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2009 Merage School Business Plan Competition 2009 Competition Kick-off November 19 2009 Merage School Business Plan Competition Overview • • • • • • • • • • Welcome and Introductions Business Plan Competition Benefits Introduce Past Winners Prizes and Awards How the Competition Works and Workshop Overview What’s New This Year: YouNoodle.com TCA Seed Financing Invitational & OC Register People’s Choice Poll Next Steps: Registration & Concept Papers Wrapping It All Up / Q&A Networking Session 2009 Merage School Business Plan Competition Welcome By Leonard Lane Senior Assistant Dean of the Master's Programs Merage School of Business 2009 Merage School Business Plan Competition Welcome By Bruce Feuchter Stradling Yocca Carlson & Rauth Founding Sponsor 2009 Merage School Business Plan Competition Welcome By John Murphy Tech Coast Angels 2009 Merage School Business Plan Competition Thank you to our partners 2009 Merage School Business Plan Competition Business Plan Competition Benefits • • • • • • • • • • • • • Key skill to have whatever you do in life Develop analytical and team building skills Consummate networking opportunity $30,000 in cash awards Become part of our deal flow: TCA, VCPE, OCBIN OC Register People’s Choice Poll 4 great skills workshops taught by experts in their fields Team coaches for semi-finalist teams Free license of Business Plan Pro from Palo Alto Software Potentially create your first job out of college Establish a presence through YouNoodle It’s fun Bottom line: It’s about realizing your dreams 2009 Merage School Business Plan Competition Shankara Raghuraman Presto Wireless 1st Place, Overall Competition, $15,000 and Tech Coast Angels Seed Financing Invitational Team Members Matt Knebl Aric Plumley Andrew Monteabaro Anil Sharma Vishal Kanodia Shankara Raghuramna - FEMBA FEMBA FEMBA FEMBA FEMBA FEMBA 2009 Merage School Business Plan Competition 2009 Business Plan Competition Prizes and Awards Overall Competition Prizes: $15,000 First Place Prize and advance to Tech Coast Angels Seed Financing Invitational $7,500 Second Place Prize and advance to Tech Coast Angels Seed Financing Invitational $2,500 Third Place Prize and advance to Tech Coast Angels Seed Financing Invitational 2 Wild card teams advance to Tech Coast Angels Seed Financing Invitational Best Concept Paper Undergraduate Specific Prizes: $2,500 Cash First Place Prize $1,500 Cash Second Place Prize $1,000 Cash Third Place Prize Best Undergraduate Concept Paper OC Register People’s Choice Poll: Best Business Idea Award and feature article 2009 Merage School Business Plan Competition How Does It Work? 1 2 3 Attend Workshops Upload Concept Paper by February 9 Register Team on YouNoodle.com By January 9 4 7 Winners Announced 6 Present Business Plan On April 30 Semi-Finalists Selected and Coach Assigned February 18 5 Upload finished Business Plan by April 13 2009 Merage School Business Plan Competition How Does It Work? First, Team Registration on YouNoodle • Your Name (team leader) -E-mail address -Phone Number -University and School • Team Name -Other team information • Team Member data • Deadline is Jan 9 2009 Merage School Business Plan Competition How Does It Work? Phase I - Concept Paper: • Workshops and Presentations -Assessing the Market Dec 3 -How to Develop a Winning Concept and Lead Your Team to Success Jan 14 • Registration Deadline Jan 9 • Concept Papers Due Feb 9 2009 Merage School Business Plan Competition How Does It Work? Phase II - Business Plan: • Up to 20 Finalist teams Chosen Feb 18 – Matched with coach/mentors • Additional Workshops and Presentations -How to write a Business Plan -Presentation Skills for Pitching Investors • Business Plans Due • Elevator Pitch Video Taping • Final Presentations and Awards Mar 4 Apr 8 Apr 13 Apr 14 Apr 30 2009 Merage School Business Plan Competition 2008 Winner Rania Nasis Team Wanzo 2st Place, Overall Competition, $7,500 and Tech Coast Angels Seed Financing Invitational Team Members: Mark Merlo Nick Gunn Rania Nasis Sean McLean - Biomedical Engineering - Biomedical Engineering - Merage School of Business - Merage School of Business 2009 Merage School Business Plan Competition How Do I Form a Team? • Open to all UCI students, staff and researchers • Each team must have of at least 3 members • Each team must have at least 2 full time, currently registered UCI students • One team member must be a Merage student • Networking event tonight • Competition managed through www.younoodle.com • Register on YouNoodle 2009 Merage School Business Plan Competition What is New with Business Plan Competition this year: YouNoodle 2009 Merage School Business Plan Competition What New with BPC this year: YouNoodle 2009 Merage School Business Plan Competition What New with BPC this year: YouNoodle 2009 Merage School Business Plan Competition What New with BPC this year: YouNoodle 2009 Merage School Business Plan Competition What New with BPC this year: YouNoodle 2009 Merage School Business Plan Competition What New with BPC this year: YouNoodle 2009 Merage School Business Plan Competition What New with BPC this year: YouNoodle 2009 Merage School Business Plan Competition What New with BPC this year: YouNoodle 2009 Merage School Business Plan Competition What New with BPC this year: YouNoodle 2009 Merage School Business Plan Competition Nayana Wagle Adball.com 3rd Place, Overall Competition, $2,500 and Tech Coast Angels Seed Financing Invitational Team Members: Michael Sirivianos Karim El Defrawy Minas Gjoka Karl Ring Nayana Wagle - ICS PHD ICS PHD ICS PHD FTMBA FTMBA 2009 Merage School Business Plan Competition Tech Coast Angels Seed Financing Invitational • • • • • Tech Coast Angels is the largest seed financing organization in the US 3 top teams invited to TCASFI automatically 2 wild card teams invited to TCASFI as chosen by Angel judges Invited teams are assigned an Angel coach Each team has 6 months to prepare to present to Tech Coast Angels • After presenting, each team has 6 months to be potentially funded up to $1,000,000 in seed financing 2009 Merage School Business Plan Competition OC Register Peoples Choice Poll • Introduced in 2007 • Each semi-finalist team submits a 30 second “elevator pitch” and 150 word summary • Votes are cast by public for favorite team and factored as “sixth panel” • Results revealed on April 16 • Pushes ~50,000 page views per day • Winning team featured by OC Register 2009 Merage School Business Plan Competition Next Steps • Begin forming your team – (networking to follow) • Attend Dec. 3 workshop Assessing the Market • Team registration by Jan. 9 on YouNoodle • Attend Jan 14 workshop on writing the concept paper • Executive Summary & Company Overview • Market size and growth • Ability to sustain competitive advantage • Management team • Three page maximum 2009 Merage School Business Plan Competition Summary • Unique opportunity to learn about starting a business • $30,000 in cash prizes • Top 5 teams advance to TCA Seed Financing Invitational to be screened for up to $1,000,000 in seed financing • Register at www.younoodle.com January 9, 2009 • Concept Papers Due February 9, 2009 • 4 Workshops in start-up skills • Final Presentations and Awards on April 30, 2009 2009 Merage School Business Plan Competition Where to Get Information Charlie Baecker, Administrative Director Don Beall Center for Innovation & Entrepreneurship 949-824-1172 [email protected] Prashant Upase Manager, Business Plan Competition 949-241-0240 [email protected] www.merage.uci.com 2009 Merage School Business Plan Competition Team Networking For Teams Looking for Talent 1. Form line up front, describe your team in 30 seconds 2. Meet in one of the four corners to talk For Talent Looking for Teams Listen to the team presentations 1. Meet in one of the four corners to talk