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Business plans and investor presentations will be reviewed by the program chair and by such colleagues, sponsors, business managers, and community members as the chair deems appropriate.
Preliminary rounds of contestant pitch presentations will be held as needed to ensure equal representation in the finals across all graduating cohorts and alumni.
The finalists will advance to the awards banquet, where the entrepreneurs will present their business plans and investor presentations.
A panel of local business managers/owner’s, faculty, partners, sponsors, and community members will select the champion based on a rubric and perception of which business is most likely to succeed. The decisions of the panel of judges are final, with no recourse or appeal process.
The startup capital must be used in compliance with an approved business plan. ITCC representatives must approve the expenses prior to the winner incurring obligations/expenditures.
- Personal compensation, such as salary, bonuses, and wages, may NOT be included in these startup expenses.
- Additionally, contest monies CANNOT be used to purchase real estate or property, or to build structures on existing property (business space rental is an acceptable expense).
These rules are not exhaustive and may be changed as required by law, donor specifications, programmatic changes, or other circumstances. Therefore, it is imperative that contestants and winners remain in contact with the program chair and representatives of Ivy Tech regularly
