First Dakota National Bank New Venture Plan Competition
All SDSU undergraduate and graduate students are invited to submit a New Venture Plan for the 2018 First Dakota National Bank New Venture Plan Competition. All plans must be emailed to Barb Heller (Barb.Heller@sdstate.edu) by 5:00pm on April 5, 2018.
In no more than five pages, the written new venture plan should include each of the following elements:
1. Describe Opportunity:
Summarize a viable, sustainable business built around specific product(s) or service(s).Identify how the new venture will make/makes money.
2. Demonstrate a market need:
Clearly demonstrate a market need including a summary of the target market, features and benefits, demand, competition, pricing, and customer acquisition needs. Provide compelling evidence of the potential to generate robust sales to clearly identified customers within the next 12 months.
3. Demonstrate operating requirements necessary for the launch of the new venture are readily available:
Clearly identify and provide evidence that the facilities, equipment and other support (i.e. human resources) needed for launching the venture is available and attainable.
A panel of judges will evaluate each written plan submitted. The top finalists will be asked to present their plan to the same panel of judges. All finalists will receive a cash prize of varying amount.
Please contact Barb Heller, SDSU Entrepreneurial Studies Coordinator for any questions or concerns.
Barb.Heller@sdstate.edu or 605-688-4141