InNOLEvation® Challenge 2015-16 Submission Instructions
The 2015-2016 InNOLEvation® Challenge will be using a business model canvas (BMC) to
model a business idea. There will be three separate deliverables prior to the final round. These
progressive deliverables will each focus on different parts of the model.
With each component (there are 9 total) of the model, you will need to state your assumptions,
and then you will explain how you will test those assumptions. For each of the submissions
answer the corresponding questions related to below.
Submission Instructions
Submissions will consist of a Word document to be submitted electronically (by email). Each of
the Word documents in the competition will be labeled by venture name and IC Submission #.
Example: JimMoranInstitute Submission # 1, JimMoranInstitute Submission # 2, etc.
Submissions will be emailed on or before the due date to
InNOLEvationChallenge2016@gmail.com. The time received shown on the email will be the
official submission record. No late submissions will be accepted.
Formatting Instructions
The Word document needs to be Times New Roman 12-point font, single-spaced and with oneinch margins. Paragraph heading should be on a separate line, left justified, and in bold font.
Submission # 1 (This submission will formally enter teams into the competition)
-Value Proposition (VP)
Submission # 2 (This submission will determine Top 25 Semi-Finalists)
-Value Proposition (VP) *Same as submission # 1
-Customer Segments (CS)
-Customer Channels (CS)
-Customer Relations (CR)
-Key Activities (KA)
-Key Partners (KP)
-Key Resources (KR)
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Submission # 3 (This submission will determine Top 7 Finalists)
-Value Proposition (VP) *Same as submission # 1&2
--Validation results for Value Proposition
-Customer Segments (CS) *Same as submission # 2
--Validation results for Customer Segments
-Customer Channels (CS) *Same as submission # 2
--Validation results for Customer Channels
-Customer Relations (CR) *Same as submission # 2
--Validation Results for Customer Relations
-Key Activities (KA) *Same as submission # 2
--Validation Results for Key Activities
-Key Partners (KP) *Same as submission # 2
--Validation Results for Key Partners
-Key Resources (KR) *Same as submission # 2
--Validation Results for Key Resources
Submission # 4 (This submission is only for Top 7 Finalists)
-Cost Structure (C$)
--Assumption of Costs
--Validation results for Cost Structure
-Revenue Streams (R$)
--Assumption of Revenues
--Validation results for Revenue Streams
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