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.
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.
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:
- 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.
- 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.)
- 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.
- 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
- Promotional items
- Business cards
- Advertising campaigns
- Online campaigns
- Social media campaigns
- SEO campaigns
B. Examples of what funds may NOT be spent on the following
- Legal fees
- Utility fees (phone, electric, water, etc.)
- Computer hardware
- Municipal fees
- Vehicle expenses
- Trade association fees
Participants understand in order to receive funds they must follow the following steps:
- Submit a funding proposal to Dennis Sullivan (firstname.lastname@example.org) 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.
- Request will then be approved or denied, and suggestions or other options will be made if request is denied
- 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.
- 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