100

https://www1.up.edu/franzcenter/entrepreneurship/venture-

competition.html

https://www.up.edu/franzcenter/entrepreneurship/2018-100k-

venture-competition.html

2018 Guidelines and Overview

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Table of Contents

I. GENERAL COMPETITION INFORMATION ................................................... 2

INTRODUCTION ......................................................................................................... 2

BUSINESS PLAN COMPETITION ..................................................................................... 2

INVENTION COMPETITION ........................................................................................... 3

PRIZES, REIMBURSEMENT AND FUNDING OPPORTUNITIES ............................................... 3

DISCLAIMER .............................................................................................................. 5

IMPORTANT DATES ..................................................................................................... 6

CONFIDENTIALITY AND INTELLECTUAL PROPERTY ............................................................ 6

CONFLICT OF INTEREST STATEMENT .............................................................................. 7

II. RULES AND GUIDELINES .............................................................................. 7

TEAM RULES.............................................................................................................. 7

COMPETITION FORMAT ............................................................................................... 8

VIDEO APPLICATION ................................................................................................... 9

BUSINESS PLANS ...................................................................................................... 10

PRESENTATIONS ...................................................................................................... 11

THE USE OF MENTORS & FACULTY .............................................................................. 11

RULES COMMITTEE & RULES VIOLATIONS .................................................................... 11

SPECIAL SITUATIONS ................................................................................................. 12

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I. General Competition Information

Introduction

The $100K Challenge Venture Competition is a premier business, social enterprise

and invention competition hosted by the Franz Center for Leadership,

Entrepreneurship, and Innovation at the University of Portland. Underwritten by

generous donors to the University, the competition promotes experiential education

about entrepreneurship and new business development by focusing on student

created, launched, and managed ventures. Students are provided with expert

feedback on their plans and presentations, as well as the opportunity to apply for

funding to help launch their ventures if they wish to pursue them.

Business Plan Competition

The Business Plan Competition is a multiple round competition where student

teams will present their plans for new ventures (for profit and social enterprise)

to a panel of judges.

For Profit Competitors (includes BioMedical Engineering Ventures):

The top three places in the for-profit track will be announced at the end of the

event, and receive cash awards. The first place team will receive $1,250, second

place team $750, and third place team $250. These amounts are to be divided

among teammates, as determined by the team. It is not necessary to launch the

venture to receive these awards. These awards will be paid within 3 weeks of the

competition completion.

All participants in the for-profit track will be eligible to apply for an investment of

up to $20,000 (half cash and half support services) from the Launch Pad Fund,

established by UP donors to support the launch or expansion of student ventures.

These Launch Pad Fund Investments are made upon the decision of the

investment committee. The investment committee is comprised of three

members of the Franz Center Advisory Board. No employees of the University of

Portland are allowed to serve on the investment committee. Interested teams

will have until August 31, 2018 to submit their application. Once an application is

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completed, the investment committee will review materials and meet with the

applicant before October 31, 2018. The investment committee will inform the

applicant of the investment decision before December 1, 2018. If an investment

is made, the VP for Finance for the University of Portland will provide final

paperwork before December 31, 2018 and the applicant will have until January 15

to sign and return the paperwork. If selected for investment, teams have up to

six months to complete the investment process, and made into a legally

organized business entity.

Social Enterprise (Non Profit) Competitors:

The first place in the social venture track will be announced at the end of the event

and receive a cash award of $1,250. It is not necessary to launch the venture to

receive this award. The awards will be paid within 3 weeks of the competition

completion.

The 1st place winner in the Social Venture track will also be eligible for a $2,500

grant and $2,500 in professional services award to assist in the launch or

development of the social venture made by the investment committee. Winning

teams will have until December 1, 2018 to apply for this award, which must be

made to an eligible 501c.3 organization (or have 501c.3 status pending with the

state and/or IRS).

