Entry Material

By 5 pm on September 29, each team will email to cobetrac@radford.edu an entry form including:

·        A name for the innovation team or startup
·        A one paragraph description of the business opportunity or social problem being addressed,
·        A one paragraph description of an alternative opportunity or problem,
·        Name, student ID, & details about each team member (including CEO, captain or lead contact),

They will then get access to the section in D2L with all the details about the contest and will receive a comment within 2 days about their opportunity and problem (advisory only).

By November 5 each team will upload:

1.      A video of six minutes or less that
    a.      Clearly states the opportunity or problem,
    b.      Explains the business or social innovation or startup,
    c.      Shows the service or product in action,
    d.      Details the user feedback obtained (Qualitative or Quantitative analytics),
    e.      Explains any pivots in the plan during the semester,
    f.       Or if prototyping or testing isn’t easy, explains the project and shows concept testing.
2.      A one page budget (showing launch is possible for $500 or less)
3.      (Optional) The business model canvas (1 page upload) https://leanstack.com/ without or with only tentative revenue projections.*

*Should be submitted if startup or team is interested in a follow-up funding or launch program in Spring 2016.

Within categories submissions will be judged by multiple criteria including:

·        Appropriateness and challenge of the opportunity or problem
·        The effectiveness of the prototype, product or solution presented
·        Quality of the user feedback
·        Adjustment to user feedback
·        Innovativeness

Some prizes will involve a second round of live judging at the contest banquet.

All teams must submit an entry form.