How the Competition Works
The goal of the Concept Competition is to help students learn about the process of formulating and refining a business idea, and presenting it to a group of resource providers.
All students must submit the following to ITEC by October 16, 2009:
1-2 page Executive Summary
One paragraph explanation outlining why you believe your team is qualified to launch this business
Attached resumes of all team members
Teams will be judged for the competition based upon the following criteria:
Potential for the concept
Evidence of sound strategic thinking
Quality of written and oral presentation
Students are invited to present a five minute overview of their business idea/concept to a panel of judges.
Competition winners will be eligible to receive up to $1,000 for the reimbursement of expenses directly related to the development of their business presented in the Concept Competition.
Once a team wins the competition they will have a faculty advisor assigned. They will then develop a set of milestones and deadlines for the completion of their business plan, gaining support from the faculty advisor.
