The Vice Chancellor’s Cup of Student Entrepreneurship 2012.ppt

The Vice Chancellor’s Cup of Student Entrepreneurship 2012VCCE A business plan competition “Planning is the substitution of error for chaos.” – Anonymous Writing and presenting plans allows you to communicate Communication is essential for attracting Investors High quality staff Suppliers Buyers How to compete Get an idea Form a team The Presenting Team: up to 5 CUHK students Real Team may be different include non students Be fewer or more Find an Advisor – any CUHK professor CUHK student role must be substantial CUHK student equity 20% CUHK student management 50% If your company already exists it must have no substantial sales before Sept 2011 Plan is written to source equity capital Any independent business in any industry No buy-outs of, expansions to or sponouts of existing companies No franchises or licensing agreements for distribution in a different geographical area Criterion for winning Ventures May be Social Enterprises or Mixed Enterprises All great companies have a value creating purpose: Google’s mission is to organize the world‘s information and make it universally accessible and useful. High quality employees is motivated to work for such a purpose Attractive Social Ventures maximize social return on financial investment Aim for global impact Solve large social problems Scalable Social Ventures will NOT be judged in a separate track Prizes LEARN skills useful for start-ups Interact with VCs, investors and partners Winners represent CUHK at national and international competitions 1st $8,000; 2nd $5,000; 3rd $2,000 Judged by panels of investors Sow Asia Foundation Social Venture Award: $8,000 Regular prize winners may also win the Sow Award Judged by Darius Yuen Sow Asia will seriously consider financing of one of the plans up to a principal amount of $1 million subject to mentoring, review, due diligence and team commitment Investment is available for ventures with high expected returns Plan Length Written Plan Summary maxi