1. Idaho Entrepreneur Challenge 2016

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

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

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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 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

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

12. 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

13. 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

14. 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

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

16. Idaho Entrepreneur Challenge 2016
Idaho Entrepreneur Challenge 2016

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

18. 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

19. 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

20. 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

21. 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

22. 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

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

24. Idaho Entrepreneur Challenge 2016
Other Questions?
Bridget Duffy at or
Idaho Entrepreneur Challenge 2016