The New RIT Business Model Contest
RIT has modified its business plan contest this year. We have modified the contest to reflect a shorter business/concept write-up and—to those who advance to the next round—a formal presentation to investors.
How the modified contest works:
Business Model Due Date - Sunday May 12, 2013 by 11:59pm: Students submit a business model write-up of two pages or less through the Simone Center website.
(Please do not exceed 2 pages)
Name of team/company:
Name of Company/Group:
Name and Title of Presenter:
Address, City, State Zip:
Business and Business Model
There is $10,000 in cash prizes that will be awarded in undergraduate and graduate tracts.
DEADLINE - All submissions must be received by Sunday, May 12, 2013 by 11:59pm.
All full- or part-time RIT undergraduate and graduate students working toward a degree are eligible to participate in the competition. (Eligibility includes students graduating at any time during the 2012-13 academic year).
- 1st Prize: $4,000/team
- 2nd Prize: $2,000/team
- 3rd Prize: $1,000/team
- 1st Prize: $2,500/team
Business plans should describe a potential new business in no more than two (2) single spaced pages, not including the income and start-up cost statement. Download information on how to format your business plan here.
A panel of outside entrepreneurs (and entrepreneur service providers) will judge the contest. Business Plans are evaluated based primarily on their realistic potential for success. Other pertinent criteria include:
Professionalism of the abbreviated business model
Compelling nature of the market opportunity, market need (actual or perceived), and the value provided to customers
Clear definition of target market (customers) and their accessibility
- Scalability of business and societal value reflected through stakeholders
Please contact Richard DeMartino for more information.