NOVATech Competition
Intel Berkeley Technology Entrepreneurship Challenge in
Central and Eastern Europe
Training Program PART I INTRODUCTION
Presentation of the NOVATECH competition initiative
Presentation of the BG and International partners involved
Goals and objectives of the Novatech competition
Training Program PART IICOMPETITION
Rules of the competition Calendar Application procedure
Training Program PART IIIBUSINESS PLAN TRAINING
Business planning fundamentals Guidelines
Executive summary Business plan Financial analysis Presentation to the venture capitalist
Examples Discussion
PART I
INTRODUCTION
NOVATECH competition initiative NOVATECH Com is part of the IBTEC
competition, organized by INTEL in cooperation with University of California, Berkeley
http://www.entrepreneurshipchallenge.org
http://www.ibtec.org
GOALS AND OBJECTIVES Foster technology based entrepreneurship
in the region Present innovative ideas to potential
venture capitalists Provide training and support the authors of
technology innovative ideas Provide the opportunity to win the prize of
USD 10 000 or USD 20 000 and to present on the global competition in Berkeley
PARTNERS BG partners
BIMP Sofia University ICT Cluster
International partners ROMANIA: Institutul National pentru IMM HUNGARY: Hungarian Association for
Innovation CZECH REPUBLIC: First Innovation Park POLAND: Komtel GREECE: South Eastern European Development
Centre, University of Thessaly
PARTNERSMedia partners in Bulgaria IDG Bulgaria - ComputerWorld weekly Economedia - Capital weekly, Dnevnik
online, Karieri.bg Dir.bg HiTec weekly broadcast at NovaTV
national broadcast
SPONSORS Intel Higher Education Program
University of California – Berkeley, Haas School of Business
Intel Berkeley Technology Entrepreneurship Challenge
PART II
COMPETITION
Rules
business opportunities with the greatest potential for a positive impact on society through the commercialization of new and innovative technologies
Prizes The winning teams of the semifinal screening
based on electronic submission of 2-3-page executive summary will be invited to participate at the semifinals in Sofia, October 6, 2006 with all expenses covered.
Each participating country will have two selected teams at the semifinals in Sofia.
First prize USD20,000 Second prize: USD10,000.
Big Prize The first and second winners will be given
the opportunity with all their expenses covered, to compete on the world finals:
Intel®+UC Berkeley Technology Entrepreneurship Challenge at Berkeley
University, California, USA
Benefits All participants will benefit from:
the education and training provided during the application process
introductions to potential investors publicity feedback from industry experts that will occur at
the Competition
Eligible sectors Semiconductors, Manufacturing, and Hardware Mobile and Wireless Digital Home and Consumer Electronics Retail and Consumer Software Enterprise Software and IT Energy and Power Generation Nanotechnology
* While the scope of technology innovation is not restricted tothe above, plans without a strong technology focus may notbe chosen to compete.
Eligible teams1. Teams are typically of 3-4 people
2. Nationality of any of the following countries: Bulgaria, Czech Republic, Greece, Hungary, Poland, Romania, Turkey
3. At least one team member currently pursuing undergraduate, graduate or PhD degree (the rest of could be: faculty members, entrepreneurs, businessmen)
4. Company to be established in one of the participating countries
Jury Jury members are notable venture
capitalists and other industry and entrepreneurship experts.
Jury is selected based on the following criteria:• Relevant professional experience (business, consulting and entrepreneurial)• Field of expertise (investors, entrepreneurs, lawyers)• Geographical location
Judging criteria• General: Innovation, uniqueness, feasibility,
strategy, experience, competitive advantage and business model
• Market: Market size, growth, share, competition, and clients
• Products/Services• Financials and funding requirements
Confidentiality The authors of the business plan will retain
all rights to the plan regarding its use at all times prior to and following the competition.
All judges and administrative staff will agree on non-disclosure of materials submitted by competition participants.
All materials will be destroyed after competition is completed, unless specific agreement is granted.
Calendar 14 August deadline for e-round: submission of
executive summaries 14 July - 16 Aug feedback and consultation
on submitted executive summaries 21 August announcement of e-round winners
and invite semi-finalists to Sofia (two teams of each participating country)
21 September deadline for full business plans submission
6 October semifinal in Sofia with presentations, announce winners and invite to USA
24 October world final – 2 teams go to Berkeley, California
Application procedure Executive summaries round – August 14, 2006 The jury will evaluate and select two teams from each
participating country and invite them to semifinals in Sofia, October 6, 2006 with all costs for travel and accommodation covered.
Semifinal round - September 21, 2006
Competition in Sofia - October 6, 2006 Teams will make powerpoint presentations in front of jury,
guests and open audience.
Jury will pick the two winning teams which will receive USD20,000USD20,000 and USD10,000USD10,000 respectively and will be invited to the finals in Berkeley, USA, with all travel and accommodation costs covered.
Application procedure SEND UP TO 14 August TO:
1. COUNTRY_PROJECTNAME_application.doc/pdf2. COUNTRY_PROJECTNAME_CVs .doc/pdf 3. COUNTRY_PROJECTNAME_summary.doc/pdf
1. APPLICATION FORM* PROJECT NAME COUNTRY (of origin or of residence for more than 2 years) TEAM MEMBER PROFILE
STUDENT □ FACULTY □ Other: NAME E-MAIL ADDRESS EDUCATION (institution, degree, major) OCCUPATION (company/institution, position) WORK EXPERIENCE (if any: company/institution, position,
years) SKILLS: TECHNICAL SKILLS: LANGUAGES OTHER
* To be filled for each key team member
2. CVs of the team members
NAME EDUCATION OCCUPATION WORK EXPERIENCE SKILLS TECHNICAL SKILLS LANGUAGES OTHER
3. EXECUTIVE SUMMARY * Project title Summary: technology innovation, idea,
objectives Market opportunity: market size
(approximate or calculated, expected), market niche, target group, competitors, barriers to entry
Product: description, development
* The suggested template is only optional and recommended rather than required. It is key to follow the logic of your ideas.
3. EXECUTIVE SUMMARY – cont Sales and marketing strategy Team: overview of key members Business model: financial highlights,
summary of projected income, revenue, profit for 5 years
Funding: strategy, required amount, rate of return
Exit strategy: if any
* The suggested template is only optional and recommended rather than required. It is key to follow the logic of your ideas.
PART III
BUSINESS PLAN TRAINING
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