Round 2: Feasibility Analysis, Business Model Canvas, Concise Summary & Updated Video

Submission Deadline: 12:00 noon on February 23, 2017

Final due date: 12:00 Noon on February 28, 2018.

Teams that are selected to advance to the semi-final round of the competition will be notified by March 6, 2018. To compete in this phase, each team must submit three required items: a 5-page Feasibility Analysis, a Business Model Canvas, a Concise (20 words or fewer) Description and an updated Video.

Submission

In order to compete in Round 2 of the competition, all materials must be submitted by 12:00 noon on February 28, 2018. 

Submissions will only be accepted from teams that have been notified of their advancement.

No submission will be accepted after 12:00 noon on Thursday, February 28, 2018.

The Feasibility Analysis - Your Feasibility Analysis must not exceed 8 pages as described below. 

  • Your feasibility analysis text should be a maximum of five pages.
  • Recommended: In addition to the feasibility analysis text, you may include a 2-page financial analysis containing: (a) 1- page Startup Budget, (b) 1-page profit & loss statement. (=2 pages)
  • Optional: You may also submit one page of supporting visual (not written) information about your product/service, e.g., diagrams, screen shots, product illustrations, etc. Do not use this optional page to add more text to our feasibility analysis. (=1 page)
  • You may also include a cover page and a table of content. These are not counted in the page count limits.

Plans must use the Arial 12 font with one-inch margins and must be double-spaced; however, charts and footnotes may use the Arial 10 font. Word .doc or .docx format is required. The document name must be the same as the name of the venture (venturename.doc or venturename.docx). Submissions that do not comply with these specifications will be rejected.

Your Feasibility Analysis must be submitted via the Submit Your Idea page and will only be accepted from teams that have been notified of their advancement. 

The Feasibility Analysis should explicitly address Opportunity, Solution, Operations Plan, Financial Analysis and Team. Feasibility Analyses for Social Ventures should also address Measuring Social Impact.

The Feasibility Analysis should provide a narrative that tells a potential Investor or funder about the venture. It should have arc and flow, describing a compelling need and providing evidence that the team understands the customer/beneficiary's need, has a great solution and has the talent and resources needed to implement the solution.

It should also provide information to explain what is included in your Business Model Canvas. Note that the elements of the Business Model Canvas are not equally important. Customer Segments and Value Proposition are the foundation of the other elements, and they should be given careful exposition in the Feasibility Analysis.

Finally, the Feasibility Analysis should give a clear description of your product or service, your team, the competition you face, the nature of the industry and the size of the market you are pursuing and a statement of your financial projections.

Successful Feasibility Analyses in Round 2 of the Competition will address the elements of the Judge's Evaluation Criteria listed below and will be presented in a way that is interesting to the judges. In fact, the elements of the Judges' Evaluation Criteria make a good outline of a Feasibility Analysis.

These documents provide expert guidance on constructing a Feasibility Analysis for a New Venture, a Technology Venture and a Social Venture.

2. Each submission must also include a Business Model Canvas. Participants should upload a complete Business Model Canvas on the submission site. Good tools and templates for constructing a business model canvas can be found on the GW New Venture Competition website under Business Model Canvas Tools.

The Business Model Canvas is intended to be a concise, single-page summary of the venture's business model. Its content should be in the form of bullets or short sentences, and it should be completely consistent with the narrative provided in the Feasibility Analysis.

3. Each submission must include a Concise Description of the venture. This summary may not exceed 20 words. It should convey they essence of the product or service as well as the problem it solves. The Concise Summary should pique interest in the venture.

Participants who have submitted their Feasibility Analysis and who are selected to advance to the Semifinal Round will be notified and listed in the "2018 Semifinalists and Finalists" section of this website no later than March 6, 2018. All decisions by the panel of judges are final.

4. Updated video. Should not exceed 2 minutes in length. Must be uploaded to Youtube or Vimeo. Don't forget to make it public!

 


Participants who are selected to advance to the semi-final round will be notified via email and listed in the Finalists & Winners section of this website by March 7, 2017.

All decisions by the panel of judges are final.

Judge's Evaluation Criteria

New Venture Judges Criteria

In order to advance to Round 3 of the competition, Feasibility Analysis, Business Model Canvas & Concise Summary Plan submissions will be judged on the following criteria.

1.    Opportunity (15%)
What insights are brought on by the presenting team?
 
2.    Solution (25%)
Is there a clear definition of customer segments, customer needs and value propositions?  How well does the product or service meet the need?
 
3.    Operations Plan (20%)
What are the key activities, resources and partners needed to execute the business plan?
 
4.    Financial Analysis (20%)
Are there clear statements of revenue streams and cost structure?  Are there projections in summary form?  Are they easy to understand, consistent with plan, effective in capturing financial performance.  Look for a minimum 3-year projection.
 
5.    Management Team (20%)
What are the backgrounds of key individuals?  Do they have the ability to execute their strategy? Do they understand their personnel needs?  Do they have an appropriate organizational structure?
 

Social Venture Judges Criteria

In order to advance to Round 3 of the competition, Feasibility Analysis, Business Model Canvas & Concise Summary Plan submissions will be judged on the following criteria.

1.    Opportunity (10%)
What insights are brought on by the presenting team?
 
2.    Solution (15%)
Is there a clear definition of customer segments, customer needs and value propositions?  How well does the product or service meet the need?
 
3.    Measuring Social Impact (15%)
How will the team assess their effectiveness in achieving their stated social mission?
 
4.    Operations Plan (20%)
What are the key activities, resources and partners needed to execute the business plan?
 
5.    Financial Analysis (20%)
Are there clear statements of revenue streams and cost structure?  Are there projections in summary form?  Are they easy to understand, consistent with plan, effective in capturing financial performance.  Look for a minimum 3-year projection.
 
6.    Management Team (20%)
What are the backgrounds of key individuals?  Do they have the ability to execute their strategy? Do they understand their personnel needs?  Do they have an appropriate organizational structure?
 

Technology Venture Judges Criteria

In order to advance to Round 3 of the competition, Feasibility Analysis, Business Model Canvas & Concise Summary Plan submissions will be judged on the following criteria.

1.    Opportunity (15%)
What insights are brought on by the presenting team? What is the technology at the core of this venture?
 
2.    Solution (25%)
Is there a clear definition of customer segments, customer needs and value propositions?  How well does the product or service meet the need?
 
3.    Operations Plan (20%)
What are the key activities, resources and partners needed to execute the business plan?
 
4.    Financial Analysis (20%)
Are there clear statements of revenue streams and cost structure?  Are there projections in summary form?  Are they easy to understand, consistent with plan, effective in capturing financial performance.  Look for a minimum 3-year projection.
 
5.    Management Team (20%)
What are the backgrounds of key individuals?  Do they have the ability to execute their strategy? Do they understand their personnel needs?  Do they have an appropriate organizational structure?