Invention Competition

The Invention Competition provides students with an opportunity to showcase

inventions that have developed for which they may have a design and early stage

mockup, pretotype or prototype. It is not necessary to have a business plan to

compete in this category. Participants in this category can receive $250 of funding

from which to develop their invention prior to the competition. The top 2 teams (or

individuals) in this category will go on to represent UP in the Invent OR state-wide

competition to take place in October 2018. These teams will have up to $1,500 to

develop their prototypes during Summer 2018.

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Applicants can compete in both for profit/social enterprise competitions and the

invention competitions, as long as the invention has not yet been presented in the

competition.

Prizes and Reimbursement Opportunities

The 100k Challenge Venture Competition believes in supporting the work of all

applicants and providing opportunities for reimbursement, as well as awarding

success.

Cash Prizes

All cash prizes will be awarded to the top teams in each track as outlined in the

business plan competition section above. Disbursement of the prize will be made

to participants from the team, based upon the direction of the team leader. Cash

prize awards may be subject to taxation and are the sole responsibility of the

entity or person to whom the awards are distributed. Each entity or individual will

be required to provide a W-9 before receiving any prizes. All prize payments will

be reported on a Form 1099-MISC. Foreign applicants need to contact the

competition coordinator at the e-mail address below to get exact requirements.

All teams are eligible for only one cash prize during the Business Plan

Competition.

People’s Choice Award

All spectators are eligible to vote for their favorite competition submission. The

team with the most will receive the People’s Choice Award and prize.

All voters must be in attendance for the duration of the competition to vote.

Competitors are not eligible to vote. Votes will be submitted via VoteVox and

instructions to do so will be presented day-of.

Expense Reimbursement (Up to $500)

The $100k Competition offers the opportunity for teams to obtain

reimbursement up to $500 of eligible expenses that were incurred in the course

of developing and running experiments for all new ventures (the For Profit Fund

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Form or the Social Enterprise Expense Form). This reimbursement is available

only to applicants who have registered for the Competition prior to the deadline.

AARP Foundation Prize

There is also a special $3,000 cash prize for those ventures (for profit or social

venture) that address the needs of low income senior citizens. This special

category of the competition is open to teams from any university or college in the

state of Oregon. See AARP Foundation Prize below for details.

What is the AARP Foundation Prize?

In furtherance of its mission, the AARP Foundation may award $3,000 to a

team whose for-profit or social venture business plan best addresses one or

more of the following needs of low-income seniors (50 or older earning less

than $40,000 per year): (1) the need to access adequate and nutritious food,

(2) the need to live safely, independently and comfortably in functional and

affordable homes, (3) the need to increase and/or maintain income, (4) the

need to enjoy the positive health outcomes of strong and sustaining social

bonds.

The AARP Foundation wants to encourage the submission of business plans

that can have significant and sustainable impact on these issues. Review of

plans that elect to be considered for this award will be done by a

representative of the AARP Foundation or its designate. The award will be

made within 60 days of the competition. The AARP Foundation reserves the

right to not award the prize if no business plans of a high quality are

presented. If your team chooses not to pursue your business idea, your

team may still be eligible for the $3,000 prize. The AARP Foundation

would then have ownership of your business plan. This award amount is

to be divided among teammates, as determined by the team leader.

Participants in the AARP Foundation Prize at The University, whose proposals,

in the opinion of The Foundation, could help a low-income 50+ to age-in-place,

are also eligible for consideration for the national 2017 AARP Foundation

Aging-In-Place $50K Challenge award (“the Challenge”). Should such a

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participant win the Challenge, it will receive a cash prize of $50,000 to

implement the proposed solution, and $10,000 will be contributed to The

University by The AARP Foundation. More information is available here.

