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The Rice Business Plan Competition

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Rice University Business Plan Graduate-level Student Startup Competition 2020 ($1.5 million in Cash and Prizes).

by OFA
written by OFA

Application Deadline: Monday, January 27th,2020 at 11:59 PM CST.

The Rice Business Plan Competition is the world’s richest and largest graduate-level student startup competition. It is hosted and organized by the Rice Alliance for Technology and Entrepreneurship, which is Rice University’s internationally-recognized initiative devoted to the support of entrepreneurship, and the Jesse H. Jones Graduate School of Business.

2020 will be the 20th year for the competition! In that time, it has grown from nine teams competing for $10,000 in prize money in 2001, to 42 teams from around the world competing for more than $1.5 million in cash and prizes. We provide an unparalleled experience for the participants by designing a diverse program over the course of three-days, with significant time designated for feedback and interaction with the judging panel. Highlights of competing:

  • Real-world opportunities to learn what’s required to successfully launch a new business
  • Mentoring from investors and experienced entrepreneurs
  • Networking with potential venture capitalists and other investors for three days
  • High-caliber, experienced judges, the majority of whom are senior level investors, entrepreneurs and industry leaders
  • Personalized, individual feedback during three separate sessions as well as on your written business plan before the competition
  • 2019: $2.9 Million + in prize money was awarded and pledged with all teams winning at least one cash award

Requirements:

Are you eligible to apply to the Rice Business Plan Comepetition? Let’s see!
 
Yes, if your startup:

  • is student-driven, student-created and/or student-managed
  • has at least two current student founders or management team members, and at least one of those is a current graduate degree-seeking student
  • falls into our sector categories of Energy/Cleantech/Sustainability, Life Science/Digital Health/Medical Devices, Tech/Digital/IoT, Other Innovations
  • has not raised more than $250,000 in equity capital prior to July 1, 2019
  • is seeking funding and is a potentially viable investment opportunity

Prize:

The RBPC offers over $1.5 million in prizes! Prizes are either investment, cash, or in-kind.

Please see the list of prizes here, organized by type and amount.

Please note that prizes for 2020 are still being confirmed, and this list reflects the 2019 prizes offered, but it can serve as a guide to what you will see at the competition.

Application Procedure


Applications open November 1, 2019 through Monday, January 27th, at 11:59 PM CST.
 
Important dates:

  • Friday, November 1, 2019 at 8:00 AM CST – Applications for Rice Business Plan Competition open online
  • Monday, January 27, 2020 at 11:59 PM CST – Deadline to submit applications
  • Tuesday, February 18, 2020 at 12:30 PM CST – RBPC announces 42 teams to compete via live video, email and phone
  • Tuesday, February 25, 2020 by 5:00 PM CST – Invited teams confirm commitment to compete via written confirmation on application, and last day to last day to withdraw without penalty

For More Information:

Visit the Official Webpage of the Rice University Business Plan Graduate-level Student Startup Competition 2020

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Contests

Rice University Business Plan Graduate-level Student Startup Competition 2019 ($1.5 million in Cash and Prizes).

by OFA
written by OFA

Application Deadline: Sunday, February 10, 2019 at 5:00pm CST.

The Rice Business Plan Competition is the world’s richest and largest graduate-level student startup competition. It is hosted and organized by the Rice Alliance for Technology and Entrepreneurship, which is Rice University’s internationally-recognized initiative devoted to the support of entrepreneurship, and the Jesse H. Jones Graduate School of Business. This is the 19th year for the competition. In that time, it has grown from nine teams competing for $10,000 in prize money in 2001, to 42 teams from around the world competing for more than $1.5 million in cash and prizes.

The competition is designed to give collegiate entrepreneurs a real-world experience to fine tune their business plans and elevator pitches to generate funding to successfully commercialize their product. Judges will evaluate the teams as real-world entrepreneurs soliciting start-up funds from early stage investors and venture capital firms. The judges are asked to rank the presentations based on which company they would most likely invest. 87% of judges surveyed considered investing in a team that presented at the 2018 RBPC or referred a team to a third-party investor.

RBC provide an unparalleled experience for the participants by designing a diverse program over the course of three-days; with significant time designated for feedback and interaction with the judging panel.

All teams will participate and present on all three days:

  • Thursday: Practice Round and Elevator Pitch Competition
  • Friday: First Round and Feedback Session
  • Saturday: Semi-Final Round, Wildcard Round and Final Round

How to Enter

One member of your startup, the designated leader, should complete the simple online application. The application consists of a answering a short survey, attaching an Executive Summary(maximum 5 pages), and including an optional Video Elevator Pitch(maximum 2 minutes).

Multiple student startup teams from the same school, institution or university center may apply to compete.

