business

DARTMOUTH
ENERGY or MEDICAL TECHNOLOGY
BUSINESS PLAN COMPETITION

Competition Rules

I. Purpose

To promote collaborative thinking, technological innovation, and entrepreneurial creativity among Dartmouth College, Tuck School of Business, Thayer School of Engineering, Dartmouth Medical School, The Dartmouth Institute (TDI) and other Dartmouth Graduate Studies Programs in areas of energy and medicine.

II. Participation

This competition is open to any startup team or company led by a collaborative team of two co-leaders, each of whom must be students at a different school at Dartmouth, including Dartmouth College, Dartmouth Graduate Studies in the Arts and Sciences outside of engineering, Thayer School of Engineering, Tuck School of Business, Dartmouth Medical School, and TDI. Each team or company must identify an advisor and a primary contact for the competition. Non-profit business models are encouraged and will be judged equally.

III. Categories

  1. Energy Technology: involves the use of a technology and accompanying business model that includes one or more of the following:
    1. Renewable energy
    2. Energy efficiency
    3. Conventional energy
    4. Management of energy externalities (e.g. carbon pollutants, lost assets, nuclear waste, mountaintop removal, etc.)
  2. Medical Technology: involves the use of a technology and accompanying business model that addresses one or more of the following challenges:
    1. Therapeutic or interventional medicine
    2. Healthcare delivery costs
    3. Improving healthcare outcomes
    4. Improving patient or physician experience

IV. Incentives

  1. Cash prize of $2500 each for Medical and Energy Technology
    1. There will be one proposal winner and one honorable mention in both the energy and medical technology categories.
    2. The cash prize will be given to the team members to divide and use as they deem appropriate.
  2. Opportunity to develop and present a collaborative technological innovation and business plan to a group of experienced professionals and gain valuable feedback and advice.
  3. Audience with relevant faculty and administrators from the College, Thayer, Tuck, DMS, and TDI to help with the development of the technology and business proposal and provide resources and guidance.
  4. Audience with other prospective entrepreneurs, investors, and venture capitalists

V. Criteria

  1. All submissions should cover the background and development of the technology, and the timeline, market, financials, and value proposition of the project
    1. Preliminary (paper) submission: one page executive summary
    2. Final competition: Selected finalists may submit a revised one page executive summary and a copy of their oral presentation
  2. Final competition. In addition to selecting a winner and an honorable mention in each competition category, the purpose of this session is to educate both teams and audience members on the factors that judges look to in order to come to their decision.
    1. Each team will give a 15 minute presentation to a panel of judges (including venture capitalists and angel investors). The panel will then have 15 minutes to ask questions and provide on-the-spot feedback and reactions
    2. Deliberation by the judges will take place before an audience. Teams are invited to sit in on this session but may not participate in any conversation with the judges at that time.
  3. Each team will be evaluated on the basis of:
    1. Societal and environmental contribution
    2. Proof of technology viability and ability to defend via patents or other models.
    3. Economic value of business plan
      1. Significant exit potential (merge, acquisition, IPO)
      2. A realistic, addressable market for the technology that is large and growing
      3. Knowledge of competitors in the target market
      4. Solid, innovative breakthrough product
      5. Sustainable business model to efficiently scale to size and exploit a competitive advantage
      6. Realistic deal that includes pre-money valuation acceptable to investors and builds enough value for future rounds of financing.
  4. Submission of materials implies permission for competition organizers to use the materials each team or company submits for educational purposes.
    1. Any material formally presented constitutes a public disclosure
    2. Informal advising provided in the context of the competition regarding intellectual property should not be construed as qualified legal advice
    3. Those with specific intellectual property concerns or questions are encouraged to seek qualified legal advice

VI. Timeline

  1. Fall 2010 and Winter 2011: idea generation and team formation
  2. April 15, 2011: Preliminary submissions due
  3. April 22, 2011: Preliminary (paper) competition
  4. May 20, 2011: Final (with judging panel) competition, announcement of winners