Funding Opportunity

Launch Pad Investment

All participants in the for-profit track will be eligible to apply for an investment of

up to $20,000 (half cash and half support services) from the UP Launch Pad Fund,

established by UP donors to support the launch or expansion of student ventures,

as outlined in the business plan competition section above. All students intending

on applying for the UP Launch Pad Fund investment will need to attend the

StarveUp’s Launch Pad on May 18th-20th, 2018, held at the IMMIX Law Group

offices as a prerequisite. StarveUP is a local entrepreneurial support organization

that has collaborated with us for this event. After successfully completing the

StarveUp’s Launch Pad event, students can apply for the University of Portland’s

Launch Pad Investment opportunity.

Launch Pad Fund Investments and in-kind services for the $100K Challenge

Venture Competition will be disbursed and paid only to a properly organized legal

entity that will be launching the venture described in the plan. No Launch Pad

Fund Investments will be made directly to any student or team members.

Other Important Considerations The spirit of this competition is that current undergraduate or graduate students

both originate and lead the startup idea. The $100K Challenge Venture Competition

is an educational experience, and teams not working towards this end may be

disqualified (e.g. an existing company that recruits students only to become eligible

for the competition). The $100K CVC Rules Committee reserves the right to review

companies on a case-by-case basis and make eligibility decisions. Teams that are

unsure of their eligibility should contact the $100K CVC Coordinator at the e-mail

address below.

Competitors who promote illegal, illicit, unethical, immoral, or other types of

activities which may be considered unworthy of association with the $100K Challenge

Venture Competition or University of Portland will be disqualified.

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Questions about any aspect of the competition should be addressed to

franzcenter@up.edu.

Important Dates

Task Due Date

Create-A-Marathon January 26th-27th

Financial Projections Workshop March TBD

Last Day to Register for $100K CVC

Must submit 60-second video pitch application

March 2nd by midnight

University of Portland Panel Event March TBD

Founders Happy Hour Event April 6th

Founders Day Elevator Pitch Competition

(Optional)

April 10th, 3:15 – 4:00 PM

Upload Full Business Plan/Invention Overview April 20th by 5:00 PM

Practice Presentation Session 1 April 23rd, 8:30 – 10 PM

Practice Presentation Session 2 April 26th, 7 – 8:30 PM

Upload Business Plan Presentation PowerPoint

or PDF

April 26th by midnight

$100K Challenge Venture Competition April 28th 9:00 AM – 4:00 PM

StarveUp Launch Pad Competition May 18th-20th

Application for UP’s Launch Pad Investment August 31st by midnight

Please note: All submission deadlines are final. Late applications cannot be

accepted and deadline extensions cannot be granted for any reason. The $100K

CVC staff encourages each team to submit their Full Business Plan and Business

Plan Presentation early so that any technical difficulties can be resolved before

the deadline hits. Failure to submit by the deadlines noted will disqualify a

team from the competition.

Confidentiality and Intellectual Property

All submitted information is deemed the property of the participating teams and

any licensors that it has. All of our judges and staff are working professionals and

investors who routinely evaluate business plans and protect the property of

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others in the process. However, they do not sign any non-disclosure agreements

to participate in this competition. Teams are strongly encouraged NOT to

provide any specifics or details that are considered intellectual property or

the key to intellectual property. Any data or information discussed or divulged

in the competition should be considered information that may enter the public

realm, and students should not assume any right of confidentiality in any data or

information discussed, divulged or presented in the competition. There will be no

recourse in judging when a question or issue is not fully addressed because of

concerns over confidentiality. In addition, the system we utilize in managing plan

submissions has their own confidentiality policies and teams should also review

those when agreeing to the use of the system.

Conflict of Interest Statement

Judges, Launch Pad Investment Committee members, volunteers, or UP faculty

members may not have any vested interest, equity stake, or financial stake in any

of the finalist companies. Any involvement by the previously listed parties that

stand to gain financially or otherwise from the success of any finalist company is

strictly prohibited. Any such associations will result in disqualification of the team

and/or removal of that individual from his or her associated position with the

competition.

