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<!DOCTYPE html>
<html lang="en">
<head>
<!-- Meta -->
<meta charset="utf-8">
<meta http-equiv="X-UA-Compatible" content="IE=edge">
<meta name="viewport" content="width=device-width, initial-scale=1">
<!-- The above 3 meta tags *must* come first in the head; any other head content must come *after* these tags -->
<!-- SITE TITLE -->
<title>Business Model Competition</title>
<!-- Latest Bootstrap min CSS -->
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<!-- Google Font -->
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<body>
<!-- START PRELOADER -->
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<div class="navbar navbar-default navbar-fixed-top menu-top" role="navigation">
<div class="container">
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<a class="navbar-brand" href="index"><img src="assets/img/logo.png" alt="logo" /></a>
</div>
<div class="navbar-collapse collapse">
<ul class="nav navbar-nav navbar-right">
<li><a href="#why_choose">Overview</a></li>
<li><a href="#requirements">Requirements</a></li>
<li><a href="#judging">Judging</a></li>
<li><a href="#timeline">Timeline</a></li>
</ul>
</div>
</div>
</div>
<!-- END NAVBAR -->
<!-- START HOME DESIGN -->
<header class="hero" style="background-image: url(assets/img/bg/home-bg.jpg); background-size:cover; background-position: center center;background-attachment:fixed;">
<div class="home_overlay">
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<div class="col-md-10 col-md-offset-1 col-xs-12 text-center">
<div class="hero-text wow fadeInRight" data-wow-duration="1s" data-wow-delay="0.3s" data-wow-offset="0">
<h1>Business Model Competition</h1>
<!-- <p>Undergraduate Entrepreneurship at W&M</p> -->
<a href="#why_choose" class="btn btn-default btn-home-bg" href="">Learn more</a>
</div><!-- //.HERO-TEXT -->
</div><!--- END COL -->
</div><!--- END CONTAINER -->
</div><!--- END HOME OVERLAY -->
</header>
<!-- END HOME DESIGN -->
<!-- PROMOTION -->
<section class="buy_now">
<div class="container text-center">
<h4 class="buy_now_title">Want to receive updates?<a href="https://tribeventures.typeform.com/to/aJkW1W" class="typeform-share btn btn-default btn-promotion-bg" data-mode="1" target="_blank">
<strong>Join our Newsletter</strong> </i>
</a>
<script>(function(){var qs,js,q,s,d=document,gi=d.getElementById,ce=d.createElement,gt=d.getElementsByTagName,id='typef_orm',b='https://s3-eu-west-1.amazonaws.com/share.typeform.com/';if(!gi.call(d,id)){js=ce.call(d,'script');js.id=id;js.src=b+'share.js';q=gt.call(d,'script')[0];q.parentNode.insertBefore(js,q)}id=id+'_';if(!gi.call(d,id)){qs=ce.call(d,'link');qs.rel='stylesheet';qs.id=id;qs.href=b+'share-button.css';s=gt.call(d,'head')[0];s.appendChild(qs,s)}})()</script>
</a></h4>
</div><!--- END CONTAINER -->
</section>
<!-- END PROMOTION -->
<!-- START WHY DO BMC -->
<section id="why_choose" class="why_choose" style="background-image: url(assets/img/bg/who_we_are_bg.jpg); background-size:cover; background-position:center center;">
<div class="why_overlay">
<div class="container-fluid">
<div class="row text-center">
<div class="section-title wow zoomIn">
<h1 class="section-title-white">Overview</span></h1>
<div></div>
</div>
<div class="col-md-4 col-sm-4 col-xs-12 wow fadeInUp" data-wow-duration="1s" data-wow-delay="0.3s" data-wow-offset="0">
<div class="single_why">
<i class="fa fa-street-view"></i>
<h4>Overview</h4>
<p> A business model is not a business plan. Traditional business plans are written based on research and projected assumptions. These assumptions are not market-tested and therefore, are not convincing.</p>
</div>
</div><!--- END COL -->
<div class="col-md-4 col-sm-4 col-xs-12 wow fadeInUp" data-wow-duration="1s" data-wow-delay="0.3s" data-wow-offset="0">
<div class="single_why">
<i class="fa fa-area-chart"></i>
<h4>Purpose</h4>
<p>To equip W&M students with advanced entrepreneurial endeavors by identifying problems, initiating potential solutions, validating the solutions by testing the market and pivoting for better ones.</p>
</div>
</div><!--- END COL -->
<div class="col-md-4 col-sm-4 col-xs-12 wow fadeInUp" data-wow-duration="1s" data-wow-delay="0.3s" data-wow-offset="0">
<div class="single_why">
