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Please consider posting this international entrepreneurship opportunity to the list serve. Many thanks - Mark Cannice

 

Dear Colleagues:

 

The Hong Kong University of Science and Technology Business School is
pleased to invite your graduate students to submit proposals to compete in
its inaugural 2006 International Business Plan Competition
(www.ChinaBusinessPlanCompetition.org).

The 2006 HKUST International Business Plan Competition will be held May 4
- 6. All Graduate Students from every nation are invited to submit
business plan proposals for consideration of participation by March 1.

Total Awards for the 2006 Competition will total approximately $25,000
(all attending teams will earn a cash award of at least US $1000 and have
complementary lodging on campus).  However, the real prize is the chance
for your students to offer their business proposals before an
international panel of investors and executives in the financial hub of
Asia.

As the only University Business Plan Competition in China open to complete
graduate teams from other universities, the HKUST Competition provides a
unique entrepreneurial opportunity for all graduate students.

We invite currently enrolled graduate students to submit a 5 - 7 page
executive summary (format described below) of their business plans by
email attachment by March 1, 2006 for full consideration. Submissions
(format described below) should be emailed to the HKUST Contest Chair: Dr.
Mark Cannice (cannice@ust.hk&YY=90324&order=down&sort=date&pos=0&view=a&head=b">cannice@ust.hk).  Please indicate "HKUST International
Business Plan Contestant" in the Subject line.

We ask that each team also submit an 'Intent to compete' note with the
preliminary team members, university, and company name and brief
description as soon as possible.


Mark V. Cannice, Ph.D.
Visiting Associate Professor
Chair, HKUST International Business Plan Competition
Hong Kong University of Science and Technology


Executive Summary format

Title page
- HKUST Business Plan Competition Contestant
- Company name
- All Team member names (student and non-student) and individual contact
information - name, university, (Graduation month/year), approximate %
equity ownership in venture (e.g. 20%), email, phone, address.  (Each
individual must have separate email contact info.) Please! indicate who is
the primary contact.  Indicate (*) who plans to present/attend the USF
contest (only current students � grad date after August 1, 2005 may
present and answer questions at the contest).- Faculty Advisor (s) - name,
title, university, email, phone, address.
Summary
1. Company name & brief description. (Explaining the concept clearly and
persuasively is key!)
2. Opportunity or Problem in the market you wish to exploit.
3. How does your product/service address the problem or opportunity?
4. Who are your current and potential competitors, and what is your
company's competitive advantage?
5. Target market (s) specifications (demographics) and size (# & $).
6. Marketing strategy to reach target market & projected % penetration:
years 1 - 5.
7. Business Model (supply/production/distribution strategy, projected
revenue streams, and margins).
8. Summary of projected revenue/profit based on penetration of target
market (s), market size growth, and estimated expenses for years 1 - 5;
time of Break Even. For example:
Year 1 Year 2 Year 3 Year 4 Year 5
Revenue
Profit

9. Management team and relevant experience.
10. Amount of money needed from investors, and for what purpose.
11. Current State of Firm (e.g. product development stage, patents,
contracts, current sales, profit level, equity/debt raised so far, etc.)
12. Potential application to the Greater China Region (e.g. potential R&D
base, production base or market).
Indicate approximate equity ownership of each team member, current annual
revenue (when first revenue was achieved), and total equity (founders
versus professional investors) raised and when.