Ends on November 9, 2018

Thank you for participating in the CCBC Center for Business Innovation 2018-2019 Business Plan Competition. 

 
Below you will find:

  • Rules & Guidelines
  • Important Disclosures
  • Terms & Conditions
  • Submission Instructions


Please ensure you carefully read all sections before submitting your business plan.




         Business Plan Submission Rules & Guidelines



Have  an idea for a new product, service or business? Submit your business  plan to CCBC’s Center for Business Innovation 5th Annual Business Plan  Competition (BPC) and you could win up to $10,000 in seed money. A total  of $28,500 in seed money will be award to the top 6 winners. The  winners are also eligible to participate in the Center for Business  Innovation (CBI) incubation network that provides support in the areas  of marketing and sales, website development, technology, accounting,  human resources, management as well as access to investors and  creditors, which can be invaluable for any start-up. The competition is  designed to promote start-up ideas and economic development among CCBC  students and alumni with the support of faculty and local  entrepreneurs.

Here's how it works:

A  Screening Round is the initial review of plans by CCBC faculty in which  the top 12 business plans are selected to advance to the final round.

 The Center for Business Innovation will match the top 12 finalists with  mentors who can help prepare the finalists for the final round of the  competition.

The 12 finalists will make their business plan  presentations to a panel of judges. The judges will choose the top 6  winning participants.

What do the Top 6 Award Winners get?

A total of $28,500 that will be awarded to the top 6 finalists to help promote the business. Here is how the seed money is awarded:

First place winner receives up to $10,000;
Second place receives up to$7,500;
Third place winner receives up to $5,000;
Fourth place winner receives up to $300;
And two runner-ups will receive up to $1,500 each.

Plus, the Top 6 Award Winners get:

 Invitation to work with CBI’s incubation network in which a class of  students can help implement the business plan during the spring  semester. The winners will receive support in the areas of marketing and  sales, website development, technology, accounting, human resources,  management and will gain access to investors and creditors.

Scholarships to attend a 11-week course designed to help entrepreneurs launch and grow their businesses.

 Up to four one-hour coaching sessions with experts in the business  community on such topics as accounting, legal, marketing, insurance,  information technology, and project management.

Eligibility Requirements

To be eligible to participate in the Business Plan Competition, one of the following conditions must be met:

 Current or former CCBC students with at least 15 credit hours  successfully completed in any discipline within the last five years.

An alumnus of CCBC who has graduated with a credit degree or credit certificate.

A non-credit graduate of any of the certificate or apprenticeship programs offered by CCBC.

A student in the final year of a non-credit apprenticeship program offered by CCBC.

 Those who already have a business started may participate as long as  they meet one of the criteria above and have less than $100,000 in  revenue, no more than 2 full-time employees and haven’t been in business  more than 3 years.


All participants should thoroughly read all disclosures and terms & conditions before applying to the competition. 


Disclosures 


Community  College of Baltimore County (CCBC) Center for Business Innovation  reserves the right to use any material prepared for the Business Plan  Competition (BPC) in publicizing and promoting the event. CCBC may use  these materials in any electronic or printed format for the purpose of  marketing the Business Plan Competition or other activities of the CCBC  Center for Business Innovation. 


Changes to Competition Rules:  While not anticipated, these rules and prizes are subject to change at  the discretion of the CCBC’s Center for Business Innovation at any time.  The CCBC’s Center for Innovation staff has the right to interpret these  rules according to their own judgment.


Decisions regarding the  Competition and the winners: All decisions regarding the competition  rules, procedures, and processes are at the sole discretion of the  CCBC’s Center for Business Innovation. Changes and/or interpretations of  these rules may be made by the CCBC’s Center for Business Innovation at  any time, even though they may be (or may appear to be) in conflict  with some previously published or announced information. 


The  selection of the teams to compete and the decision of the winners are at  the sole discretion of the judges and the CCBC’s Center for Business  Innovation. Best efforts will be made to make decisions in accordance  with this Official Rules document.


