Phases of the competition l Official rules & regulations l Appendix

PHASES OF THE COMPETITION*

A. Application

All teams must complete an online application form at register/ by 12.00 hrs. (Bangkok time) on Friday, January 5, 2007

1. Each team is required to submit a Summary Business Plan via email to contact@bbc.in.th by 12.00 hrs. ( Bangkok time) on Friday,January 5, 2007. Late submission will not be accepted.
2. The 16 Qualifying teams will proceed to the First Round*.

1. A “teaser” event held on Thursday, March 1, 2007.
2. One representative from each team will present its new venture idea in front of a panel of judges in 99 seconds or less at the welcoming event.
3. No visual aids or props of any kind are allowed.
4. Winner will be announced at the event.
5. A prize for the best pitch will be awarded at the event, but the scores will not be included in the business plan competition.

D. First Round: Friday, March 2, 2007 (Morning session)

F. Final Round: Saturday, March 3, 2007 (Afternoon Session)

Each team of the six that qualifies for the Final Round is required to present its business plan to a panel of judges*.

* Teams also receive written feedback from the panel of judges.

Remark: Dates are subject to change.
Please contact The mai Bangkok Business Challenge^® @ Sasin 2007 Committee.

OFFICIAL RULES & REGULATIONS

Teams who do not conform to all the stated rules & regulations will be penalized.

1. The proposed venture must be for a seed or start-up business and must address the entire business concept including implementation. Proposals for buy-out, expansion, or development of an existing business injecting into new business entity are welcome. However, tax-shelter opportunities, real estate syndications, subsidiaries, franchisee and other consulting projects or analyses are NOT eligible. [ A venture which does not conform to this rule will be DISQUALIFIED.]
2. The minimum project size must be 500,000 US Dollars**. Methods of financing may be combined among self equity, venture capital and borrowing. [A venture which does not conform to this rule will have 10 marks deducted from the total score (100 marks).]
3. In all cases the judges’ decision is final.

** For Thai participants, please use the fixed exchange rate of 40 Baht/ US$1.

II. Eligibility for Entry

1. Team Members
   • All full-time and part-time graduate students in business administration programs (enrolled in 2005 – 2006) are eligible to participate.
2. Team Composition
   • Each graduate program may send ONE team consisting of a minimum of THREE members and a maximum of FIVE members.
   • At least THREE members of a team must be from the same graduate business administration program. The team may also include ONE member who is not affiliated with its graduate program.
   • The mai Bangkok Business Challenge^® @ Sasin 2007 organizing committee encourages teams to identify individuals, external to their programs to be part of theBoard of Directors, management team or to be advisors who may contribute additional expertise and experience to help the team succeed.

III. Summary Business Plan

1. The submitted summary business plan should be an Executive Summary and must not exceed 1,000 words.
2. The Qualifying Round Summary Business Plan must include the following:
   • Venture name and nature of its business
   • Purpose of this particular business plan
   • Description of the new product/service and its benefits
   • Potential market for the new product/service and chosen strategy to access this market
   • Qualifications and experience of the management team
   • Summary of sales and profit projections, and other pertinent financial data, including (but not limited to) the venture’s Net Present Value. If necessary, tables are welcome and may not be counted with the 1,000 words limit.
   • Very specific statements of what the team is asking from the venture capitalists and what the team will offer to the venture capitalists in return for their investment
3. The summary business plan must be typed, double-spaced, and use size 12 font.
4. Two (2) marks will be deducted from the total score (100 marks) for each violation of each of the rules above.

IV. Written Business Plan

1. The business plan and appendices must not exceed 45 pages (including cover page, executive summary, appendices, spreadsheets, illustrations, page breaks, etc.).
2. The main portion of the written business plan must not exceed twenty-five (25) double-spaced pages of text and graphics (excluding cover page, executive summary, contents page, and appendices). Detailed spreadsheets and other supporting data/documents should be in the appendices.
3. The written business plan must be typed, double-spaced, and use size 12 font.
4. Two (2) marks will be deducted from the total score (100 marks) for each violation of each of the rules above.

V. Presentation

1. Formal presentation is required by every team in the First, Play-off and Final Rounds.
2. Every member of the team must participate in the formal oral presentation of the plan.
3. Presentation formats: each team is required to make a twenty-minute presentation, followed by a fifteen-minutequestion-and-answer session with the judges
4. There will be approximately 5 minutes between each team’s presentations for setting-up computers and audio-visual equipment.
5. A team that has finished its presentation may observe both the presentation and question-and-answer session of the teams that come after it. Teams that have not given their presentations may observe only the presentation segments of teams before them and must exit the room at the beginning of the question-and-answer sessions.
6. TIME LIMITS WILL BE STRICTLY ENFORCED .

VI. Venture Exhibit

1. A Venture Exhibit is required of every team in the First, Play-off and Final Rounds (see Appendix C and D, Part II).
2. Teams will present their business ideas, products and proposed venture and answer questions to judges, guests, and interested individuals at the Venture Exhibit.
3. At least one team member will be required to stay by the display, as will be agreed and scheduled with the team, to answer any questions.
4. There will also be a prize of ‘Best Venture Exhibit’ to be rewarded to the team with the best business display concept. This category will be evaluated and selected by the other qualifying teams.

VII. Judging Criteria

1. Qualifying Round
2. First Round
3. Play-off Round
4. Final Round

The judging criteria will be heavily weighted on the commercial potential of the business and the credibility of the projections and assumptions. Little focus will be given to new invention of products. Judges look favorably upon high potential, growth-oriented business catering to relatively large markets. Teams should refer to the Business Plan Guide before writing the business plan. Qualifying Round evaluation will be 100% based on Summary Business Plan, while the other Rounds will be based on:

After applying a general observation system to eliminate exaggerated deviation of certain judges, the result of each presentation round will be determined by the sum of judges’ ranking. Should the sums be equal, average raw scores will be used to determine the winner.

The judges’ decisions are deemed as final in all cases.

1. Qualifying Round : Before 12.00 hrs. (Bangkok Time), Friday, January 5, 2007, a Summary Business Plan is required to be submitted.

   A single panel of judges will go through all Summary Business Plans to qualify the 16 teams for their participation in Bangkok. The announcement will be made on Thursday, February 1, 2007.

2. First Round : Morning session of Friday, March 2, 2007.

   Four teams with better ranks from the Qualifying Round, with no announcement, will be randomly separated into four different groups ( A, B, C and D). Then, all the other teams will be randomly placed to make four teams for each group. The best team from each group will immediately proceed to the Final Round.

3. Play-off Round : Morning session of Saturday, March 3, 2007.

   With theoretical possibility that some teams may fail to gain popularity from certain panels of judges, the other 12 teams will be offered a second chance with totally different judges. Teams from Groups A and B will combine into a group of six to compete for a seat in the Final Round. Similar parallel arrangement for Groups C and D will also send a team to join the Final Round.

4. Final Round : Afternoon session of Saturday, March 3, 2007.

   Two teams from the Play-off Round will join the four teams from the First Round for a randomly sequence of teams’ presentations to reach the Awards.