’s role or area of responsibility and explain how her/his skills and/or personal background contribute to the proposal’s sustainability.  Relevant skills and personal background information can include academic major, work experience, intern experience, or a description of skills that each member brings to the team. (200 words or less) Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 Describe your IMPACT How does your proposal represent an innovative approach to solving a major problem related to your chosen track?  How can your proposal be scaled?  Once implemented, in what ways will its impact be substantial, sustainable and measurable? (200 words or less) Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 Important IEC 2016 Dates February 12, 11:59PM: Applications due for the Preliminary Round Late February: Finalists announced and invited to Boise for the finals March 31: Competition Check-in @ Zions Bank Building 17th Floor, hosted by Zions Bank April 1: Final Competition Events Presentations: Panels A, B and C Demonstration Expo: Teams demonstrate their business ideas (tabletop + pitch) Speaker and Awards Banquet Idaho Entrepreneur Challenge 2016

ELIGIBILITY & PARTICIPATION FAQs: Frequently Asked Questions ELIGIBILITY & PARTICIPATION Idaho Entrepreneur Challenge 2016

Q: Who can participate in the Idaho Entrepreneur Challenge? The Idaho Entrepreneur Challenge (IEC) is open to any student, undergraduate or graduate, enrolled in a Idaho university or college. Competitors may submit only one (1) venture per competition year. Idaho Entrepreneur Challenge 2016

Q: What type of business does my venture have to be? Your venture should fit into one of the four competitive tracks. If you do not think you fit into one of the tracks, contact us and we will help you find the track that best fits your idea. The competitive tracks are: Agriculture/Agriculture Technology Health/Healthy Living Technology/Consumer/Service Social/Cultural/Environmental Impact Idaho Entrepreneur Challenge 2016

Q: Does my venture have to making sales or can it be just an idea? Your venture can be an idea, project being developed for launch, an early stage start up without sales, or a venture with a few sales or customers or an established record of sales. Really, any stage of development is eligible to participate in the competition, from an idea to up and running. The key is your ability to explain your plan, your team and your impact. Idaho Entrepreneur Challenge 2016

SUBMITTING YOUR APPLICATION FAQs: Frequently Asked Questions SUBMITTING YOUR APPLICATION Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 HTTP://IEC2016.STARTUPCOMPETE.CO Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 FAQs: Frequently Asked Questions COMPETITION EVENTS Idaho Entrepreneur Challenge 2016

Q: What is timeline for the IEC competition? February 12, 11:59PM: Applications due for the Preliminary Round Late February: Finalists announced and invited to Boise for the finals March 31: Competitors Check-in Zions Bank Building 17th Floor, 8th & Main, Boise ID April 1: Finals Competition Events Presentations: Panels A, B and C Demonstration Expo Speaker and Awards Banquet Idaho Entrepreneur Challenge 2016

Q: What happens at the Check-In on March 31? All teams meet for the Welcome Reception, hosted by Zions Bank, and an orientation briefing for the event. We cover the specific activities, times, locations, expectations and other details. Food and refreshments are provided. We meet at the Zions Bank Building, 8th & Main, Boise ID, 17th floor. Idaho Entrepreneur Challenge 2016

Q: What happens at the Finals Competition event on April 1? You have up to four (4) minutes to pitch your venture presentation. Each team will pitch their venture presentation to three (3) different panels of judges. Each panel of judges will evaluate and score your presentation pitch. Teams are ranked based on their cumulative scores of all three pitches. Teams have table top displays at the demo show during the Awards Reception. Winners are announced and prizes awarded at the Reception. Idaho Entrepreneur Challenge 2016

Q: What are the awards for the 2016 IEC? $100,000 in seed money awards will be given to teams at this year’s IEC. Awards will be given for the top teams in each of the four competitive tracks. Awards will be given for best table top displays & best pitches The awards are seed money start up funds to be used in successfully launching and growing your venture. Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 Prize Money* CATEGORY 1st place $12,500 2nd place $7,500 3rd place $3,000 “People’s Choice” short pitch $2,000 (2) “People’s Choice” table top $2,000 (2) Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 FAQs: Frequently Asked Questions GENERAL QUESTIONS Idaho Entrepreneur Challenge 2016

Idaho Entrepreneur Challenge 2016 Other Questions? Bridget Duffy at bridgetduffy@boisestate.edu or cid@boisestate.edu Instagram @idaho_ec www.entreprenurship.boisestate.edu Idaho Entrepreneur Challenge 2016