Rules

Eligibility
  1. At least one Anderson MBA student must be a member of the team. Non-students may be members of the management team and participate in planning the venture. The maximum size of a team is six (6) students. Prize money will be distributed to enrolled UCLA students; teams will be responsible for distributing winnings to non-UCLA enrolled team members
  2. A student may submit more than one business plan to the competition, but if more than one of their teams makes it to the finals, the student must only be on one team.
  3. The Knapp venture competition is for new, independent ventures in the seed, start-up or early stage. Business plans cannot be venture-backed although friends & family funds are acceptable.
  4. All teams required to participate in Venture Review unless the team has won an external business plan competition.
  5. Teams are not allowed to change registered team members after the submission of semifinal plans.
  6. All teams will adhere to the UCLA Anderson Honor Code. Any disputes must be submitted in writing to the Knapp Venture Competition Program Manager, Angela Klein(angela.klein@anderson.ucla.edu). Disputes (including potential disqualification) will be settled in writing at the discretion of the Knapp Venture Competition Student Managers under the guidance of the Price Center for Entrepreneurial Studies

Business Plans

We advise plans to be up to 25 (typed and double-spaced) pages of text, including the executive summary and summary financial data. Appendices should follow the text portion of the plan with detailed spreadsheets and other appropriate data. Financial data should include a cash flow statement, income statement, and balance sheet. The plan should include an explanation of necessary funds and uses. If you are seeking Angel funding (less than $1 MM), label the front of your plan "A-track." If you are seeking over $1MM, label the front of your plan "V-track" for Venture Funding.

Semi Final and FInal Business Plans are due in April and May, all commununication regarding specific dates is made through the Entrepreneur Assoication email listserv. 

An electronic copy of the semi finals plan should be sent to Angela Klein (angela.klein@anderson.ucla.edu). We expect 6 hard copies of your Finals plan.

Plans will be distributed to the judges for evaluation of the written plan prior to the competition.

  1. UCLA Anderson students must lead in the presentation. Company members may be present to answer questions, but non-student team members cannot lead the presentation.
  2. For semi-finalist and finalist presentations at UCLA, each team will be given fifteen (15) minutes to present their business plan followed by a ten (10) minute question & answer session between the presenting team and the judges. There will be a few minutes between each presenting team for setup/breakdown.
  3. All public sessions of the competition, including but not limited to oral presentations and Q&A, are open to the public at large. Any and all of these public sessions may be broadcast to interested persons through the media. Any data or information discussed or divulged in public sessions should be considered information that will likely enter the public realm, and competitors should not assume any right of confidentiality to any data or information discussed, divulged or presented in these sessions. Neither UCLA Anderson, the Price Center, nor their designate organizations assume any duty to screen or otherwise control the identity of those attending, viewing or hearing all or part of these public sessions, and participants agree that by entering the competition they have been made aware that such attendees, viewers and recipients may include members of the media and potential competitors in addition to members of the financial community, students and faculty.
  4. Participants agree to allow UCLA Anderson to videotape the oral presentations and the Q&A sessions. UCLA Anderson may market and distribute these videos. By competing in the competition, participants agree to grant UCLA Anderson and/or organizations designated by them the unlimited right to videotape, audiotape, transcribe or otherwise record all public sessions of the competition, including but not limited to oral presentations and question/answer sessions. All participants agree that UCLA Anderson, the Price Center and/or their designate organizations may use any such transcriptions and/or recording(s) (in whole or part) for such publicity and marketing purposes.
  5. Equipment provided includes a built in multi-media projector and computer with internet access, DVD/CD player, and USB ports. Computer software includes Windows XP, Adobe Acrobat, Internet Explorer, Microsoft Office 2003 (Word, Excel, PowerPoint), Netscape, Power DVD Player, Quicktime Player, Real One Player, Windows Media Player9, and WinZip.

Judges Evaluation Guidelines

  1. Evaluation will take place in the semi-final and final rounds. Judges will evaluate the semi-finalists written plans a week prior to the semi-final round. Judges will again evaluate plans based on the oral presentation by each team. The final decision is based on the judges' qualitative evaluation and consultations with each other during their deliberation session following the presentations. Judges will ultimately consider the entire business concept looking at overall feasibility, combined with significant capital gains potential, attractive investment possibilities and actual implementation. Judges will consist of entrepreneurs, investors, and academics experienced in the entrepreneurial process. There will be 4-7 judges per panel at the event.

Terms and Conditions

  1. The Price Center may include a copy of your plan in our growing library of sample business plans. The documents contained in our library are for reference only and are not allowed to be duplicated or checked out of the Price Center unless you have specifically released your permission to do so. If you do not wish to have your plan included in the library, please send us a letter with contact information and your wishes.

Attn: Knapp Venture Competition
The Price Center for Entrepreneurial Studies
110 Westwood Plaza, Entrepreneurs Hall
Suite C305, Box 951581
Los Angeles, CA 90095-1481

  1. Due to the nature of the competition, we will not ask judges, reviewers, staff or the audience to agree to or sign non-disclosure statements for any participant. By participating in the competition, participants agree that neither UCLA Anderson, the Price Center nor their designate organizations assume any liability whatsoever for any disclosures of business plan information which may be made (whether inadvertently or otherwise) by any judge, reviewer, staff member, audience member or other individual connected with, participating in, viewing, hearing, or receiving information from the competition.