VtSBDC Student Business/Entrepreneurship 2022 Competitions
14th Annual Student Business/Entrepreneurship 2022 Competitions
1. Business Model Canvas (BMC) Plans
2. Business Video Pitch Plans
Hosted by: VtSBDC/VT REAL/VBEC
REQUIREMENTS, TIMELINES/SUBMISSIONS, EXPECTATIONS, FORMATS & RUBRICS
Open to all Vermont High School & Career-Tech Center Students – Cash Prizes for Top Entries
SCHOOL REQUIREMENTS:
Schools may submit up to four Business Model Canvas (BMC) Plans and four Business Video Pitches. If a school would like to submit additional plans/pitches- reach out to Laurel Butler to see if it is possible.
Laurel Butler: lbutler@vtsbdc.org (802) 922-3692
Business Advisor - Startup and Student Entrepreneur Specialist, VT Small Business Development Center (VtSBDC)
TIMELINES/WHAT & HOW TO SUBMIT:
February 9 - May 2, 2022 Competitions are Open
Students prepare a Business Model Canvas (BMC) plan or Business Video Pitch of a product(s) and/or service(s) using the attached Explanations and Rubrics as guidelines. Students may compete in only one of the options (either BMC or video).
Business plans – in the Business Model Canvas format (up to two pages) plus an Executive Summary (up to two pages)
Business Video Pitches (MP4 or YouTube format) – five minutes – plus a written Executive summary (up to two pages)
May 2nd: Submission Deadline
- Submit all material here: (USE THIS LINK TO SUBMIT) 3:00 p.m. Note: Documents not submitted on time or not in the correct format will have points deducted or may be excluded from the competition.
May 3rd - May 13th: first and second rounds of judging.
Week of May 16th: Announcement of 1st, 2nd, 3rd and potential honorable mention placements.
COMPETITION EXPECTATIONS:
Students may participate as individuals or in teams of two to four students. Students may compete in only one competition: either the BMC or the Video Pitch.
The idea/concept for products and/or services may be of the students/teams own choice.
The BMC/pitch must be feasible for students in the present time or near future. In developing the BMC or Video Pitch students should consider:
Creativity: Is this a “new idea” – either “new-to-world” or a new concept for the area, or a new application of an old concept? Does it add value or fill a void?
Social Purpose - Social Responsibility: What benefits do the community and/or society gain from this enterprise? Does it directly address a societal problem? Does it contribute in some way? I.e. operating in an environmentally sound way, being “Green”? Does it contribute to a charitable organization; purchasing from fair trade/fair labor practices/minority suppliers? Addressing: the triple bottom line - People/Planet/Profit
Likelihood of Success of the Enterprise - is it feasible? For example: the business requires a $5,000 investment and the expectation is that a local lender/bank will finance the high school student or team with this level of start-up funding; there is a need for the product/service and it is solving a problem in the marketplace.
Quality of Presentations: See Business Video Pitch and Business Model Canvas Rubrics