1. TURN INNOVATIVE IDEAS INTO REAL BUSINESS
NOVATech Competition
Intel Berkeley Technology Entrepreneurship Challenge in Central and Eastern Europe
TURN INNOVATIVE IDEAS INTO REAL BUSINESS

2. Training Program PART I
INTRODUCTION
Presentation of the NOVATECH competition initiative
Presentation of the BG and International partners involved
Goals and objectives of the Novatech competition

3. Training Program PART II
COMPETITION
Rules of the competition
Calendar
Application procedure

4. Training Program PART III
BUSINESS PLAN TRAINING
Business planning fundamentals
Guidelines
Executive summary
Business plan
Financial analysis
Presentation to the venture capitalist
Examples
Discussion

5. PART I
INTRODUCTION

6. NOVATECH competition initiative
NOVATECH Com is part of the IBTEC competition, organized by INTEL in cooperation with University of California, Berkeley

7. GOALS AND OBJECTIVES Foster technology based entrepreneurship
in the region
Present innovative ideas to potential venture capitalists
Provide training and support the authors of technology innovative ideas
Provide the opportunity to win the prize of USD or USD and to present on the global competition in Berkeley

8. PARTNERS BG partners International partners BIMP Sofia University
ICT Cluster
International partners
ROMANIA: Institutul National pentru IMM
HUNGARY: Hungarian Association for Innovation
CZECH REPUBLIC: First Innovation Park
POLAND: Komtel
GREECE: South Eastern European Development Centre, University of Thessaly

9. PARTNERS Media partners in Bulgaria
IDG Bulgaria - ComputerWorld weekly
Economedia - Capital weekly, Dnevnik online, Karieri.bg
Dir.bg
HiTec weekly broadcast at NovaTV national broadcast

10. SPONSORS Intel Higher Education Program
University of California – Berkeley, Haas School of Business
Intel Berkeley Technology Entrepreneurship Challenge

11. PART II
COMPETITION

12. Rules
business opportunities with the greatest potential for a positive impact on society through the commercialization of new and innovative technologies

13. Prizes
The winning teams of the semifinal screening based on electronic submission of 2-3-page executive summary will be invited to participate at the semifinals in Sofia, October 6, 2006 with all expenses covered.
Each participating country will have two selected teams at the semifinals in Sofia.
First prize USD20,000
Second prize: USD10,000.

14. Big Prize
The first and second winners will be given the opportunity with all their expenses covered, to compete on the world finals:
Intel®+UC Berkeley Technology Entrepreneurship Challenge at Berkeley University, California, USA

15. Benefits All participants will benefit from:
the education and training provided during the application process
introductions to potential investors
publicity
feedback from industry experts that will occur at the Competition

16. Eligible sectors Semiconductors, Manufacturing, and Hardware
Mobile and Wireless
Digital Home and Consumer Electronics
Retail and Consumer Software
Enterprise Software and IT
Energy and Power Generation
Nanotechnology
* While the scope of technology innovation is not restricted to
the above, plans without a strong technology focus may not
be chosen to compete.

17. Eligible teams 1. Teams are typically of 3-4 people
2. Nationality of any of the following countries: Bulgaria, Czech Republic, Greece, Hungary, Poland, Romania, Turkey
3. At least one team member currently pursuing undergraduate, graduate or PhD degree (the rest of could be: faculty members, entrepreneurs, businessmen)
4. Company to be established in one of the participating countries

18. Jury
Jury members are notable venture capitalists and other industry and entrepreneurship experts.
Jury is selected based on the following criteria: • Relevant professional experience (business, consulting and entrepreneurial) • Field of expertise (investors, entrepreneurs, lawyers) • Geographical location

19. Judging criteria
• General: Innovation, uniqueness, feasibility, strategy, experience, competitive advantage and business model
• Market: Market size, growth, share, competition, and clients
• Products/Services
• Financials and funding requirements

20. Confidentiality
The authors of the business plan will retain all rights to the plan regarding its use at all times prior to and following the competition.
All judges and administrative staff will agree on non-disclosure of materials submitted by competition participants.
All materials will be destroyed after competition is completed, unless specific agreement is granted.

21. Calendar
14 August deadline for e-round: submission of executive summaries
14 July - 16 Aug feedback and consultation on submitted executive summaries
21 August announcement of e-round winners and invite semi-finalists to Sofia (two teams of each participating country)
21 September deadline for full business plans submission
6 October semifinal in Sofia with presentations, announce winners and invite to USA
24 October world final – 2 teams go to Berkeley, California

22. Application procedure
Executive summaries round – August 14, 2006
The jury will evaluate and select two teams from each participating country and invite them to semifinals in Sofia, October 6, 2006 with all costs for travel and accommodation covered.
Semifinal round - September 21, 2006
Competition in Sofia - October 6, 2006
Teams will make powerpoint presentations in front of jury, guests and open audience.
Jury will pick the two winning teams which will receive USD20,000 and USD10,000 respectively and will be invited to the finals in Berkeley, USA, with all travel and accommodation costs covered.

23. Application procedure
SEND UP TO 14 August TO:
COUNTRY_PROJECTNAME_application.doc/pdf
COUNTRY_PROJECTNAME_CVs .doc/pdf
COUNTRY_PROJECTNAME_summary.doc/pdf

24. 1. APPLICATION FORM* PROJECT NAME
COUNTRY (of origin or of residence for more than 2 years)
TEAM MEMBER PROFILE
STUDENT □ FACULTY □ Other:
NAME
ADDRESS
EDUCATION (institution, degree, major)
OCCUPATION (company/institution, position)
WORK EXPERIENCE (if any: company/institution, position, years)
SKILLS:
TECHNICAL SKILLS:
LANGUAGES
OTHER
* To be filled for each key team member

25. 2. CVs of the team members NAME EDUCATION OCCUPATION WORK EXPERIENCE
SKILLS
TECHNICAL SKILLS
LANGUAGES
OTHER

26. 3. EXECUTIVE SUMMARY * Project title
Summary: technology innovation, idea, objectives
Market opportunity: market size (approximate or calculated, expected), market niche, target group, competitors, barriers to entry
Product: description, development
* The suggested template is only optional and recommended rather than required. It is key to follow the logic of your ideas.

27. 3. EXECUTIVE SUMMARY – cont
Sales and marketing strategy
Team: overview of key members
Business model: financial highlights, summary of projected income, revenue, profit for 5 years
Funding: strategy, required amount, rate of return
Exit strategy: if any
* The suggested template is only optional and recommended rather than required. It is key to follow the logic of your ideas.

28. BUSINESS PLAN TRAINING
PART III
BUSINESS PLAN TRAINING