Applications are due on May 23, 2013 by 5 p.m. in SMI 231. Submit 4 copies of your plan, spiral bound.
Competition Date is May 30, 2013 at 2 p.m. in MC 387.
Students are required to attend at least one session at the Presentation Practice Center before the competition. Sign up online at http://www.byui.edu/academic-support-centers/presentation-practice-center
At least 30 entries must be received or the competition may be canceled. Applicant(s) must be current BYU-Idaho student. Please refer to the instructions found on the College of Business and Communication website regarding the format of your written plan.
For individuals or teams:
1. Teams must be composed of those attending BYU-Idaho who are on-track students, full-time or part-time, and are pursuing degree programs at BYU-Idaho. Students of other universities are allowed to be team members, but the sum total of such students may not exceed 50% of the number of actively participating members of the team. Ideal teams will consist of 3-5 members. If a team is made up of BYU-Idaho student and some non-students then the money is issued to the BYU-Idaho students only.
2. A professional business advisor is not required in order to submit a plan. Nevertheless, they may work with students as long as the students write the plan.
3. Teams are recommended. However, an individual may submit a business plan.
4. The business plan must be the original work of at least one of the BYU-Idaho students, and not the work of a non-BYU-Idaho student.
5. No plan will be accepted for any idea that has already been developed, marketed (presented, solicited, offered, etc.) to an investor, and already received funding or a promise of funding.
Participants should be aware that neither administrators of the Business Plan/Model Competition or committee members will be required, nor should they be asked, to sign non-disclosure agreements. BYU-Idaho, instead, will ask all who view the business plans to abide by the University's Honor code. Participants are encouraged to be selective about what they disclose, to label plans and contents with the words "CONFIDENTIAL AND PROPRIETARY", and to seek legal counsel if they have any further questions regarding the legal protection of their ideas. The judges, experienced in the fields of venture capital, business management, and/or education, reserve and express their belief that ideas are only ideas until implemented. As a competitor, you are responsible to protect any information concerning your plan that you share with mentors, team members, and fellow participants or public observers of the business plan/model competition. The competition directors take no responsibility for unwanted disclosure in these instances. Participants should be careful about disclosing information concerning patentable concepts. Although a patent application can be filed in the U.S. up to one year after the first public disclosure of an invention, many foreign countries do not allow patent applications unless they are implemented before any sort of public disclosure.