Each competing team will need to submit a 10-page PowerPoint and a 1-minute video presenting their business idea. Judges from the venture capital industry will evaluate each team’s submission.
Selected teams will present their business pitch live in front of preliminary round judges. (If contestants are outside of British Columbia, the presentations will be conducted via Skype).
The advancing teams will each be paired up with an experienced industry professional. These professionals will act as mentors over the course of eight days to help refine: business plan, presentation, venture capital negotiation, questions & answers. After the mentorship period, each team will present live in front of preliminary round judges. (If contestants are outside of British Columbia, the presentations will be conducted via Skype).
The Entrepreneurship finalist teams will interact with the Venture Capitalist finalist teams and prepare for their final presentation at the conference. At the Conference, The E Team finalists will pitch their ideas, followed by Q&A to the final round judging panel comprised of senior venture capital industry leaders and experienced entrepreneurs. The E Teams will then enter into negotiations with the VC Teams teams over the terms of financing.
The top E Team, as decided by the panel of judges, will receive $3,000 prize money. Spring will also be providing the first and second place E Teams with $1,000 and $600, respectively, in credit prizes for their Kick Incubator program. In addition, The Pacific Venture Capital Competition and Conference will connect student entrepreneurs to the right people to advance their business idea. Among the judging panel will also be investors who will potentially invest up to $25,000 in seed money in one of the business ideas.
Finally, mentorship by experienced industry professionals will be a highly desirable and rewarding aspect of the final round. Other perks include media exposure via Business in Vancouver & Vancity Buzz.