SCU Invited to Compete in DFJ-Cisco Global Business Plan Competition-Winner Take All Prize of $250,000 Seed-Stage Funding
Draper Fisher Jurvetson and Cisco have invited Santa Clara University to submit two (2) business plans for the DFJ-CISCO Global Business Plan Competition to be held on June 29, 2010. This is a tremendous opportunity for aspiring student entrepreneurs (undergraduate and/or graduate) to pitch their ideas to a team of leading venture capitalists and corporate investors. The competition will include participants from universities around the globe in regions covered by the DFJ Global Network and Cisco Systems, Inc. It is anticipated that 14 teams will be selected as Finalists for a winner-take-all investment of at least US$250,000 in seed stage funding
If you have a business plan and want to participate, the following is required:
Step 1: Submit the required Cover Page and an Executive Summary (maximum eight pages, double-spaced, 1-inch margins, minimum 10 pt. font, not including the cover page).
Deadline: 10:00am on Monday, May 24, 2010.
Step 2: An intra-university panel of SCU faculty and staff will review executive summaries and teams will be informed of selection by 6:00pm on Friday, May 28, 2010.
Step 3: Two (2) shortlisted teams will need to submit the following items by 10:00 am on Tuesday, June 1, 2010:
- Executive Summary (if any amendments have been made)
- PowerPoint presentation (max. 25 slides, at least 10pt font, not including resumes)
- Full Business Plan (max. 25 pages, .pdf, double-spaced, 1-inch margins, at least 10pt font, including exhibits, but not including resumes)
- Resume of each team member (.pdf, 1-inch margins, at least 10pt font, limit 1-2 pages)
Step 4: The final two teams will receive the DFJ-Cisco Global Business Plan Competition application to be submitted by 10:00 am on Friday, June 4, 2010.
All submissions should be made via email to Linda Jenkins in the CIE. Late submissions will not be accepted.
Confidentiality: All applicant data will be kept strictly confidential, will not be shared outside the judging panel, and will be used only for the purpose of team selection for the DFJ-Cisco competition. The business plans will not be distributed to others at any time without the prior written consent of the applicants.
Please review the following eligibility criteria
as provided by DFJ-Cisco:
- Team Composition: Teams may comprise one or more people. At least one-third (1/3) of the presenting team members must be students. At least one of these student team members must deliver a substantive portion of the company presentation. Students may be undergraduate, masters or PhD candidates who are matriculated in a full time, part time or executive degree granting program during the June 2009-June 2010 period. If the team members have formed a corporation, the Team does not need to include all of the employees and managers of the corporation.
- Student Involvement: Student(s) must hold a key leadership role in the formation and operation of the business.
- Funding Status: Teams that have already formed entities that have accepted a preferred equity investment from an institutional investor or have received more than US$1,000,000 in financing may not apply.
- Faculty Involvement: Student teams are encouraged to seek faculty support; however, faculty support is not a requisite.
- Judging: The judges will be representatives from DFJ and CISCO. The same persons will judge all teams throughout the day. Competition Criteria: The judges will consider management, addressable market size, competitive positioning, barriers, capital efficiency, financial projections, and achievements to date in selecting participants and winners. Final Competition Date: Tuesday, June 29, 2010
For any queries, please contact Nick Kurns
or Sol Tran
Presented by the Entrepreneurs Connection and the Center for Innovation & Entrepreneurship.