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Draper Competition

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Rules and eligibility 2015

Updated 1/26/2015

Eligibility

 

 

Team Members

This competition is open to any undergraduate student who is currently-matriculating at Smith College or currently enrolled in a degree program at one of the invited colleges or universities ("Eligible Student"). Click here for a list of participtating schools.

Graduate students and non-students may be members of the venture's management team and may participate in planning the venture. However, only Eligible Students may participate in the Trade Show Expo or oral presentation on Competition Day.

Team Leader

Each team must have at least one Eligible Student who will serve as the team leader ("Team Leader") and lead presenter on Competition Day.

The Team leader must have played a significant role in conceiving the venture and be a currently matriculating undergraduate:

Team Size

There are no restrictions on the number of team members. A solo venture submitted by an individual Eligible Student constitutes a team. Eligible Students may participate on more than one team and/or submit more than one proposal.

Ventures

The competition is for new, independent ventures in the seed, start-up, or early growth stages. An existing business is eligible only if, as of 11:59 p.m. on December 31, 2014, it has received less than $25,000 in funding and has earned less than $100,000 in gross revenue.

Faculty Sponsor

Each team MUST have, and provide contact information for, a faculty adviser at their school. Faculty advisers are not required to be present at Smith College on Competition Day.

How to Enter

  1. The Team Leader must send an email of the team's Intent to Participate to draper@smith.edu by the March 2, 2015 deadline. The following information will need to be provided
  1. Full online application must be completed by the Team Leader by the March 23, 2015 deadline. The completed application must be accompanied by a Word file of the Business Plan and Executive Summary.

Process

Disqualification

Prizes

First Prize
$10,000 and up to three full scholarships for Eligible Students to The Draper University of Heroes, San Mateo, CA campus boarding program.

Second Prize
Up to $7,500 and up to three course scholarships for Eligible Students to The Draper University of Heroes online curriculum.

Third Prize
Up to $5,000

Audience Favorite
$500

Semi-Finalists
$100

NOTE: All winning teams and prize amounts are solely determined by the Competition Judges.

NOTE: Prize money will be disbursed in accordance with Smith College policies and will be subject to state and federal taxes. All prize winners will need to complete and return appropriate tax documents provided by the Smith College Controller's Office in order to receive funds. Graduate student and non-student venture members are not eligible to receive any prizes.

NOTE: All scholarships to The Draper University of Heroes will be arranged directly with Draper University. The Draper campus boarding program only admits students ages 18–28. Eligible Students outside of this age range do not qualify for Draper University campus boarding scholarships.

Disclaimers

CLICK HERE FOR COMPETITION RULES AND ELIGIBILITY!