There is no limit on the number of applications per school.

There no feesto apply or to compete.Once an application is submitted, no changes can be made.

Submit your application online from the competition website: www.rbpc.rice.edu

The application must be completed by Sunday, February 10, 2019 at 5:00pm CST.

Teams invited to compete in the Rice Business Plan Competition will be notified via our Facebook Live video event and by email on Wednesday, February27, 2019.If you have questions about any aspect of the competition, please contact Catherine Santamaria, RBPC Director, at [email protected].

For More Information:

Visit the Official Webpage of the Rice University Business Plan Graduate-level Student Startup Competition 2019

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Contests

2016 Rice University Business Plan Competition ($USD 1,500,000 in cash & in-kind prizes)

by OFA
written by OFA

Application Deadline: 5 p.m. CST Feb. 19. 2016

Applications have opened for the 16th annual Rice Business Plan Competition (RBPC) at Rice University’s Jones Graduate School of Business April 14-16.

The Rice Business Plan Competition is the world’s richest and largest graduate-level student startup competition. It is hosted and organized by the Rice Alliance for Technology and Entrepreneurship, which is Rice University’s internationally-recognized initiative devoted to the support of entrepreneurship, and the Jesse H. Jones Graduate School of Business.

This is the 16th year for the competition. In that time, it has grown from nine teams competing for $10,000 in prize money in 2001, to 42 teams from around the world competing for more than $1.5 million in cash and prizes.

Forty-two teams from the world’s top universities will be selected from the applicants to vie for more than $1.5 million in prizes in the RBPC, which in November was named the No. 1 business plan competition for offering “serious cash” by the Princeton Review and Entrepreneur magazine.

2016-rice-business-plan-competition

Eligibility

  • Graduate students with a business plan for a new startup company are encouraged to apply to compete.

Student Enrollment:

  • The competition is for students currently enrolled on a full- or part-time basis (i.e., from July 2015 through June 2016). This includes students who graduated, or will graduate in August through December 2015. Students who graduated before July 2015 are not eligible to participate.

Team Size:

  • The presenting (competing) team should include at least two current students and not exceed five current students. (At least two students must travel to Houston to compete and both must participate in the oral presentation of the business plan).
  • Others involved in the venture (non-students) are welcome to travel to Rice with the competing student team, but are prohibited from participating in the presentations or Q&A sessions.

Team Composition:

This is a competition for graduate students, and at least one currently enrolled graduate student must be a member of the venture’s startup management team, and must be part of the team that presents in the competition (competing team).

A team with some undergraduates will be allowed to compete, and the undergraduates may participate fully.

All graduate students, not just MBA candidates, are eligible to participate in the competition. This includes executive MBAs, MD candidates, JD candidates, other Masters Candidates, and PhD Candidates. Students in Certificate programs or other non-degree programs including Postdocs are excluded.

Outside Funding:

All ventures must be seeking outside equity capital, typically early stage venture investment or early stage angel investment. All ventures must be “for profit” entities.

Student Involvement:

The competition is for student-created and -managed ventures, including new ventures launched by licensing university technology.

Students are expected to:

(1) be the driving force behind the new venture,

(2) have played the primary role in developing the business plan,

(3) have key management roles in the venture, and

(4) own significant equity in the venture.

Application

  • Students will need to submit a three-page executive summary and one-minute video pitch through the competition’s website.

Selection:

  • More than 750 teams are expected to apply to compete in four categories: life sciences; information technology/Web/mobile; energy/clean technology; and tech innovation.
  • A cohort of more than 300 judges will select the winner based on the company that represents the best investment opportunity.

Prizes:

Cisco Prizes

  • Three Cisco Internet of Everything (IoE) Innovation Challenge prizes.
  • The three cash prizes will be awarded in the amounts of $100,000, $25,000 and $10,000.
  • The Cisco IoE Innovation Challenge aims to recognize entrepreneurs that promote and accelerate the adoption of breakthrough technologies, products and services that capture the value of IoE to benefit society.
  • Cisco seeks to empower a generation of global problem-solvers that are advancing the evolution of IoE especially in the areas of connectivity, health care, the environment, critical human needs, education, connected/smart solutions (for example, smart home, smart city, smart energy, connected transportation and wearables), big data, analytics and cloud computing.
  • Special consideration will be given to businesses that capture this value while simultaneously benefiting society and the environment.

Other Prizes:

  • $300,000 Investment Grand Prize from The GOOSE Society of Texas, the OWL Investment Prize, which totaled $285,000 in 2015, and
  • The $50,000 U.S. Department of Energy Clean Energy Prize.
  • There will also be specific prizes for the best women’s health innovation, top energy team, top IT team and top team led by women.
  • The 2016 grand prizewinner will ring the closing bell at the Nasdaq MarketSite in New York City.

