The contest is open to all Washington State University students who are enrolled in the current spring semester. To enter the competition, a team must complete the online registration. Teams should include members possessing the essential background to enable the development of a serious business plan. Interdisciplinary teams are strongly encouraged. There is no limit on the number of members; however, small teams are recommended.
For the first time, the 2019 BPC will also include a dedicated league for students outside WSU. Four teams from other universities will be selected for the Open League.
At least two members of your team must be full-time undergraduate students. Teams may include graduate students.
Teams must submit all required documentation to advance to the Presentation Round of the competition, including a full set of pro-forma financial statements for five (5) years (statement of cash flows with first year by quarter, income statement with first year by quarter, and balance sheet)
Advancing teams must send at least one team member to the Team Info Session. Remote access via AMS available on request for teams at other campuses or enrolled online.
Advancing teams must also present in person during the Presentation Round of the competition. Only four members of the team will be allowed to present their idea before the judges during the Presentation Round of the competition.
The business plan must be developed during the student’s tenure at the university. Students working with outside entrepreneurs must create an original business plan.
All submissions to the Business Plan Competition must live up to the higher ideals of Washington State University. Your idea must be appropriate for a university-sponsored event. The Center for Entrepreneurial Studies reserves the right to disqualify any entry that in its judgment violates the letter or the spirit of the competition or exceeds the bounds of social convention.
Prize money will be divided equally among all registered team members.
We encourage all BPC teams to attend Resource Nights, a series of speaker sessions that bring in experts from WSU’s business community to discuss various aspects of starting and launching a venture. Offered throughout the spring semester, these sessions are open to all students and the public.
THREE ROUNDS OF COMPETITION
The Screening Round is the first major hurdle you’ll face in the competition. Submit your 1-page executive summary online for scoring by our judges. Twenty-four presenting teams will be selected from this first round.
After the Screening Round, you’ll receive an email naming the teams that will advance to the Presentation Round on the day of the Business Plan Competition. If your team is selected, you’ll need to submit your full business plan (4-7 pages) and pitch deck (10-15 slides) by the deadline in the BPC schedule.
Teams are divided up into six leagues; each league includes four teams. During the Presentation Round, each team delivers a presentation of its business plan to a panel of judges, following the schedule below:
Set-up: 10 minutes
Presentation: 15 minutes
Judges’ questions: 15 minutes
Judges’ conference: 10 minutes
Judges’ feedback: 10 minutes
Presenting teams are evaluated both on their written plan and their presentations. Judging criteria include team presentation and style, the customer problem, solution, value proposition, competitive advantages, market and sales strategy, management, financials and offering, and investment analysis. Judges choose the top team in each of 6 leagues to advance to the final round.
After a lunch break, competition organizers announce the top six teams that will advance to the final round.
How the Final Round Works
Finalist teams present to a new panel of judges who have no prior knowledge of their plans and have not seen their earlier presentations, following the schedule below:
Set up: 5 minutes
Presentation: 15 minutes
Questions and feedback: 10 minutes
Competition Awards Dinner
If you competed in the Presentation Round, you and your teammates will dine with the judges—a priceless opportunity to build professional connections. Following dinner, competition organizers will announce the winning teams.
Team Registration NOW OPEN
Team Registration Deadline: March 8, 2019 Executive Summary Due: March 22, 2019 Business Plan & Slide Deck Due: April 15, 2019 Business Plan Competition: April 25, 2019
Contestants must properly acknowledge any trademarks or copyrighted materials of others that are incorporated into the contestants’ materials. The contestants are responsible for obtaining any necessary permission before incorporating such materials into their submissions. Once materials are submitted, Washington State University and its schools and colleges reserve the right to publish information about the contestants’ work in university publications and to release information to the news media. The judging/presentation will be conducted in an open meeting with possible attendance by faculty, students and staff as well as media representatives and the general public.
Where applicable, contestants may choose to file patent applications on their own or to disclose their inventions to the Washington State University Research Foundation before or after the competition. Submission of an idea to the competition should be considered a public disclosure of the idea. (In some countries, patent applications must be filed prior to disclosure. In the U.S. inventors generally have one year after disclosure in which to file patent applications.)* Ultimately, protection of sensitive materials is the sole responsibility of the individual or team participating in the competition. *The Competition Rules are based in part on those of the University of Wisconsin Madison, University of Washington and the Wharton School of Business at the University of Pennsylvania