2014 Billiken Angels Network Business Plan Competition
2014 BAN Business Plan Competition
Saint Louis University's Billiken Angels Network announces its third campus-wide business plan competition, sponsored by the Coleman Foundation of Chicago. It will be held at the Cook School of Business on Wednesday, May 14, 2014. All types of student-owned business ideas are acceptable: high-tech to no-tech, one-person firms to large teams, for-profit or social ventures, existing or planned, any type of business in any industry.
There are two tracks:
(1) The Funding Track is for firms seeking angel investment. Finalists in this track will have the opportunity to present to the Billiken Angels for funding consideration in addition to the prize money (1st - $1000, 2nd - $500, 3rd - $250).
(2) The General Track are for firms that will self-fund, or fund using family, friends or loans (1st - $500, 2nd - $250, 3rd - 150).
All those receiving Honorable Mention in either track will receive $100. All submissions will receive feedback on their ideas from the members and staff of the Billiken Angels. The BAN is SLU's angel network, comprised of over 30 local entrepreneurs and 45 volunteers with a commitment to growing the campus and the community.
1. The Competition is ONLY open to SLU students who were enrolled for at least one semester of the 2013-2014 academic year.
2. Submissions for campus-wide entries are due by 5 p.m., Thursday, May 1st, 2014 - email plans to Prof. Jerome Katz, firstname.lastname@example.org.
3. All business plans must be submitted electronically (PDF format ONLY with the financials in the business plan rather than in a separate file - here is how to "embed" excel files in Word documents according to eHow and Microsoft - if you need to change the page orientation to landscape to fit-in more columns, here is how in eHow and Microsoft).
4. There is no required format for the business plans. Formats used in any class at SLU qualifies, as do formats used for local business plan competitions (e.g. Olin Cup, Capital Innovators, iStart, etc.). However, to qualify for consideration, the plan must include full financials (cash flow, income statement, balance sheet) for a minimum of three years.
5. Plan Ownership: You must include contact information (email, phone) for all authors of the plan on the cover of the plan. Leaving out plan authors are grounds for automatic elimination and may be a violation of University ethics policy. All people who contributed to the plan must give their formal, written agreement to have the plan submitted. It is the submitting author's responsibility to secure these permissions.
6. The six finalists will present on May 14th. Each will have 15 minutes, followed by a 20 minute Question-and-Answer session with the judges. The judges will announce the winners at the end of the Competition.
For help in putting a business plan together, there are several free resources. A very good set of guides can be found at SCORE (click here) and the SBA (click here). There are two free on-line business plan creation programs (basically a series of brief how-to explanations and space for you to write each small section) at Purdue University and from Bizgym.com, Interactive Business Planner, Plan2biz.com. For mentoring assistance as you put together your plan, you can contact the Center for Entrepreneurship at SLU's John Cook School of Business.
Plans will be screened by the Fellows of the Billiken Angels. Fellows are volunteers (many of them SLU alums) from a variety of professions who routinely help the angels with screening and analysis of opportunities. They will select three finalists in each track and up to five plans receiving Honorable Mention. The final presentations will be judged by members of the Billiken Angels, as well as other accomplished entrepreneurs and business experts.
Please contact Prof. Jerome Katz (email@example.com, 977-3864) with any questions.