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Draper Business Plan Competition

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2014 Competition Rules

Eligibility

1. A team must have at least one active member who is a degree-candidate student of Smith College (graduate or undergraduate) or one of the other invited Women’s Colleges. A degree-candidate student at Smith College or one of the other invited Women’s Colleges must serve as the team leader, must have played a significant role in conceiving the venture, and be the primary presenter at all competition events. Entries where outsiders are using Smith College or one of the other invited Women’s Colleges students primarily as a vehicle to participate in the Competition are not permitted.

2. There is no limit as to the maximum or minimum number of people on each team. Individual students may enter. An individual may participate on more than one team and/or submit more than one proposal.

3. All submitted materials must be the original work of the participating team.

4. An existing business is only eligible if, before January 1, 2014, it has received less than $25,000 in funding and has earned less than $100,000 in gross revenue.

5. Any contestant who initiates contact with any judge prior to Competition Day will be automatically disqualified from the Competition.

Deadlines

1. Deadline: Written applications must be submitted by 11:59 pm Wednesday, March 26, 2014 via the online application.

The Semi-Finalists will be notified by 11:59 pm Friday, March 28, 2014.

2. Deadline to withdraw from the competition is Sunday, April 6, 2014 at 11:59 pm.

3. The selection committee will use numerical evaluation sheets to evaluate the student pitches, and will rank and identify the top 15 teams to advance to the 2014 Draper Business Trade Show on April 16th. The top five ranked teams will automatically qualify for competitoin day final pitches on April 16th. A total of seven teams will pitch on competition day: three Smith teams, two invited non-Smith teams, and two teams to be chosen by the judges at the Trade Show on April 16th.

4. Finals: Wednesday, April 16th, 2014. All Semi-Finalists will present Trade Show Booths to the Judges and the public. Seven contestants will be chosen to present to the Judges. These seven finalists will deliver oral presentations in the form of a 90 second business pitch. The top three prizes will be awarded by the Judges based on combined scores of teams written materials, Trade Show Booths and 90 second pitches on April 16th.

Prizes

1. First Prize: $10,000 and up to three scholarships for active members of the participating team to The Draper University of Heroes, San Mateo, CA campus boarding program. Second Prize: $7,500 and up to three online course scholarships for active members of the participating team to The Draper University of Heroes online course. Third Prize $5,000.

2. Prize money will be disbursed in accordance with Smith College policies and will be subject to state & federal taxes. All prize winners will need to submit appropriate tax documents to and provided by the Smith College Controller’s Office in order to receive funds.

3. All scholarships to The Draper University of Heroes to be arranged directly with Draper University. Draper University only admits students ages 18-26. Winners outside of this age range do not qualify for scholarships.

Disclaimers

1. The Competition organizers reserve the right to disqualify any entry/team at any time that, in its judgment, violates the letter or spirit of the Competition.

2. Smith College and the Competition organizers assume no responsibility to ensure the confidentiality of any information disclosed by teams during the public competition.

3. Smith College and the competition organizers assume no responsibility to ensure the confidentiality of any information disclosed by teams before, during, or after the competition. Applications submitted to the competition are considered PUBLIC. The documents may be shared with judges, advisors, future students, posted on websites, used for marketing purposes, etc. Entrepreneurs should therefore ensure that their documentation does not contain secret or proprietary information.

4. Participants agree to be photographed and recorded and allow Smith College free use of these images as well as summary description of all Executive Summaries.

5. All decisions regarding the competition rules, procedures, and processes are at the sole discretion of the competition organizers.

6. The selection of the teams to compete in the Competition Finals and the selection of the winners are at the sole discretion of the Competition Judges and the Competition organizers.