Congratulations to all the Finalists for Business Idea Competition. Below, are details, in preparation for PHASE II of the competition.
| Finalist Topic and Name |
Category |
Presentation |
| Sport 365 (Chandra Sekhar) |
Professional |
In Person |
| Curbside Care (Scott Ames) |
Professional |
In Person |
| Houserie (Nitin Shingate) |
Professional |
In Person |
| Silage (Rajnikanth Errabelly) |
Professional |
In Person |
| Rean (Sri Vasireddy) |
Professional |
In Person |
| Smart Education (Pavan Gunna) |
Professional |
In Person |
| Prayas Analytics (Yash Kotari) |
Student - Wharton |
In Person |
| ThinkIT (Alekhya Gampa) |
Student -Carnegie Mellon |
In Person |
| Intellicoach (Vikas and Vaibhav Vavilala) |
Student -Columbia |
In person |
| EmergenCell (Mounica Allani) |
Student - UMD |
In Person |
| Chizel (Ashwin Nandapurkar) |
Student -IIT Hyderabad |
Skype |
| Teacher Terminal (Jay Parekh) |
Student - Wharton and Michigan |
Video |
TIME & Date: Presentations are scheduled for July 5th, between 2:00 PM and 5:30 PM. Finalists are required to be at Presentation Hall by NLT 1:30 PM On Saturday, July 5th.
Location: Pennsylvania Convention Center, Room B 201, Philadelphia, PA
Presentation Format:
- Each Presenter (or Team) Will be given NO More than 10 Minutes for your presentation.
- You can chose to “Pitch your Idea” with or without power point slides (We will provide Projector & Computer)
- You can chose a team to present
- Please bring your FINAL Presentation on USB on July 5th . If you chose to, please send it via email to business@ataconference.org by NLT 6:00 PM on July 4th.
- Presentation should cover the same topics as in PHASE I – Proposed Product/Service and Market Opportunity, Revenue Model and Financial Projections and Execution Plan.
- Judges will have Q&A session if panelists want to elicit any missing info or to get clarity.
Logistics: To co-ordinate your entry to Convention Center for presentations, Please Let us know if you are registered and attending ATA conference with your family/friends. (OR) if you need “Temporary Pass” to attend the Presentation.
This Temporary pass will only allow you to convention center between 1:30 and 5:30 PM on July 5th and will allow you to attend only the Business Idea Competition in Room B201. If you need “Temporary Pass”, Please send me your details (Full Name, Contact Information – Email, Address and Phone Number) as soon as possible and NLT Tuesday, July 2nd Noon. Please keep in mind that ATA Conference requires everyone to register to Enter the convention center. If your friends/family members planning to attend the presentation along with you, Please make sure that they registered for ATA Conference (1 day pass is available online – www.ataconference.org )
Final Results: After the presentations completed and based on judges final scores, We will announce Prizes on July 5th between 5:15 PM and 5:30 PM.
Presentation Guidance: If you need pointers in preparation of presentation or general guidance as far as presentation, Mr. Sudhakar Garlanka graciously agreed to provide his assistance and his experience. Please reach out to Mr. Sudhakar Garlanka at 703 626 7073 or via email sgarlanka@allwyncorp.com
ATA Business Committee is excited to present “Business Idea Competition” at the 13th ATA Conference & Youth Convention. The competition aims to utilize the experience and knowledge of successful entrepreneurs to promote innovative ideas of the youth. The competition will provide an excellent platform for young
entrepreneurs, small and medium business owners, and recent graduates to interact with potential investors, venture capitalists and experienced professionals in fields such as IT, medicine, science, finance, and education. The competition will be held on 5th Jul, 2014 at the Pennsylvania Convention Center, Philadelphia, PA. The deadline to apply for the competition is June 20th, 2014- 6:00 PM EST.
There are no restrictions on eligibility and no entry fee. Participants are allowed to work in teams or individually. Every individual or team is allowed to submit one idea which must be their original work. The competition will be held in two rounds, the first of which will be the application round. 8-12 ideas will be selected from the application round to move on to the presentation round. The details for each round and eligibility requirements are provided below.
