2015 Business Plan Competition General Rules & Eligibility Requirements 1. All High Point University undergraduate students enrolled during the spring semester of the competition year are eligible to participate in that year’s competition. Individuals who are not students at HPU may be members of the management team and participate in planning the business, however only students may present the plan in the competition. If a company has been formed, the student or students must own at least 50 percent or more of the company and should hold the top position within the company. 2. All authors who will be competing in the HPU Business Plan Competition must be currently enrolled and in good standing with High Point University and the community. Good standing is defined as having a minimum cumulative grade point average of 2.0 and a record of exemplary citizenship. All authors must agree to release a copy of their official academic transcript and disciplinary record to the Center for Entrepreneurship staff. The Center staff reserve the right to disqualify any author who does not meet the minimum grade requirement and/or is ineligible to be enrolled at HPU as a result of disciplinary action. 3. Individual students or groups are eligible to present their business plans. 4. Students submitting a plan must commit to present their plan in the final competition on April 23, 2015. 5. The plan must cover the entire business concept and implementation for a new venture in the seed, start-up or early growth stages, having not been in existence for more than 18 months. Generally excluded are the following: buy-outs, expansions of existing businesses, real estate syndicates, tax shelters, franchises, licensing agreements for distribution in a different geographic area, and spin-offs from existing corporations. 6. Ventures/companies may only compete in the HPU Business Plan Competition once. 7. All authors must agree that the business plan they submit is their original work. The author(s) will retain all rights to the plan regarding its use at all times prior to and following the competition. 8. By participating in this competition, students agree to give the competition organizers and university the right to post the business plan on a password protected site in order for judges/reviewers to access the plan, post comments, and assign a numerical value to the plan. Judges, staff, and the audience related to the competition will not be required to sign non-disclosure documents. All public sessions of the competition are open to the public. Any information discussed in these sessions is considered information that will enter the public domain and entrants should not assume any right of confidentiality to any information presented in these sessions. 9. Once submitted, no changes can be made to the executive summary, business plan, and presentation. All submissions must include the name and phone number of the key contact person(s) and copies of any documentation needed for investors. The information will be verified for accuracy. All deadlines stated in the schedules will be held – no exceptions will be made. 10. Finalists are required to sign a waiver allowing the Center for Entrepreneurship the express right to videotape their final presentation. They will also be required to sign an audio-video release form allowing High Point University to use the business plan presentation within the University for faculty, staff, students, the Center for Entrepreneurship and to be part of the archives of High Point University. 11. All students are expected to abide by these rules as well as the overall spirit of the competition. The Director of the Center for Entrepreneurship and the Dean of the Phillips School of Business reserve the right to disqualify any student or student team that violates the rules, regulations, or spirit of the competition. 12. The winner(s) of the Competition will be the individual or student team whose plan and presentation conveys the most promising combination of: business model clarity and viability attractive investor possibilities investor returns potential realistic implementation and sustainability opportunities product/service originality market opportunity team quality and competencies financial feasibility business plan and presentation quality and completeness