Dean’s Business Plan Competition
The School of Management's annual Dean's Business Plan Competition is open to student teams from across Mason, in any major or discipline.
Selected teams will present their plans for a new business or venture before a live audience and panel of judges comprised of successful entrepreneurs. Presentations are limited to 8 minutes in length, and are typically accompanied by PowerPoint slides or similar visual aids.
Through the generosity of our donors, the School of Management has established the Mason Student Venture Fund and awards $30,000 in cash and in-kind services to winners of the competition. First Prize is $10,000 cash plus $10,000 worth of in-kind services. Second and third prizes are awarded cash prizes.
Eight teams will be chosen to pitch their ideas. Representatives from each team will have up to 8 minutes to present their idea before a panel of judges and live audience.
A. Entrants must be teams of at least two persons, with 50% or more team members currently enrolled (full or part-time) in any Mason degree granting program.
B. Existing student-run businesses may apply, but are limited to $100,000 in annual revenue. Student members of the team must be equity owners in the business.
C. Entrants must provide a written executive summary of their business concept (maximum of 5 pages) that addresses the following questions:
- What problem are you trying to solve?
- How big is this problem? How do you know this? Can you validate that this is a real problem? (For example do you have market research, or current customers?)
- How big is your market size? Who can you reach in the first 2 years?
- What is your solution to the problem? What is the value proposition for the customer? (Forexample, cheaper, more convenient, better quality?)
- Who are your competitors, and why is your solution better?
- How will you make money (what is your business model)? What are your revenue stream(s)? How will you market and sell? What are your costs?
- Who is on your management team? What backgrounds and experiences do they bring?
- Use of funds—how would you use the $10,000 in first place price money should you win the competition?
- Please include a 100 word summary of your venture.
E. Entrants should be available to answer questions of the judges by telephone. Up to 8 final teams and an alternate team will be chosen for the competition.
F. Finalists will present in-person to a panel of judges and a live audience. Teams are encouraged to bring their friends, supporters and parents to the competition. Finalists must be present to win. An awards lunch will be served following the competition.