Outside Funding: All ventures must be seeking outside equity capital, typically early stage venture investment or early stage angel investment.
Venture Type: All ventures must be “for profit” entities.
Team Size: The presenting (competing) team should include at least one current student and not exceed five members. More than five students can travel with the team, but only five students can serve as presenters.
Student Involvement: Students are expected to: (1) be the driving force behind the new venture, (2) have played the primary role in developing the business plan, (3) have key management roles in the venture, and (4) own significant future equity in the venture.
Nature of Ventures: The competition is for new, independent ventures in the seed, start-up, or early growth stages.
Attendance: To be considered for any award, all competing (presenting) team members must arrive at FIIB on Feb 8th, 2018 for briefing and be present on campus on 9th Feb at 9:00 AM for the Competition.
Award payments: All required taxes will be withheld, and tax refund documents issued by FIIB.
Required Forms: Each team will be required to provide appropriate documentation to receive award payments No prizes will be awarded without the required forms
Time Lines: To stay eligible in all stages of the competition, it is important that all teams adhere to the timeline for the BPC
Hospitality: Their hospitality charges for the days during the competition on campus are managed by FIIB. All other travel and stay expenses are picked by qualifying team members
Declarations: Each team is required to make all important declarations at the time of Registration. Failure to do so can be a disqualification condition Confidentiality and Intellectual Property Guidelines
Intellectual Property: The authors of the business plan will retain all rights to the plan regarding its use at all times prior to and following the competition
General :The presentation of business plan’s, including but not limited to oral presentations and question/answer sessions, will not be open to the general public but open only to mentors, jury members, judges and select invitees from the college
Confidentiality: Any data or information discussed or divulged in public sessions by entrants should be considered information that will likely enter the public realm, and entrants should not assume any right of confidentiality in any data or information discussed, divulged or presented in these sessions.
NDA: A Non-Disclosure Agreement (NDA) is signed by the participating teams and FIIB, which includes standard confidentiality clauses. The Meraki NDA can be viewed here