During part two of the UABS Entrepreneurs’ Challenge selected applicants will be invited to submit a five-page business proposal that addresses key evaluation criteria:
Background of business:
- Description of product or service
- Target market – domestic and/or international
- Team member profiles
- Relevant experience
- Past successes
- Growth plan
- Requested funds, use of funds
- Cost breakdown
- Milestones and KPI’s
- Return on investment projection
- Ability to service the debt
Required documentation:
- Financial pro forma
- Current funding
- Current operating budget
The UABS Entrepreneurs’ Challenge will review all business plans to determine strengths and potential risks. 2010 dates to be confirmed.
The Investment Committee will review the likely scope of the plan and pre‐agree the terms of the UABS Entrepreneurs’ Challenge Agreement (to be entered into in the event that you are successful).
All decisions of the Challenge will be final (with the exception of any interpretation of the Terms which will remain at the sole and absolute discretion of The UABS Entrepreneurs’ Challenge) and no correspondence will be entered into.
You may be disqualified if you attempt to directly or indirectly approach any member of The UABS Entrepreneurs’ Challenge or its partners in connection with the Challenge (other than where invited to do so by the Investment Committee) or in any other way attempt to inappropriately influence the outcome of the Challenge.
The UABS Entrepreneurs’ Challenge reserves the right to amend the timetable for each stage of the Competition at its sole and absolute discretion.
The UABS Entrepreneurs’ Challenge, in its sole and absolute discretion, reserves the right to cancel, suspend, terminate or modify the Challenge if fraud, technical failures or any other factor beyond The UABS Entrepreneurs’ Challenge’s reasonable control adversely affects The UABS Entrepreneurs’ Challenge ability to conduct the Challenge as contemplated in these Terms, subject to New Zealand law.
