Coyote Innovation Excellence Award Receives $1,000*
Coyote Innovation Entrepreneurship Award Receives $750*
Coyote Pup Award Receives $500*
(*Plus a package of professional services worth thousands)
The three awards will be given in each of the three tracks:
* “Dream It” – Initial planning stage. Entrants must be enrolled in high school during the 2014-15 academic year.
* “Think It” – Seed/start-up stage. This track is for those business, product, and innovative ideas that are beyond the initial planning phase, but may not yet have been market tested. There is the chance that, if these ideas were funded, they could be ready to move on to the next start-up phase. Entrants must be enrolled at a college or technical university during the 2014-15 academic year.
* “Start It” – Early growth stage. This track is for those ideas that been tested and may have had some success. They may be in need of next phase resources and support to scale up to the next step. Entrants have typically conducted preliminary testing of their business, product, and innovation and are ready for their next phase resource needs.
1. The competition is for new, independent ventures in the seed, start-up, or early growth stages. Proposals for the buy-out or expansion of an existing company, tax-shelter opportunities, real estate syndicates, purchase of a franchise, and consulting projects or analyses are not eligible. The business may not have generated more than $50,000 or $100,000 in revenues nor have raised more than $250,000 in outside equity capital before February 1 of the year of the competition. (Friends and family funding does not count toward funding limits.)
2. Business plans must represent the original work of each contestant. It may not contain any fabricated information. Presenters may bring samples of their product to show, but may not bring giveaways for the judges.
3. Individuals or groups may enter the competition. All principals involved must be clearly identified in both the application and the presentation by name, address, and e-mail address. In the event a team receives an award, check(s) and prizes will be coordinated with the primary contact person listed on the application.
4. Written submissions, the competition presentation, and the concepts they contain are recognized as confidential and will not be intentionally disclosed outside the committee of judges without the entrant’s permission.
5. Plans will be judged equally on the: quality and completeness of the business plan, quality and completeness of the presentation, and viability, innovativeness and potential of the business idea itself.
6. Initial Business Innovation Submission: One electronic copy of the entry must be submitted at i2i.wiremeawake.com through midnight on March 4, 2015. The electronic submission is to be an executive summary addressing the following questions (maximum of 2 paragraphs per question.
* What problem are you solving?
* What is the unique value proposition?
* How does this idea/business help address this problem?
* What is the size of the market?
* Who is your competition?
* What experience or expertise do you have to develop this?
* Briefly describe each member of your team and their strengths.
Preferred format is a single adobe PDF file however Microsoft Word file is acceptable. Please ensure that all file names begin with either the company name or the lead entrepreneur’s name.
7. Judges will decide if submissions meet all the requirements for submission. Judges will select a small number of plans as finalists to be announced on March 11 2015.
a) Finalists will make 15-minute oral presentations (PowerPoint optional) of their plans on March 25, 2015 to a panel of entrepreneurs or investors judges. The presentation will be followed by questions from the judges, approximately 5 min.
b) Finalists are to bring three bound/stapled hard copies of the Business Plan (max. 5 pages) to the live i2i Competition on March 25, 2015. The Business Plan must include:
b.1. General description of the project (good or service)
b.2. Apparent need for the product
b.3. Potential value proposition
b.4. Competitive advantage and/or uniqueness and features of the product
b.5. Projected market size
b.6. Plausibility of the financial case and management team
b.7. Cover page with business name, entrant’s names, and entrant’s contact information.
c) The award recipients will be chosen by those judges and announced at the afternoon i2i + Wire Me Awake Conference. If the judges believe no entrant describes a sufficiently high quality concept and plan, no award will be made.
8. Attendance: To be considered for any award, all competing/presenting team members member must arrive at Beacom Hall, University of South Dakota on March 25, 2015, and be registered by 9:00 am. Registration begins at 8:30 a.m. Teams must attend the i2i Award session at 4:00 at the i2i + Wire Me Awake Conference.
Questions or correspondence may be directed to De Vee Dykstra (Telephone: 605.677.5894; e-mail: firstname.lastname@example.org).
Award recipients will be provided with contact information for each Sponsor and those providing in-kind services. Arrangements for these prizes are made directly between the award recipients and the in-kind providers, and are subject to the provider’s limitations.