Hong Kong University of Science and Technology 2007 International Business Plan Competition

: Invitation to Compete. I just got forwarded this from the HKUST. Read more after the jump on how to win $25k (is it USD or HKD?) :)

Dear Colleagues:

The Hong Kong University of Science and Technology Business School is pleased to invite your graduate students to submit proposals to compete in its second annual International Business Plan Competition ( www.ChinaBusinessPlanCompetition.com ).

The 2007 HKUST International Business Plan Competition will be held May 3-5. All Graduate Students from every nation are invited to submit business plan proposals for consideration of participation.

Total Awards for the 2007 Competition will total approximately $25,000; however, the real prize is the chance for your students to offer their business proposals before an international panel of investors and executives in the financial hub of Asia.

As the only University Business Plan Competition in China open to complete graduate teams from other universities, the HKUST Competition provides a unique entrepreneurial opportunity for all graduate students.

We invite currently enrolled graduate students to submit a 5 – 7 page executive summary (format described below) of their business plans by email attachment by March 1, 2007 for full consideration. Submissions (format described below) should be emailed to the HKUST Contest Chair: Dr. Mark Cannice ( HKUSTbp@ust.hk). Please indicate “HKUST International Business Plan Contestant” in the Subject line.

We ask that each team also submit an ‘Intent to compete’ note with the preliminary team members, university, and company name and brief description as soon as possible.

Please consider posting this opportunity for your students on your university website.

Mark V. Cannice, Ph.D.
Chair, HKUST International Business Plan Competition
Hong Kong University of Science and Technology
www.ChinaBusinessPlanCompetition.com

Executive Summary format

Title page
- HKUST Business Plan Competition Contestant
- Company name
- All Team member names (student and non-student) and individual contact information – name, university, (Graduation month/year), approximate % equity ownership in venture ( e.g. 20%), email, phone, address. (Each individual must have separate email contact info.) Please indicate who is the primary contact. Indicate (*) who plans to present/attend the contest (only current graduate students may present and answer questions at the contest). – Faculty Advisor (s) – name, title, university, email, phone, address.
Summary
1. Company name & brief description. (Explaining the concept clearly and persuasively is key!)
2. Opportunity or Problem in the market you wish to exploit.
3. How does your product/service address the problem or opportunity?
4. Who are your current and potential competitors, and what is your company’s competitive advantage?
5. Target market (s) specifications (demographics) and size (# & $).
6. Marketing strategy to reach target market (s) & projected % penetration: years 1 – 5.
7. Business Model (supply/production/distribution strategy, projected revenue streams, and margins).
8. Summary of projected revenue/profit based on penetration of target market (s), market size growth, and estimated expenses for years 1 – 5; time of Break Even. For example:
Year 1
Year 2
Year 3
Year 4
Year 5
Revenue
Profit
9. Management team and relevant experience.
10. Amount of money needed from investors, and for what purpose.
11. Current State of the firm ( e.g. product development stage, patents, contracts, current sales, profit level, equity/debt raised so far, etc.)
12. Potential application to the Greater China Region (e.g. potential R&D base, production base or market).
Indicate approximate equity ownership of each team member, current annual revenue (when first revenue was achieved), and total equity (founders versus professional investors) raised and when.