Competition Format
The BCIC-New Ventures Competition takes place over four successive, and increasingly complex, rounds. Competitors are eliminated after each round until only 10 remain in play to win $300,000 in prize packages.
Round 1: The Idea
Participants register in the competition and describe their idea. Registration Deadline is April 18, 2011.
Round 2: Feasibility Test
Participants submit a five-page response to specific questions about their business idea. Judges will choose the 15 best ideas to advance to Round 3. An additional 25 competitors will be paired with a mentor to prepare a presentation before the jury. Ten will be selected to move on to Round 3.
Round 3: Condensed Venture Plan
Participants are paired with a mentor who helps them expand their idea into a condensed business plan—an eight-page response to specific questions. Ten competitors will advance to Round 4.
Round 4: Finale
Ten finalists will make oral presentations to the jury on Sept. 8 and 9, 2011. Judges will then select winners for each of six prize packages.
Read the submission requirements for the complete list of questions you will have to answer for each round.