Details :
Deadline to apply: June 20th, 2014 6:00 PM EST (Max: 5 Pages) via email business@ataconference.org
Finalists Selection: July 3, 2014
Finalists Presentation to Venture Capitalists
July 5th, 2014
Time:1:30 PM to 5:00 PM
Pennsylvania Convention Center
Philadelphia, PA
Time:1:30 PM to 5:00 PM
Application Round
- Interested individuals or teams should submit their Business Overview in the provided template in any field.
- The Business Overview cannot exceed 5 pages single space in length, including any graphs or charts
- Use one inch margins and 12 point font
- Summaries should be in the provided Word Template format
- Eight to Ten individuals or teams (Mix includes Full Time Student Participants as well) will be selected from the application round to move onto the presentation round
- Template is provided
Presentation Round
- Individuals and teams selected to advance to the presentation round will be responsible for the following:
- A power point slide deck or Video (Optional). The is no limit on the number of power point slide allowed
- A 10 minute presentation of their business idea
- A 10 minute question and answer session
Prizes
There are cash prices for student participants as well as other participants, the details of which are provided below. All finalists are also provided the opportunity to pitch their ideas to Venture Capitalists for potential Investment and/or potential internships.
Cash Prizes
- Student Participants - First Prize - $1500, Second Prize - $1000, Third Prize - $500
- Others - First Prize - $2000, Second Prize - $1500, Third Prize - $1000
Judges & Venture Capitalists
The evaluation panel will include distinguished entrepreneurs and industry leaders along with successful venture capitalists.
- Raju Reddy, Hitachi Consulting
- AceInfo Ventures
- Allwyn Ventures
- Zolon Ventures
- Sashi Reddy, SRI Capital
- Dayakar Puskoor, Naya Ventures
- Bhaskar Krishnamshetty and Kishore Kumar Nakka, NS Ventures
- Professors from: Wharton/GeorgeTown/Drexel/Duke
Business Overview Template
ATA Business Committee is providing participants the following template for ease of proposing their business idea. Please include the below topics in the five page business overview.
Proposed Product/Service
- Describe the value proposition and features.
Target Market
- What market needs does the product/service address?
- Who is the target customer?
- What is the estimated size and value of market (current and projected)?
Competitive Landscape
- Provide an overview of the competitive landscape.
- Describe the intellectual property associated with the business.
- What are your competitive strengths?
- Describe your competitors' strengths and weaknesses.
- What are the barriers to entry?
Plan for Execution
- What is the current status of the business (i.e. proof of concept, design, prototype, etc.)?
- What amount of seed funding is required and how will funds be used?
- Provide 3-year financial projections.
- Outline milestones for the next 6-12 months.
- Provide background information on the founding team.
Risk Analysis
- Describe any risks/challenges inherent in the proposed plan.
- How do you intend to mitigate these risks and meet these challenges?
Revenue Model
- How does the company plan to generate revenue?
JUDGING CRITERIA
The business ideas will be evaluated using the following evaluation criteria.
Weightage
- Proposed Product/Service and Market Opportunity: 33%
- Revenue Model and Financial Projections: 33%
- Execution Plan: 33%
Proposed Product/Service and Market Opportunity (Weight: 33%)
- Is the value proposition sound?
- How original, innovative & thoughtful is the proposed product/service?
- Is the value proposition articulated clearly &evaluated comprehensively?
- Does the overview adequately describe the business' intellectual property?
- Does the overview clearly identify a target market?
- Does the overview identify other key market participants (competitors, potential partners, suppliers)?
- Is the target market sufficiently large?
- Does the business have any competitive advantage(s) over existing solutions?
Revenue Model and Financial Projections (Weight: 33%)
- Do the financial projections reflect an understanding of the economics and potential growth opportunities or downside risks for the business?
- Are the financial projections comprehensive and realistic?
- Is the revenue generation plan logical and comprehensive?
Execution Plan (Weight: 33%)
Please comment on the feasibility and completeness of the execution plan.
- Is the business operationally feasible?
- Does the submission clearly outline measurable, achievable milestones?
- Is the capital requested sufficient to achieve the milestones it is meant to help the business achieve?
- Do the founding team members have sufficient expertise to launch the business?
- Does the plan address any needs for additional key people and strategies to attract these individuals?
- Does the overview identify the major relevant risks?
- Does the overview address the risks appropriately and/or provide contingency plans?
- Is the overview structurally logical?