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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 http://www.bbc.in.th/register/ by 12.00 hrs. (Bangkok time) on Monday, December 17, 2007 B. Qualifying Round Each team is required to submit a Summary Business Plan at http://www.bbc.in.th by 12.00 hrs. (Bangkok time) on Monday, December 17, 2007. Late submission will not be accepted. The 16 Qualifying teams will proceed to the First Round.
C. Kiatnakin Bank 99-Second Pitch: Thursday, February 28, 2008 (11.00 – 12.00 hrs.) A “teaser” event held during the welcoming event on Thursday, February 28, 2008. One representative from each team will present its new venture idea in front of a panel of judges in 99 seconds or less. No visual aids or props of any kind are allowed. Winner will be announced at the event. 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, February 29, 2008 (Morning session) - Fifteen (15) hard copies and one (1) soft file of the full Written Business Plan are due at the mai Bangkok Business Challenge® @ Sasin 2008 office by 12.00 hrs. (Bangkok time) on Friday, February 8, 2008. Late submissions will not be accepted.
- The 16 qualifying teams will be randomly selected to compete in one of the four groups, after which the winning team from each group will immediately proceed to the Final Round (whilst the 12 remaining teams will compete in the Play-off Round for an additional opportunity to qualify for the Final Round).
- Teams that qualify for the First Round are required to present their business plans to a panel of judges.
- Teams also receive oral & written feedbacks from the panel of judges.
- The 12 teams that have not immediately proceeded to the Final Round will be randomly selected to compete in one of the two groups of the Play-off Round. The winning team from each group will proceed to the Final Round.
- Teams competing in the Play-off Round are required to present their business plans to a panel of judges.
- Teams also receive written feedback from the panel of judges.
F. Final Round: Saturday, March 1, 2008 (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.
OFFICIAL RULES & REGULATIONS
Teams that do not conform to all the stated rules & regulations will be penalized. I. General Rules & Regulations - 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 welcomed. However, tax-shelter opportunities, real estate syndications, subsidiaries, franchisee and other consulting projects or analyses are NOT eligible. A venture that 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 that does not conform to this rule will have 10 marks deducted from the total score of 100 marks.
- In all cases, the judges’ decision is final.
II. Eligibility for Entry - Team Members
- All full-time and part-time graduate students in business administration programs (enrolled in the 2006/2007 academic year) are eligible to participate.
- 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 2008 organizing committee encourages teams to identify individuals, external to their programs to be part of the Board 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 in the style of an Executive Summary and must not exceed 1,000 words. | | 2. | The Qualifying Round Summary Business Plan must include the following: | | | | a. | a. Venture name and nature of its business | | b. | Purpose of this particular business plan | | c. | Description of the new product/service and its benefits | | d. | Potential market for the new product/service and chosen strategy to access this market | | e. | Qualifications and experience of the management team | | f. | 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 and charts are welcome and need not be counted towards the 1,000 words limit. | | g. | 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. | All currencies must be stated in US dollar. | | 5. | Two (2) marks will be deducted from the total score of 100 marks for each violation of each of the rules above. |
IV. Written Business Plan - The business plan and appendices must not exceed 45 pages (including cover page, executive summary, appendices, spreadsheets, illustrations, page breaks, etc.).
- 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.
- The written business plan must be typed, double-spaced, and use size 12 font.
- All currencies must be stated in US dollar.
- Two (2) marks will be deducted from the total score of 100 marks for each violation of each of the rules above.
V. Presentation - Formal presentation is required by every team in the First, Play-off and Final Rounds.
- Every member of the team must participate in the formal oral presentation of the plan. A team which does not conform to this rule will have 10 marks deducted from the total score of 100 marks.
- Presentation format for the First Round: each team is required to make a fifteen-minute presentation, followed by a twenty-minute question-and-answer session with the judges.
- Presentation format for the Play-off Round: each team is required to make a fifteen-minute presentation, followed by a fifteen-minute question-and-answer session with the judges.
- Presentation format for the Final Round: each team is required to make a ten-minute presentation, followed by a twenty-minute question-and-answer session with the judges.
- There will be approximately 5 minutes between each team’s presentations for setting-up computers and audio-visual equipment.
- 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.
- TIME LIMITS WILL BE STRICTLY ENFORCED .
VI. Venture Exhibit - A Venture Exhibit is required of every team in the First, Play-off and Final Rounds (see Appendix C and D, Part II).
- Teams will present their business ideas, products and proposed venture and answer questions to judges, guests, and interested individuals at the Venture Exhibit.
- At least one team member will be required to stay by their display, as will be agreed and scheduled with the team, to answer any questions.
- The prize of ‘Best Venture Exhibit’ will be awarded to the team with the best business display concept. This category will be evaluated and selected by the other qualifying teams.
VII. Judging Criteria a. Qualifying Round
b. First Round
c. Play-off Round
d. Final Round
The judging criteria will be heavily weighted on the commercial potential of the business and the credibility of the projections and assumptions. Whilst new-to-the-world products or inventions are not necessary, teams should clearly demonstrate their product’s or service’s competitive advantage that may include intellectual property protection issues. 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: | First and Play-off Rounds
(Appendix C) | Final Round
(Appendix D) | Business Viability | - | 60% | Written Business Plan | 60% | - | Presentation & Venture Exhibit | 40% | 40% |
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. Qualifying Round: Before 12.00 hrs. (Bangkok Time), Monday, December 17, 2007, a Summary Business Plan is required to be submitted. A single panel of judges will scrutinize all Summary Business Plans to qualify the 16 teams for their participation in Bangkok. The qualified teams will be individually notified on January 8, 2008. Such teams must submit their Intention of Participation within January 10, 2008. Should any of the 16 qualified teams relinquish their right to participate further in the competition, the organizer reserves the right to invite the next best qualifying round team(s) to fill up the vacancy. A public announcement and draw of the 16 First Round teams will be made on January 23, 2008. If, after this public announcement and draw, any of the 16 First Round teams relinquish their right to participate further in the competition, the organizer reserves the right to invite the next best qualifying round team(s) to fill up the vacancy and give such teams until February 15, 2008 or at least 7 days from the time such teams are notified to submit their Written Business Plan.
First Round: Morning session of Friday, February 29, 2008. Four best-ranking teams from the Qualifying Round, with no announcement, will be randomly separated into four different groups (A, B, C and D). Thereafter, all remaining teams will be randomly placed to make four teams for each group. The winner of each group will immediately proceed to the Final Round.
- Play-off Round: Morning session of Saturday, March 1, 2008.
With theoretical possibility that some teams may fail to gain popularity from certain panels of judges, the other 12 non-winners of the First Round will be offered a second chance with totally different judges. Teams from First Round’s Groups A and B will combine into a group of six to compete for a seat in the Final Round. Similar parallel arrangement for First Round’s Groups C and D will also send a team to join the Final Round.
- Final Round: Afternoon session of Saturday, March 1, 2008.
Two Play-off Round winners will join the four First Round winners for a random sequence of teams’ presentations to reach the Awards.
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