Entrepreneurship Competition

rosen-college-entrepreneurship-competition

Have a great idea for a business venture? Want to put it to the test?  

For the second year in a row, the Rosen College Entrepreneurship Competition gives students an opportunity to take an idea for a hospitality-related product or service and develop a plan to bring it to market. Students may enter as individuals or teams; at least one person must be currently enrolled at Rosen College.  Participants will compete for cash prizes that can assist with startup costs and help make their dreams a reality.

The competition is sponsored by BlurtBox, a mobile app that helps customers voice their complaints about a business and allows owners and managers to address customers in real time. The company’s CEO is Julien Meyer, ’14, a Rosen College alumnus who studied hospitality and event management at UCF while running his own startup company. Read more about Julien.

The top 3 finalists will receive the following cash prizes:

1st Place:

  • $5,000
  • Complimentary consulting services: Preparing basic organization documents for filing, a one-hour initial consultation and (2) 30-minute follow-up consultations at 3 and 6 months.

2nd Place:

  • $2,500
  • Complimentary one-hour consultation

3rd Place:

  • $1,000
  • Complimentary one-hour consultation*

*This will be a joint session with the 2nd and 3rd Place winners in attendance.

As part of the initial submission, the team must elect how they want the prize money distributed. They can choose to either divide the money evenly among all of the members competing or make the check out to a business entity.

 

Important Dates  (*dates and times subject to change)

Information Session: Wednesday, November 30, 2016 – Room 102R, 9 a.m. or  10:30 a.m.

Applications Due: Monday, January 30, 2017, Click HERE for Application (due by 11:59 pm)

Presentation  Prep, Concept Review with a Panel of Young Entrepreneurs: Friday, January 13, 2017, Room 102R, 1 p.m.

Presentation Prep, Finding Your Target Market: Friday, January 20, 2017, 1 p.m. Room 102R, 1 p.m.

Presentation Prep, Communication: Friday, February 10, 2017, Room 102R, 1 p.m.

Finalists Announced via email: Thursday, February 23, 2017, (by 5 p.m.)

Presentation Prep, Financials: Friday, March 10, 2017, Room 102R, 1 p.m.

Presentation Prep, Mock Presentation: Friday, March 24, 2017, Room 102R, 1 p.m.

Slide Decks Due via email: Thursday, March 30, 2017 (by 11: 59 p.m. to Jeffrey.Weinland@ucf.edu)

Final Round: Thursday, April 6, 2017, Reception at 5:30 p.m. Program begins at 6:15 p.m.

 

Presentation Prep: See above for dates

Students entrepreneurs  are encouraged to attend the presentation prep sessions  listed above. Coaches will be on hand to critique and provide recommendations.  Be polished and professional when you present your business aspiration during the competition

Monday, January 30, 2017 – Applications Due 

All applications must be completed and turned in by 11:59 pm on Monday, January 30, 2017, for any team to be eligible for the competition. No individual extensions will be granted. A panel of judges will select proposals to be passed on to the next round of the competition.

Submission Guidelines:  Submissions should be a minimum of 5 and a maximum of 10 single-spaced, Times New Roman 12pt font, pages with 1-inch margins, addressing the topics listed in the judging guidelines. Please ensure that no information identifying individual team members is included in the submission file.  Click here for Application Form.

Click here to view the judging guidelines.

 

Finalists Announced via email: Thursday, February 23, 2017 

Finalists for the competition will be announced by email by 5:00 pm on Thursday, February 23, 2017. Finalists will be provided with specific instructions for their presentation, including the criteria they will be evaluated on and what to present in their slide decks.

Slide Decks Due via email: Thursday, March 30, 2017, All slide decks must be submitted via email by 11:59 pm to  Jeffrey.Weinland@ucf.edu

Final Round: Thursday, April 6, 2017, Reception at 5:30 p.m. Program begins at 6:15 p.m: Finalists will  deliver a presentation of no more than 15 minutes to a panel of judges. An additional 10 minutes will be allowed for  Q&A on their venture.

Eligibility Requirements

  • At least one team member must be a full-time University of Central Florida Rosen College student who has completed at least two full semesters at the university.
  • Revenues generated by the proposed venture must not have exceeded $50,000 in the last year.
  • The proposed venture must not have raised any more than $50,000 in venture capital as of January 1, 2017.
  • Submissions and presentations must be the original work of the team.

Judges to be announced at a later date

If you have any questions about the Rosen College Entrepreneurship Competition, please contact Dr. Jeff Weinland at Jeffrey.Weinland@ucf.edu.