BECU FinTech Incubator Competition
To be eligible for the competition applicants must have completed or be in the process of incorporating as a business.
* Do not include proprietary information in this application.
Your Information
First name and last name *
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Email *
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Phone number *
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Skype ID
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Company Information
Company name *
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Company's website
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Project Summary:
Intellectual Merit: Address the intellectual merits of the proposed activity. Briefly describe the technical hurdle(s) that will be addressed by the proposed R&D (which should be crucial to successful commercialization of the innovation), the goals of the proposed R&D, and a high-level summary of the plan to reach those goals. Broader/Commercial Impact: In this field, discuss the expected outcomes in terms of how the proposed project will bring the innovation closer to commercialization under a sustainable business model. In this box, also describe the potential commercial and market impacts that such a commercialization effort would have, if successful. As appropriate, also discuss potential broader societal impacts of the innovation (e.g. educational, environmental, scientific, societal, or other impacts on the nation and the world).
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Elevator Pitch *
The Customer. Describe the expected customer for the innovation. What customer needs or market pain points are you addressing? The Value Proposition. What are the benefits to the customer of your proposed innovation? What is the key differentiator of your company or technology? What is the potential societal value of your innovation? The Innovation: Succinctly describe your innovation. What aspects are original, unusual, novel, disruptive, or transformative compared to the current state of the art?
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The Commercial Opportunity *
Is there a broader societal need you are trying to address with this commercial opportunity? Describe the market and addressable market for the innovation. Discuss the business economics and market drivers in the target industry. How has the market opportunity been validated? Describe your customers and your basic business model. Describe your plan and expected timeline to secure these resources.
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The Innovation *
Briefly describe the innovation. At what stage of technical development is the innovation? Describe the key technical challenges and risks in bringing the innovation to market. Describe the status of the intellectual property associated with this project and how you plan to protect it.
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The Team
The Company/Team *
Describe the company founders or key participants. What level of effort will these persons devote to the startup? How does the background and experience of the team enhance the credibility of the effort; have they previously taken similar products/services to market?
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Vision *
Describe your vision for the company and the company's expected impact over the next five years.
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Operating Plan
Describe the revenue history, if any, for the past three years. Include government funding and private investment in this discussion.
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