Silicon Valley Boomer Venture Business Plan Competition 2011

It's not too late to submit a business plan! Due to overwhelming interest from groups that were not able to submit an executive summary in time to be reviewed by our first round judges, we have decided to allow interested entrepreneurs to submit complete business plans in the second round, even if they did not submit an executive summary for review. Because of this, we have elected not to eliminate any entrepreneurs before the second round.

However, groups that did submit an executive summary for review will have the benefit of thorough feedback on their executive summary, and will also have the opportunity to be paired with a mentor to help refine their idea and incorporate the judges' feedback into their complete business plan.

Complete 15 page business plans are due , May 12 by 5:00pm PDT. If you submitted an executive summary in the first round, you will again use YouNoodle to upload your complete business plan (click the button to the right).

The business plans will be judged on the following five criteria:

1. Market Opportunity
-Why is there a need for this company's solution?
-What is the market opportunity?
-Are there any market issues that the plan did not acknowledge but that need to be addressed?

2. Proposed Product/Services
-What is the company's solution?
-Does the company have a defensible and proprietary approach to its business?
-How can this company achieve a leadership position in the market?
-How does the company plan on penetrating the market?

3. Competition
-What does the market look for?
-Who would be the initial competitors and who would be likely competitors in the future?
-What is the company's unique competitive advantage?
-What are the hurdles to entering the business?

4. Business Model
-What is the business model? Is it operational or feasible?
-Does the plan address the major relevant risks and appropriate mitigation plans?
-Is the value proposition sound?
-How much capital is required to break even?
-How scalable is the business?
-Is the business model financially viable?
-Does the business model give back to a community or organization in some way?

5. Management/Founders
-What is the background of management or proposed management for this type of company?
-Is there industry expertise and prior success among the management/founding team?

Visit www.scuboomerventure.com for helpful resources, information on past winners and official rules.

If you have any questions about the Business Plan Competition, please contact Adelene Gallego Ramos at adelenegallego@yahoo.com.


BOOMER BUSINESS PLAN COMPETITION DEADLINES

Wednesday, May 12 – Full plans due from entrepreneurs
Wednesday, May 25 – Notify finalists per email
Wednesday, June 15 – Final competition

http://www.youtube.com/user/SCUboomerventure

Today is the Deadline! Submit Your Executive Summary for a Chance to Win $10,000!

Sent by Adelene Gallego Ramos on 23 April 2010, 08:58AM

Contents

• The Deadline to Enter the Boomer Business Plan Competition is Today, Friday, April 23, 5 pm PDT
• What to Include in the Executive Summary
• Helpful Resources
• Important Dates
• Highlights from 2009

• Angelica Amir wrote (2 years ago):

  Hope Power point works.It is exciting.

  • Reply

• Adelene Gallego Ramos wrote (2 years ago):

  B-plan Competition CRITERIA & RULES can be found here: http://www.scuboomerventure.com/bplan/criteria.html

  • Reply

• Adelene Gallego Ramos wrote (2 years ago):

  Check out our latest Press Release on Yahoo Finance:http://finance.yahoo.com/news/Competition-Solicits-Busine...

  • Reply