The business plan is due by February 14, 2022
Each finalist will be notified in advance and is required to present at the award ceremony at the Sesi Midwest Entrepreneurship Conference that will be held online via Zoom Webinar on March 11, 2022. Only finalists will be notified.
To participate in the competition, one must meet the following requirements:
- Individual participants or teams must consist entirely of current students in the Midwest region.
- Business Plans can be for a for-profit or non-profit business
- Business Plans can be for a start-up business or for an expansion of an existing small business (with less than 500 employees).
All deadlines must be met to be eligible.
Each finalist team/individual participant must attend the award ceremony (Sesi Midwest Entrepreneurship Conference) and provide a short PowerPoint presentation of the plan.
Waivers and Releases
Protection of highly confidential information is the responsibility of each participant. All Business Plan proposals will be handled confidentially. Only the organizers and the judges will have the access to the complete business plans. However, judges and organizers will not be required to sign nondisclosure documents. In case of a conflict of interest, the particular business plan will be assigned to a different judge.
Each team must complete the application and submit the plan in PDF format.
BUSINESS PLAN ENTRY SPECIFICATION
The following guidelines must be followed for each business plan entry.
Each uploaded business plan must include:
- Executive Summary: Approximately 1 to 2 double spaced pages (8.5"x11"). Recommended Font size: 12pt. Margins: 1 inch on all sides.
- Business Plan: Approximately 10 to 20 double, or 5 to 10 single, spaced pages (8.5"x11"), excluding appendices. Recommended Font size: 12pt. Margins: 1 inch on all sides. Appendices: Each entry may include a maximum of 10 pages of appendices, including the financial tables. Appendices must be clearly titled.
- Plans will be judged based on the following criteria:
1. Company addresses an important problem or opportunity.
2. Business concept and revenue model/social value model are clearly articulated and meet customers' needs.
3. Company solution is better than anything offered by competitors and is defensible.
4. Existing and planned team can credibly implement the business plan.
5. Marketing and sales approaches are appropriate for acquiring customers.
6. Company has a reasonable financial plan.
Center for Entrepreneurship
6 Hill Hall
College of Business
Eastern Michigan University
Ypsilanti, MI 48197
Phone: (734) 487-9263