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Competition Finals: UMass Entrepreneurship Initiative Executive Summary


About the Competition

The The Harold Grinspoon Charitable Foundation (HGCF) and the National Collegiate Inventors and Innovators Alliance (NCIIA) proudly sponsor the UMass Amherst Entrepreneurship Initiative's Executive Summary Competition to recognize the school's most talented and committed collegiate entrepreneurs. 

Short Version

  • What we look for - Entrepreneurs with the strongest business proposition and ability to execute. 
  • Process - Submit your documentation according to our guidelines (detailed in the TIME LINE section below).  A screening committee decides if you make it to the finals. There you give a 90-second "elevator pitch" to our judges and answer their questions in a public event.  Winners receive monetary awards and mentoring.

Full Details

Eligibility, you must...

  • Be an current undergraduate, graduate student (full-time or part-time), OR a recent (within 5 years) alumni of one of our participating schools: UMass Amherst, Smith College, Hampshire College, or Mt. Holyoke College.
  • Be actively engaged in launching or running your own business

If you win, you must commit to presenting at the HGCF Entrepreneurship Awards Ceremony & Banquet on Wednesday, April 29, 2009, as well as at the annual fall Entrepreneurship Conference in November of 2009 (exact date TBA).

Judging Criteria

Our judges are looking to recognize companies with the strongest business proposition and ability to execute. 

By a strong business proposition, we mean a company with compelling answers to the questions posed in the executive summary template.  By ability to execute, we mean entrepreneurs with the ability, knowledge, ambition and passion to make the business successful.

Our judges, just like real investors or partners, will rely on a "gut" analysis of your written documentation, in-person presentation, and your ability to answer their questions live.  Also, like the real world, good written documentation is needed to get your foot in the door (get you into the finals), but to win you will need to sell your story in person.

Time Line

October 12 @ 11:59 pm – DEADLINE to submit DRAFT documentation (this is a REQUIREMENT for the class)
Contestants must:
1. Download and application 
2. Fill it out the application completely (instrcutions are inside the application form)
3.
Upload the completed application form (in .doc format) to the executive summary submission page (hosted by EI Alumni Company AngelCatalyst)

Optional: View a sample application from an Alumni company that went on to secure over $50,000 in funding

October 14 @ 5:30 pm – Executive Summary Workshop
This EI class will be dedicated to helping you improve your business concept and writing skills.  Don't miss this class.

October 16 @ 11:59 pm – DEADLINE to submit FINAL documentation
Contestants must:
1. Download and application 
2. Fill it out the application completely (instrcutions are inside the application form)
3.
Upload the completed application form (in .doc format) to the executive summary submission page (hosted by EI Alumni Company AngelCatalyst)

October 18 @ 5:00 pm – Announcement of Finalists
All applicants will be informed via email if they made it to the finals.

October 21 @ 5:30 pm – Competition Finals (finalists must arrive at 5:00 pm)
This is an open-to-the-public event.  Each company will have 90 seconds to deliver a verbal "elevator pitch," followed by several minutes of Q&A from the judges.  The judges will then deliberate to determine the final ranking.  Meanwhile, the finalists will take questions and receive feedback from the audience.  When the judges return, they will provide constructive feedback to each finalist and announce the final ranking.  After the competition is over, the finalists, judges, and organizers will enjoy a private, sociable dinner together.

Advisory Meeting Once over the course of the next year the finalists, judges, and interested faculty advisors will meet to review the companies' progress and offer fresh advice and support.  The exact date & time of these events will be determined on a case-by-case basis.

About our Judges

To-be-announced

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