The CCBC’s Center for Business  Innovation has the final decision on which teams are invited to compete  in the CCBC Business Plan Competition and reserves the right to include  or exclude any participant(s) for any reason.


Non‐confidentiality:   Any data or information discussed or divulged by entrants should be  considered information that could possibly enter the public realm, and  entrants should not assume any right of confidentiality in any data or  information discussed, divulged, or presented.


Due to the nature  of the competition, we are not able to ask judges, reviewers, staff, or  the audience to agree to or sign non‐disclosure statements. However, the  CCBC’s Center for Business Innovation, the organizer of the BPC, will  make every effort to limit distribution of business plans presented  at the competition. The CCBC’s Center for Business Innovation cannot  guarantee that other individuals will not obtain access to electronic or  hard copies of the business plan. Attendance by media personnel is  expected.


Copyrights & Permissions:  If a team uses copyrighted materials and/or images from a third‐party  in their submissions or presentations, they must obtain permission and  authorization in advance from the owners to use this material.


Information  presented by the participants competing is the sole responsibility of  the individual team members. Community College of Baltimore County,  including CCBC’s Center for Business Innovation and any of its  affiliates (collectively, “CCBC”), has not taken, and does not intend to  take, any steps to verify the adequacy, accuracy or completeness of any  information, materials or statements presented. The competitors, and  not CCBC, are responsible for ensuring compliance with all applicable  federal, state and other securities laws, and it is solely the  competitor’s responsibility to comply with any of such laws that are  applicable. CCBC does not give investment advice, endorsement, analysis  or recommendations with respect to any securities and is not a broker,  venture fund or an investment advisor.


Terms & Conditions



By submitting to this competition participants are agreeing to the following Terms and Conditions: 


  1. Participants  who are one of the SIX winners of the competition will be invited to  work with a class of students who will help launch and grow their  business idea. The class begins February and runs until the end of the  Spring semester. Winners who aren’t ready to participate in the upcoming  course MUST participate in the next class.
  2. All winners agree to participate in the 16 Session Small Business Certificate program. Winners  of the Business Plan Competition who do not complete the Small Business  Certificate program will be responsible for repaying the overall  tuition of the class.)
  3. All winners understand that seed  money must be spent within 1 year of the award. All winners understand  that the seed money provided is to help grow their business and monies  are not provided in a check given to spend as they wish.
  4. Participants  must draw down funds by submitting a funding proposal. CCBC Center for  Business Innovation have the discretion to approve or deny funding  usage.All Winners must participate in 4 hours of coaching provided by  CCBC Center for Business Innovation. 

             A. Examples of what funds may be spent on the following:


  • Website services
  • Marketing brochures
  • Sales brochures
  • Logo design
  • Market research
  • Direct mail campaigns
  • List services
  • Signage
  • Promotional items
  • Business cards
  • Advertising campaigns
  • Online campaigns
  • Social media campaigns
  • Videos
  • Copywriting
  • SEO campaigns

        B. Examples of what funds may NOT be spent on the following

  • Legal fees
  • Utility fees (phone, electric, water, etc.)
  • Salaries
  • Computers
  • Computer hardware
  • Software
  • Municipal fees
  • Vehicle expenses
  • Travel
  • Trade association fees
  • Subscriptions
  • Books

Participants understand in order to receive funds they must follow the following steps:


  1. Submit a funding proposal to Dennis Sullivan  (dsullivan@ccbcmd.edu) that includes the item(s)/service(s) you wish to  purchase along with an explanation of how the purchase(s) will help you  grow your business.
  2. Request will then be approved or denied, and suggestions or other options will be made if request is denied
  3. Once  request is approved, participants must make the purchase and submit a  receipt to be reimbursed. Participants must have a payment receipt to be  reimbursed.
  4. Participants understand a check will be  disbursed to them in the name of your business, not the individual  participants name in the amount that was approved.

By  submitting to this competition I agree to the Disclosure and terms and  conditions as described above. I understand that if I am one of the top  six award winners 

Community College of Baltimore County