Competition rules & key dates

 

Eligibility:

In order to be eligible for the prize, the applicant must meet the following criteria:

  • At least 51% woman-owned business;
  • The Applicant must be over 18 years old;
  • Applicant agrees to abide by the Contest Rules as detailed below;
  • Applicant must own rights to product and ideas they are pitching;
  • Applicant must have a Federal EIN if entering in the Established Category.

A non-refundable $50 payment must be included. The Applicant’s payment is submitted with the completed Intent to Compete information when you register.

 

Award Categories:

Two prize packages will be awarded. Criteria for Established and Emerging Business Categories:

  • Established:  Must be in business a minimum of 2 years with revenues of a minimum of $100,000 and ready to invest in your business growth. You will need to provide two forms of financial for proof. Must have valid State of Florida registration with EIN number
  • Emerging: - Business must be a product or service that has the ability to scale and grow with market potential identified and an executive summary.

Competition OVerview

Applicant must register for the Competition by submitting registration and fees. All competition entries must be received on or before November 10th, 2017; entries must include all of the required materials.  Finalists will prepare PowerPoint slides for their live 5 minute presentations at the Awards Luncheon Event in Januray 2018. The winners will be announced at the end of the awards event. The judges will rate each applicant using pre-determined ranking criteria, including but not limited to: the viability and investment appeal of the Applicant’s Business Presentation; the initial 10 slide Deck with all components laid out during the webinar series, passion for business expressed during video, and the quality of the in person interview with the judges on 12/7/17. All of these will be part of the judges selection and process.

Key Dates:

FREE WEBINAR SERIES presented by Full Sail University:

October 5th - Focus on Viability. SWOT Analysis, market need, competitive advantage methods (Slide Deck)

October 12th - Focus on Leadership. Building a management strategy and leadership team. (Creation of Executive Summary)

October 19th - Focus on Success. Project management, business story telling and marketing. (Actual Live Pitch)

October 26th - Focus on Finance. Sales, financials, P & L sheets, and funding opportunities.

DEADLINE TO SUBMIT ALL MATERIAL IS Midnight on Friday, November 10th 2017.

Six Finalist will be announced by November 20th 2017.

November 10th Midnight, 2017 - Deadline for ALL materials Due. Must be submitted in Dropbox that you will be assigned after initial registration. This is firm with no exceptions.

Finalist must be available for initial judges interview; held at the National Entrepreneur Center on December 7th during a morning workshop.

Scoring Criteria:

  • 35% Overall quality of the written executive summary submission
  • 45% Individual interviews with Judging Committee
  • 15% Final Presentation at the Luncheon event 
  • 10% on Video Submission

Awards:

The 6 Finalists that will compete LIVE in Jan 2018, will each receive cash prizes AND in kind services.  

  • An advisory team made up of experienced entrepreneurs and community leaders including legal council (IP, logo, & trademarks etc) marketing, website & technology & app creation support, monthly mentoring appointments, financial planning, and funding support & opportunities.
  • Southwest round trip airline tickets.
  • Recognition at NAWBO Orlando events and tons of PR.
  • Winner in each category, Established & Emerging will BOTH receive $3,000 in cash with additional prizes valued at $6,000.
  • Runner's up in each category will receive $1,500 in cash and additional prizes.
  • 3rd place in each category will receive $500 in cash and additional prizes. Total purse payout valued over $30K

All services and cash will be distributed within one year of award.  NAWBO Orlando will determine the amounts of the awards and reserves the right to change the awards at any time.  NAWBO Orlando also has the right to cancel the awards if, at its sole discretion, it determines that there is not a suitable entrant or the winner has violated the contest rules.  

Cash awards and in-kind services are subject to change based on sponsor participation. The awards and in-kind services are non-transferable. There may be no cash or other substitutions of prizes by winner. Individual winner is solely responsible for all applicable federal, state and local taxes with respect to entire prize package. Note: For cash award - payouts will be made no later than end of January 2018.

Participation with nawbo encouraged!

All Finalist are strongly encouraged to participate in NAWBO Orlando events.  Generally, attendance at one NAWBO Orlando event per month will be required for the Winners. Winners must also prepare for and participate in at least one advisory session per quarter. Winners will be required to allow NAWBO Orlando to use their business as a success story and publish the news about the business in various publications and social media venues with periodical updates explaining the success of the business through the mentoring of NAWBO Orlando and its advisors. 

 

Competition Rules

Originality of Plan:

The ideas and concepts set forth in the business pitch are the original work of the Applicant and neither the Applicant nor any of the Applicant’s owners, officers or employees are under any agreement or restrictions that prohibit or restrict their ability to disclose or submit such ideas or concepts to the Competition.

Ownership:

The Applicant understands and agrees that the Applicant owns the rights to its ideas; however, the Applicant must properly acknowledge any trademarks or copyrighted materials of others that are incorporated into the Applicant’s materials. The Applicant is responsible for obtaining any necessary permission(s) before incorporating such materials into its competition materials.  Once materials are submitted, the Applicant: (a) irrevocably grants NAWBO Orlando the unconditional, perpetual and non-exclusive right and permission to reproduce, store, copy, transmit, publish, post, broadcast, display, adapt, create derivative works of, exhibit, or otherwise use the Applicant’s name and Business Pitch in any media throughout the world for any purpose without limitation, and without additional review, compensation, or approval from the Applicant or any other party. Submission of an idea to the Competition is considered a public disclosure of the idea. Obtaining patent trademark and copyright clearance as necessary for your Business will be the sole responsibility of the Applicant.  NAWBO Orlando will not be held responsible for any patent, trademark and/or copyright issues whatsoever regarding the Applicant’s own ideas and proprietary material or that of others.

Waivers and Releases:

The Applicant understands that National Association Of Women Business Owners – Central Florida Chapter, Inc. (dba NAWBO Orlando), along with NAWBO Orlando Foundation, Inc., the Judges, as well as any and all of the former’s successors, assigns, promotional agents, co-sponsors, insurers, principals, representatives, affiliates, franchisors, subsidiaries, participants, officers, directors, agents, shareholders, independent contractors, managers, supervisors, employees and agents (collectively the “Releasees”), are under no obligation to provide any advice or service to the Applicant.The views expressed by the Releasees are their own and not those of any other person or entity. The Releasees are held harmless by Applicant, its owners, officers, employees and agents and shall not be subject to any action arising from Applicant’s participation in this Competition. Applicant also understands and agrees that the legal protection of the Plan submitted by Applicant to the Competition is the sole responsibility of the Applicant. Applicant understands the Deadline for submission of all materials is midnight on Fri November 10th, 2017. Six semi-Finalists will be notified by Nov 20th and interviewed by the panel of judges on December 7th, 2017. Finalists will give their final presentations at the awards luncheon to be held on January 11th, 2018. Finalists MUST be available on the dates listed.  The Applicant, its owners, officers, employees and agents, grant permission to NAWBO Orlando to publicize their name(s) and a description of their business plan for marketing or other purposes.