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The Howard University Institute for Entrepreneurship, Leadership, and Innovation (ELI) will conduct its Annual Business Plan Competition for the 2009 - 2010 academic year from January 22, 2010 to March 26, 2010. Participants include all undergraduates and graduate students of Howard University.
ABOUT NAIC:
Founded in 1971, the National Association of Investment Companies (NAIC) is the industry association for private equity firms that are minority owned or that have as their primary investment strategy, to invest in underserved markets commonly known as the Emerging Domestic Market (EDM). NAIC member companies invest in privately held businesses that have a high probability of growth and the ability to generate significant returns for investors and shareholders. Today, NAIC is comprised of 67 member firms that manage more than $10 billion in capital and have invested in well over 20,000 ethnically diverse businesses. NAIC members cover the full spectrum of private equity investment activity including early stage venture, later stage venture, expansion, buyout, mezzanine, secondary fund investments and fund of funds.
OTHER PARTNERING ORGANIZATIONS:
Washington DC Small Business Development Center (DC SBDC) and The U.S. Small Business Administration (SBA)
NEED HELP WRITING YOUR BUSINESS PLAN?
The Washington, DC Small Business Development Center Network will be providing business plan consultation and review services to students.
Contact: Alisa Balwant, Business Counselor
2801 Georgia Ave., NW
Washington, DC 20059
(202) 319-1393
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KEY FORMS AND RESOURCES:
The ELI Institute has developed a comprehensive Business Plan Outline that contestants are recommended to use. Additionally, sample business plans are provided as a courtesy of Palo Alto Software, the makers of Business Plan Pro.
| Intent to Compete |
The Intent to Compete form must be completed and submitted in it's entirety no later than February 19, 2010. Please see below for a detailed timeline of competition events.
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| 2009-2010 ELI Institute Business Plan Outline |
The OFFICIAL ELI Institute Business Plan Outline. All workshops will utilize this format - it is recommended that students utilize the outline while constructing thier written plans.
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| Small Business Administration Business Plan Writing Guide |
One in a series of online training courses teaching entrepreneurs the fundamentals of starting and managing a business.
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Small Business Administration Startup Guide
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This small business guide is intended to serve as a roadmap for starting a business. It is both comprehensive and easy to use. It also includes numerous electronic links for additional information. Use this powerful interactive tool, with many supporting resources to help you start a successful business.
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Palo Alto Software: Sample Business Plans
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A gallery of 500+ business plans. Choose the category that is closest to your own business or industry, and find a plan you like. You can use it for reference in writing your own plan, or actually open it in Business Plan Pro software and edit it to match your business.
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BUSINESS PLAN COMPETITION SCHEDULE:
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February 19, 2010:
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Business Plan Intent Form DUE to ELI Office or E-Mail - download from ELI website and send to
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February 19, 2010:
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Business Plan Workshop (Location is School Of Business Aud. 2nd Floor)
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March 12, 2010:
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Business Plan’s to be submitted ELECTRONICALLY to
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March 19, 2010:
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Top 10 Business Plan Winners Announced
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April 2, 2010:
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Business Plan Presentation Workshop
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April 9, 2010:
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Top 10 Winners Present Business Plan to Judges
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April 21, 2010:
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Top 4 Winners of Business Plan announced at ELI’s “Building the Entrepreneurial Dream” Award Dinner (All Top 10 Contestants & 1 guest are invited)
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JUDGING CRITERIA: A panel of judges from the National Association of Investment Companies (NAIC) will review the submissions. All decisions of the judging panel are final. The judges are not required to provide feedback or assistance to the entrants either before or following the competition. The judging will be primarily based on the viability of the business idea, the probability of growth, the ability to generate significant returns for investors and shareholders, as presented in the business plan submissions. If it is a social entrepreneurship venture the judging will assess the (SROI) Social Return on Investment (The short and long term impact on society) in lieu of the significant returns for investors and shareholders.
CONTEST AWARDS: The top 4 winners will receive cash prizes. First place winner(s) will receive $10,000, Second place winner(s) will receive $6,500, Third place winner(s) will receive $3,000, and Award for Special Presentation of $500. |