For More Information:

Visit the Official Webpage of the Rice Business Plan Competition 2016

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Contests

2015 Rice University Business Plan Competition (graduate-level student startup competition.) – $1.3 million in cash and prizes.

by lanredahunsi
written by lanredahunsi

Application Deadline: Noon CST, Friday, February 27, 2015.

Teams submitting a completed application will receive a FREE SUBSCRIPTION to Palo Alto Software’s LIVEPLAN, online business plan creation tool.  

The Rice Business Plan Competition is the world’s richest and largest graduate-level student startup competition. It is hosted and organized by the Rice Alliance for Technology and Entrepreneurship, which is Rice University’s flagship initiative devoted to the support of entrepreneurship, and the Jesse H. Jones Graduate School of Business. This is the 14th year for the competition. In that time, it has grown from nine teams competing for $10,000 in prize money in 2001, to 42 teams from around the world competing for more than $1.3 million in cash and prizes.

The competition is designed to give collegiate entrepreneurs a real-world experience to fine tune their business plans and elevator pitches to generate funding to successfully commercialize their product. Judges will evaluate the teams as real-world entrepreneurs soliciting start-up funds from early stage investors and venture capital firms. The judges are asked to rank the presentations based on which company they would most likely invest

Highlights of the Competition include:

Real-world opportunities to learn what’s required to successfully launch a new business

  • Chance to receive mentoring from investors and experienced entrepreneurs
  • Scheduled opportunities to network with potential venture capitalists and other investors for three days
  • High caliber of judges, all senior level investors, entrepreneurs and industry leaders
  • Opportunities to receive individual feedback during 3 separate sessions
  • 2013: $1.5 Million + in prize money was awarded with all teams winning at least one cash award (2012 Prizes and Winners)

Eligibility:

GENERAL REQUIREMENTS

Each team must meet the following requirements in order to compete in the 2015 RBPC:

Student Enrollment: The competition is for students currently enrolled on a full- or part-time basis (i.e., from July 2014 through June 2015).  This includes students who graduated, or will graduate in August through December 2014. Students who graduated in the preceding academic years are not eligible to participate.  Appropriate adjustments will be made for teams from non-US universities that have a different academic calendar.

Team Size: The presenting (competing) team should include at least two current students and not exceed five current students.  (At least two students must travel to Houston to compete and both must participate in the oral presentation of the business plan).

 

Prize Award:

Finalist Prizes:

Grand Prize (1st Place Team):

Total Grand Prize Value: $641,600
$300,000 GOOSE Society Equity Investment Prize
$100,000 OWL Investment Prize
$100,000 Opportunity Houston / GHP Investment Prize*
(must be technology or life science team)
$20,000 Cash from Shell
$121,600+ In-kind Awards
+ One year of Incubation Services at the Houston Technology Center and one
year of computing support provided by 1-service ($35,000 value)
+ ERP/CRM Business Application Software and Support from PKF Texas
($25,000 value)
+ Branding Design & Marketing Communications from BrandExtract and The
Padgett Group ($25,000 value) + One year of free website development from ContentActive ($25,000 value) + Treasury Services from Bank of America ($5,000 value)
+ Business Mentoring from Silver Fox Advisors ($3,600 value)
+ Roundtrip tickets on United Airlines ($3,000 value)
+ Ring NASDAQ bell in NYC
+ Automatic entry into 2011 Venture Lab Investment Competition
(criteria to be met)

Second Place Team:
Total Prize Value: $154,100
$15,000 Cash
$100,000 Opportunity Houston / GHP Investment Prize
(awarded to the top technology or life science team*)
$39,100 In-kind Awards + One year of Incubation Services at the Houston Technology Center and one
year of computing support provided by 1-service ($35,000 value)
+ Business Mentoring from Silver Fox Advisors ($3,600 value)
+ Plug & Play Services from 1-service.com ($500 value)

Third Place Team:
$7,500 Cash + $4,100 In-kind Awards

+ Business Mentoring from Silver Fox Advisors ($3,600 value)
+ Plug & Play Services from 1-service.com ($500 value)

Fourth Place Team:    $5,000 Cash + $500 In-kind Awards
+ Plug & Play Services from 1-service.com ($500 value)
Fifth Place Team:
$4,000 Cash + $500 In-kind Awards
+ Plug & Play Services from 1-service.com ($500 value)

Sixth Place:      $3,000 Cash + $500 In-kind Awards
+ Plug & Play Services from 1-service.com ($500 value)

For More Information:

Visit the Official Webpage of the RICE Business Plan Competition

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