<i class="fa fa-group"></i>
<h4>Why</h4>
<p>A business model, under the popular Business Model Canvas format, shows visually the logic of how a company intends to make money after testing customers, suppliers, distributors, etc.</p>
</div>
</div><!--- END COL -->
</div><!--- END ROW -->
</div><!--- END CONTAINER -->
</div>
</section>
<!-- END WHY BMC -->
<!-- START REQUIREMENTS -->
<div class="container listo section-padding" id="requirements">
<h1 >Requirements</h1>
<div class="panel panel-default">
<div class="panel-heading">Step-by-step requirements</div>
<ol class="list-group">
<li class="list-group-item">Form a team. Teams must be comprised of 2 – 5 W&M
students. A leader must be appointed for each team. Bonus points will be given to teams
with diverse education backgrounds such as business and non-business majors, seniority of
students (graduates, upperclassmen, and underclassmen), etc.</li>
<li class="list-group-item">Attend the workshop on March 17th: Teams are highly
recommended to participate in the workshop.</li>
<li class="list-group-item">Register: Team leaders must register team participation by
filling out this <a href="https://forms.wm.edu/form/view/25338">form</a>. </li>
<li class="list-group-item">Take advantage of the following resources: Channel “Rollins Center for Entrepreneurship & Technology at BYU”. Others: <a href="http://www.businessmodelgeneration.com/">Business Model Generation</a>, <a href="http://roughdraft.vc/handbook/">Rough Draft VC’s starter kit</a> </li>
<li class="list-group-item">Submit the deliverables: By the end of April 02nd, team
leaders must email the following to [email protected]. 1) A Link to Multimedia
presentation. The format should be a video presentation up to 10 minutes long and must be
uploaded on Youtube. The presentation should tell the story of how the business model was
formed, evolved and pivoted through customers’ feedback. The business model canvas will be
the primary tools for communicating the works. 2) PDF file: Content: Slides used in the
video.
<li class="list-group-item">Attend the Final Event: All teams are highly recommended to attend. 6 best teams will
be selected to pitch in front of judges and audience. The pitch content can be similar to
Multimedia presentation or with information updates A total cash prize of $1,500 will be
awarded to the winning teams </li>
</li>
</ol>
</div>
</div>
<!-- END REQUIREMENTS -->
<!-- START JUDGING -->
<div class="container listo section-padding" id="judging">
<h1 >Judging Criteria</h1>
<div class="panel panel-default">
<div class="panel-heading">Criteria</div>
<ol class="list-group">
<li class="list-group-item"> If the students use the business model canvas</li>
<li class="list-group-item"> If the students clearly state their assumptions/hypothesis:
identify the most crucial assumptions to test first (the one that would kill their model)
</li>
<li class="list-group-item">If students designed low cost, rapid, but reliable tests of
these hypotheses</li>
<li class="list-group-item">If students conducted the tests in a reliable manner: at least
5 customers must be interviewed and what students have learned from the interviews</li>
<li class="list-group-item">If the students pivoted the models after customers’ feedback
and if a pivot is supported by evidence or if they failed to pivot when the evidence
clearly stated it</li>
<li class="list-group-item">If students have developed a prototype or minimum viable
product (MVP) and how this MVPs have been improved</li>
</ol>
</div>
</div>
<!-- END JUDGING -->
<!-- START TIMELINE -->
<div class="container section-padding" id="timeline">
<div class="page-header">
<h1 id="timeline">Timeline</h1>
</div>
<ul class="timeline">
<li>
<div class="timeline-badge warning"><i class="glyphicon glyphicon-calendar"></i></div>
<div class="timeline-panel">
<div class="timeline-heading">
<h4 class="timeline-title">Guide to Business Modeling</h4>
<p><small class="text-muted"><i class="glyphicon glyphicon-time">
</i> Feb 17th 06:00pm – 07:30pm, Miller Hall 1008</small></p>
</div>
<div class="timeline-body">
<p>
Mr. Paul Nolde, New Richmond Ventures, will talk about skills needed for business modeling. Professor Henshaw will introduce about Tribe Ventures and BMC.
