Rules & Regulations
- The competition seeks plans for your Internet, software, or technology business.
- The winning team(s) will receive an investment to support start-up and operations of business. The expected total investment to be distributed between the winners in the yearly competition is $250,000. The first place team will receive at least $100,000.
- The basic terms of the investment are an equity position for the investors and IU based on the investment amount:
- $100,000 - 15% investors, 5% IU
- $50,000 - 7.5% investors, 2.5% IU
- The competition is open to current full-time IU Bloomington seniors and graduate students.
- Undergraduates must normally have senior class standing, and certify that they are on track to graduate no later than August 2014. Undergraduates with less than senior standing must be approved by their academic program’s undergraduate associate dean for entry into the competition. The certification of degree completion status will be verified by the appropriate school. Graduate students at any level may enter.
- All entrants must be in good standing, and not be on academic probation or dismissed at the time of initial entry of the competition.
- Teams are not limited in size, but for the presentation rounds no more than two students may participate in the presentation.
- Initial entries, and detailed business plans for later rounds, will not be disclosed.
- Information presented in a public forum cannot be held confidential.
- Finalists will provide a one-page summary of their business plan to be posted on the competition website after the conclusion of the competition.
- Questions during the final presentations may only be asked by the judges.
Entrants must release to the competition organizers the rights to publish the names, photographs, and summaries of entries.