II. Rules & Guidelines

Team Rules

All teams must meet the following criteria to qualify for the business plan

competition:

Teams must be composed of 1-6 student member(s). Teams may not have

non-student members. Non-students may be involved with the company

outside the competition, but may not be a part of the competition team (i.e.

may not present or answer questions for the team) and will not be eligible to

receive any prize money.

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At least half of the team must be current, full or part-time University of

Portland undergraduate or graduate student(s).

All student team members must be currently enrolled, full or part time

students at an AACSB accredited university or have graduated from an AACSB

accredited university within the previous 6 months of the executive summary

submission deadline for the competition. Teams may be comprised of

undergraduate, graduate, or post-graduate students.

Submissions should be for ventures that are early stage, either for profit or

social venture. This does not typically include buy outs, entity expansions, real

estate ventures, funds or franchise purchases (please seek further clarification

if unsure about your proposed business structure) Companies presented may

not have raised outside previous investment capital except from founders,

friends, and family.

Limit on capital raised ($10,000) and revenue ($200,000)

Students must have fundamental, equity-holding, founding positions within

the company. Students must have a combined ownership of at least 25% of

the founder’s equity in the company. Students should hold senior positions

within the company.

One person on the team must be designated as the team lead at the time of

the submission and will be the main point of contact with $100K Challenge

Venture Competition.

No person can be a member of more than one team.

All teams and students may participate in future competitions at UP, including

finalist teams, but no team may use the same plan submitted in a previous

$100K Challenge Venture Competition. Ventures that have been significantly

advanced from the previous submissions will be considered on a case-by-case

basis. Please consult the Franz Center if you have any questions.

Teams may use the same business plan used in another competition in the

U.S. or abroad within the same academic year as the $100K CVC.

Finalist teams must be complete and present during the entire competition

and at the time of the prize presentations to be eligible for prizes. Exceptions

may be made on a case-by-case basis for teams with members who have bona

fide conflicts on the date of the competition.

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Competition Format

All applicants must apply with a (60 second or less) video pitch submitted by March

2nd, 2018 by midnight.

All registered teams must upload a Full Business Plan by April 20th, 2018 by 5 PM.

All business plans must be submitted in PDF format using the competition

website/email provided.

All registered teams must upload a Business Plan Presentation by April 26th, 2018 by

5 PM.

All business plans must be submitted in in PowerPoint, PC-compatible format using

the competition website submission site.

The for-profit Venture Competition will take place in two rounds: (1) the preliminary

round, and (2) the finalist round.

The not-for-profit competition will take place in one round.

Competitors advancing to the final round will have an opportunity to modify their

PowerPoint presentations (after receiving feedback from judges, prior to presenting

in finals).

The Invention Competition will take place in one round.

Video Application Requirements

All competitors must submit a 60-second video pitch to serve as their application to

the competition. Use this opportunity to show/tell judges about the business/social

enterprise idea. Video applications can be emailed to franzcenter@up.edu.

Business Plans

Business plans must follow the following format:

o Business Plans must be no longer than 10 pages

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o Up to 5 pages of appendices (financials, bios, market data, etc.) may be

included after the 10 business plan pages (for a total of 15 pages maximum)

o 12 point font

o 1” margins on all four sides

o Must include page numbers (optional on title page)

o Must delineate clearly between end of business plan pages and beginning

of appendix pages (if applicable)

o Must be submitted in PDF format as directed in Competition emails

Plans that exceed these limits will be eliminated from the competition.

All deadlines are final. Out of respect to other teams and judges, no

submissions will be accepted after the deadline.

Applicants are also expected to follow the business writing, basic formatting,

and citation and reference page guidelines provided in the Pamplin School of

Business Expectations for Student Writing, available here.

Business Plan Format

All business plans must be submitted in PDF format using the submission email/site.

Please include the relevant recommended data points listed below. Additional

information can be included, as long as it is within the total length guidelines. The

title/cover page and table of contents do not count as part of the 10 business plan

pages.

