1. + September 7, 2016

2. + $100,000 IN PRIZES!

3. + First Prize: $70,000 Second Prize: $30,000

4. + RULES, FAQs & RESOURCES RULES, FAQs AND RESOURCES CAN BE FOUND ON: UclaLawPrize.com Sign up on our mailing list!

5. + SUMMARY OF THE RULES

6. + A TEAM BUSINESS PLAN COMPETITION FOR UCLA STUDENTS TO DEVELOP NEW VENTURES

7. + A TEAM OF UCLA STUDENTS Two to six members At least one member must be an Eligible Law Student: a third-year student, currently enrolled in UCLA School of Law, in good standing, and eligible to graduate with a J.D. degree, an LLM degree or S.J.D. degree in May 2017 or a graduate of UCLA School of Law who was awarded a J.D. degree, an LLM degree or S.J.D. degree in 2016.

8. + A TEAM OF UCLA STUDENTS The remaining members must be Eligible UCLA Students: a person enrolled at UCLA as a full-time undergraduate or graduate student who is in good standing with his or her school at UCLA Person still eligible even if the person graduates after Dec. 1, 2016.

9. + TO DEVELOP NEW VENTURES For Profit Not-For-Profit Public Benefit Commercial Enterprise or Social Entrepreneurship Not venture-backed, although friends and family funding is acceptable

10. + BUSINESS PLAN A BUSINESS PLAN IDENTIFIES THE GOALS OF A BUSINESS AND EXPLAINS HOW THE BUSINESS WILL ACHIEVE ITS GOALS. WHAT IS THE PROBLEM YOU ARE TRYING TO SOLVE? WHY IS THE PROBLEM WORTH THE RESOURCES TO SOLVE? HOW WILL YOU SOLVE THE PROBLEM?

11. + BUSINESS PLAN What is the market for this business? Who are the customers? Who are the competitors? How are you different from the competitors? How will you finance the business? How will you market the business?

12. + BUSINESS PLAN RISKS FINANCIAL OPERATIONAL LEGAL/REGULATORY OPERATIONAL ASSESSMENT HOW IS THE BUSINESS GOING TO BE MANAGED AND RUN? CAN THE TEAM MANAGE? ANYTHING ELSE

13. + Role of the Law Student Create entity (LLC or Corp.) Identify legal and regulatory risks and suggest ways to eliminate or reduce the risk Identify IP and IP needs Identify contracts Prepare a term sheet as part of the Business Plan

14. + COMPETITION Friday, October 28, 2016: Registration Opens Friday, January 27, 2017: Registration closes Friday, March 24, 2017: Business plan due April 2017: Public round with oral presentation

15. + COMPETITION Forms required for registration will soon be available on the website. Team members names and contact information. Brief statement of proposed venture. Representations regarding eligibility at time of registration, at time of submission of the business plan and at time of the public round of competition.

16. + FIRST PLACE PRIZE: $70,000 SECOND PLACE PRIZE: $30,000 Awarded at the sole discretion of the judges (meaning that they can decide not to award either or both Prizes); and Must be used to develop the business.

17. + CHALLENGES

18. + HOW DO I FIND A PROBLEM WORTHY OF THE PRIZE? HOW DO I DEVELOP A SOLUTION THAT SOLVES THE PROBLEM?

19. + HOW DO I CREATE A TEAM?

20. + Lowell Milken Institute website www.lowellmilkeninstitute.law.ucla.edu www.lowellmilkeninstitute.law.ucla.edu Bruincubate www.bruincubate.comwww.bruincubate.com StartupUCLA startupUCLA.comstartupUCLA.com UCLA Blackstone Launchpad ucla.thelaunchpad.org Meetups, presentations, talks October 17-Meetup at the Law School

21. + Almost every UCLA School has at least one student group dedicated to entrepreneurship. See lists on Lowell Milken Institute and Bruincubate websites. Bulletin board on Lowell Milken Institute website.

22. + HOW DO I CREATE A PERSUASIVE BUSINESS PLAN?

23. + Formal Methods Professor Abe’s course at the Law School: Entrepreneurship and Venture Initiation Other courses on UCLA campus Informal Methods Significant UCLA resources available Check Resources page on Lowell Milken Institute website “How to Start A Startup” podcast based upon the Stanford course UCLA Blackstone Launchpad resource

24. + Each team will be assigned at least one mentor to assist them.  Mentors will be lawyers who counsel startups, entrepreneurs, investors and others who have experience with startups.  Teams will not be able to pick mentors. Mentors will be assigned to them.  Limit on the amount of time mentor will be able to spend.  Some mentors may not be in the LA area.