Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies Michigan Business Challenge Intent to Compete form List all team members and their email addresses. Please answer the questions on this form in less than 3 pages. Applications should be in the form of a single .pdf and emailed to [email protected] by 8 a.m. on Monday, November 17, 2014.
Name of Business: Ex: Google This team member must be a student of the University of Michigan (Ann Arbor campus).
Primary contact: Ex: Jane Smith Degree and grad date: Ex: MBA 2013, PhD 2012, BA 2012, etc UMID: Ex: 5894 3258 Email: Ex: [email protected]
Team member name: Degree and grad date: UMID: Email:
Team member name: Degree and grad date: UMID: Email:
Team member name: Degree and grad date: UMID: Email:
Team member name: Degree and grad date: UMID: Email: Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies Michigan Business Challenge
1) Introduce the macro issue. This should be a short paragraph that frames the specific problem in Q2.
2) What is the specific problem within this macro issue that you are going to address? Connect the specific problem to the macro issue and give enough detail so that the reader understands.
3) How are people coping with the problem that you described in Q2 now? Why do you suspect that these solutions are inadequate?
4) What is your initial idea for a better solution to the issue described in Q2, and how is it unique?
5) Please describe your business in 1 sentence.
6) How does this opportunity intersect with your team’s capabilities? Describe your team’s capabilities as it relates to the opportunity described in Q2 (not the solution in Q4). Be specific and be sure to touch on all 4 dimensions of your team: skills, networks, interests and assets.
7) Have you generated revenue prior to the current academic year? Have you raised equity capital from sources other than the student team before the current academic year?
8) How did you hear about MBC?
9) How did you meet your team members?
10) Do you have any time constraints during Round 1 on December 5th, 1 – 5 p.m.? We will do our best to try to accommodate these.
Social Impact Track (optional) Social Impact teams will have a chance to compete in this new track, which begins in Round 2 of the Michigan Business Challenge. All teams will compete and be judged together in Round 1.
The goal of this track is to stimulate the creation of new businesses, products or services that prioritize social and/or environmental considerations. The award recognizes the business plan that best pursues a mission-driven goal through its product/service offerings and underlying operations of the firm; the firm may be either for- or not-for-profit.
If you would like to be considered for the social impact track, please answer the following: 1) What is the social and/or environmental macro issue and specific problem your idea addresses (if different than above)?
2) What target population will your idea benefit? Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies Michigan Business Challenge
3) What impact does your idea create?