</p>
</div>
</div>
</li>
<li class="timeline-inverted">
<div class="timeline-badge success"><i class="glyphicon glyphicon-calendar"></i></div>
<div class="timeline-panel">
<div class="timeline-heading">
<h4 class="timeline-title">Business Canvas Workshop</h4>
<p><small class="text-muted"><i class="glyphicon glyphicon-time">
</i> March 17th 05:00pm – 06:30pm, Design Studio Miller Hall 2052</small></p>
</div>
<div class="timeline-body">
<p>Professor Henshaw will work with students teams on how to build canvas and what stories they should tell.</p>
</div>
</div>
</li>
<li>
<li>
<div class="timeline-badge warning"><i class="glyphicon glyphicon-calendar"></i></div>
<div class="timeline-panel">
<div class="timeline-heading">
<h4 class="timeline-title">Registration Deadline</h4>
<p><small class="text-muted"><i class="glyphicon glyphicon-time">
</i>March 18th, Online</small></p>
</div>
<div class="timeline-body">
<p>
Deadline for team leaders to submit the list of team members in order to be eligible for the next round.
</p>
</div>
</div>
</li>
<li class="timeline-inverted">
<div class="timeline-badge success"><i class="glyphicon glyphicon-calendar"></i></div>
<div class="timeline-panel">
<div class="timeline-heading">
<h4 class="timeline-title">Submission Deadline</h4>
<p><small class="text-muted"><i class="glyphicon glyphicon-time">
</i> April 2nd, Online</small></p>
</div>
<div class="timeline-body">
<p>Deadline for team leaders to submit multimedia file to be qualified for the final event (details to be provided below).</p>
</div>
</div>
</li>
<li>
<li>
<div class="timeline-badge warning"><i class="glyphicon glyphicon-calendar"></i></div>
<div class="timeline-panel">
<div class="timeline-heading">
<h4 class="timeline-title">Registration Deadline</h4>
<p><small class="text-muted"><i class="glyphicon glyphicon-time">
</i>March 18th, Online</small></p>
</div>
<div class="timeline-body">
<p>
Deadline for team leaders to submit the list of team members in order to be eligible for the next round.
</p>
</div>
</div>
</li>
<li class="timeline-inverted">
<div class="timeline-badge success"><i class="glyphicon glyphicon-calendar"></i></div>
<div class="timeline-panel">
<div class="timeline-heading">
<h4 class="timeline-title">Final Event</h4>
<p><small class="text-muted"><i class="glyphicon glyphicon-time">
</i> April 13th, TBA</small></p>
</div>
<div class="timeline-body">
<p>6 best teams will be selected to pitch in front of judges and audience. There will be three winners and three runners-up.</p>
</div>
</div>
</li>
<li>
</ul>
</div>
<!-- END TIMELINE AREA -->
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<h4>About us</h4>
<p>Cultivate entrepreneurship by providing resources and the community for ventures to grow and become successful.</p>
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<h4>Get in touch</h4>
<p><i class="fa fa-map-marker"></i> 101 Ukrop Way, Williamsburg, VA, 23185</p>
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<p><i class="fa fa-envelope"></i> <a href="mailto:[email protected]">[email protected]</a></p>
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