Title/Cover Page (Does not count toward 10 business plan pages)

Table of Contents (Does not count toward 10 business plan pages)

Executive Summary

Market Overview

Business Model

Customers or Prospective Customers

Sales & Marketing Strategy

Competitive Environment

Management Team

Financials

Capital Needed to Launch & Potential for Exit or Profitable Operation

Contact Info for the Team Leader

Appendices (Up to 5 pages of appendices)

*must have at least a detailed 3-year projected income statement

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Invention Overview Format

Title/Cover Page

Table of Contents

Executive Summary

Invention Description

Functionality Review

Intellectual Property Issues

Competitive Review

Patent or Copyright search

Target Selling Prices

Prototype and At-Scale production costs

Design files

Prototype photos

Contact Info for the Team Leader

Appendices (Up to 5 pages of appendices)

Business Plan Feedback Procedure

Each judge will provide a numeric score and comments for each of the sections

above for each business plan submission that they review. This feedback is to

provide an educational opportunity for the team and may or may not be utilized

in the competition ranking process, although it may influence the judge’s ranking

decisions. This feedback is provided using an online system.

Business Plan Judging Procedure

Each judge will rank each business plan they review in comparison to all of the

plans they review as to the one that they would be most likely to invest in. The

judges will then compare their top choices, and work together to identify the top

two ventures, who will become finalists to participate in the afternoon round. The

afternoon final judges will use a similar process to choose 1st, 2nd, and 3rd place.

Invention Judging Procedure

Invention judging guidelines will be provided to Invention participants in advance

of the competition.

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Presentations

All presentations must be the original work of the presenting team members.

Presentations should be done in PowerPoint PC-compatible format.

Teams should upload their presentation in advance through the system (refer

to submission instructions for details). In the event of any technical difficulties,

please be sure to bring a back-up copy on a thumb drive, and have another

back-up accessible on the web. Teams will be disqualified if they do not have

back-ups, and technical problem interference with their presentation.

A) Preliminary Round: All for-profit teams will present on the morning of April

28, 2018 in the preliminary presentation round. Presentations will be up to 10

minutes followed by up to 5 minutes of Q&A from the panel of judges.

B) Break: After the first round of presentations, all participants will break for

lunch. The 2 finalist teams from each group will be announced during this

time. Teams will be able to utilize any time remaining in the break period to

make changes or modifications to their presentations based on judges’

questions and feedback from the first round.

C) Final Round: The finalist teams will return to present in front of a live

audience, which includes the final round judges, all of the finalist teams, and

the public. Final round presentations will run up to 10 minutes, with 5 minutes

of judge Q&A.

The Use of Mentors & Faculty

All competitors are welcome and encouraged to work with a mentor. If a

mentor is not already in place the Franz Center for Leadership,

Entrepreneurship, and Innovation at the University of Portland will gladly

arrange a mentorship. If interested in being paired with a mentor, please email

franzcenter@up.edu.

Mentors cannot be part of the team.

Mentors should not directly participate in the writing, direct editing, or specific

development of any part of the submission.

Mentors should provide advice and insights into the development of the plan,

presentation coaching, and other general education interactions.

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Mentors are not required, but are encouraged for the best learning

opportunity.

Rules Committee & Rules Violations

Questions about the rules should be addressed to franzcenter@up.edu for

clarification.

Rules violation concerns, if any, must be submitted in writing to Peter Rachor

(rachor@up.edu) detailing the purported violation, team(s) involved, and

team(s) reporting the purported violation, within 10 days of the competition.

The University of Portland Franz Center has final authority in deciding if a

violation occurred.

Special Situations & Accommodations

If you or any member of your team needs to request approval for, or accommodation

of, a special situation, the team point of contact person should contact Peter Rachor,

Director for Entrepreneurship & Innovation, explaining the situation or request no

later than April 14, 2018.