In its fourth year, the CU New Venture Challenge is a campus-wide initiative connecting students and faculty with teammates in a broad range of disciplines and with mentors from the business community. The goal is to provide knowledge and experience making entrepreneurship accessible to anyone with the enthusiasm and creativity required to start a new business.
Judging criteria:
The competition is meant to reward well thought-out concepts, due diligence in research, clearly written business plans and engaging presentations. Business plans are judged on five categories. Each category is worth five points for a total of 25 points. Additionally, judges can add up to 5 “bonus points.” Therefore, the maximum score is 30 points. More details here. The judging criteria are:
1) Quality of Writing
2) Quality of Presentation (applicable only to finalists)
3) Concept / Vision
4) Quality of Evidence and Research
5) Plan Components: product/service description, marketing plan, finance plan, description of competitive advantage and growth plan
Bonus Points
This is an opportunity for judges to award extra points based on their experience. A judge need not award bonus points. Some possible reasons to award bonus points include:
- This is a brilliant idea that addresses a real market need.
- The parts fit together so well that it “just made sense.”
- The amount of work by the team is evident and suggests future success.
- It made this concept or team “fundable.”
Find photos from the event on our Flickr Group or on Facebook.
