Bpc round 2_welcome_speech

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20K female business plan competition, Round 2 - Award ceremony (including details on Round 3)

20K female business plan competition, Round 2 - Award ceremony (including details on Round 3)

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  • Good morningeveryone and welcome to the awardceremony of the second round of ourfemaleBPC’s second edition.I wouldlike to start by presenting the members of our jury whodevotedtheir time to evaluating the new venture ideas of our 12 finalists. First, we have Inge Geerdens, CEO of CV Warehousewhichoffers an online recruting solution for bothpotentialemployers and employees. Sheisjoined by Karin Van der Ven, CEO of Jules&You, offering a network of customized services catering the needs of studentscurrently and winner of last year’s main prize in the female BPCAlsopresentis Simone Van der Steen, whois the senior economicspolicyofficerat the city of Maastricht and therefore the one weneed to thank for being able to runthiscompetition to beginwith.The twoother jury memberswho are unfortunatelyunable to attend today are Marielle heijltjens, Professor in ManagerialBehaviorat UMBS and Marijn Pijnenborg, entrepreneur (founder of Zomoto) and investor.
  • The Business Plan Competition for women In establishing and growing their businesses
  • A feasibility study is designed to provide an overview of the primary issues related to a business idea. The purpose is to identify any “make or break” issues that would prevent your business from being successful in the marketplace. In other words, a feasibility study determines whether the business idea makes sense. A thorough feasibility analysis provides a lot of information necessary for the business plan. For example, a good market analysis is necessary in order to determine the project’s feasibility. This information provides the basis for the market section of the business plan. Because putting together a business plan is a significant investment of time and money, you want to make sure that there are no major roadblocks facing your business idea before you make that investment. Identifying such roadblocks is the purpose of a feasibility study. 1) Feasibility studies are preliminary investigations into the potential benefits associated with undertaking a specific activity or project. The main purpose of the feasibility study is to consider all factors associated with the project, and determine if the investment of time and other resources will yield a desirable result.2) When a business is considering a new operation or the launch of a new product, the feasibility study is a logical tool to employ before any resources are invested in the new project. One of the most important aspects of the study is to make sure that the total investment needed to successfully bring the project to completion is considered. Often, this will include addressing components such as cash reserves, labor, construction, production facilities, outsourcing, and the cost of raw materials. Only when the feasibility study has addressed the total cost of completing the project can the study progress to the next level.3) the feasibility study will also address costs and other factors that are indirectly associated with the project. In the instance of creating a new product for sale, this second phase will look into the costs associated with reaching and cultivating a consumer base for the new product. The overall idea of these preliminary studies is to ensure that there is a reasonable understanding of what will be required to both create the new product and also successfully market the finished goods at a profit.
  • Market feasibility: includes a description of the industry, current market, anticipated future market potential, competition, sales projections, potential buyers, etc.Technical feasibility: Details how candidate will deliver a product or service Business/management feasibility: Defines the legal and corporate structure of the business (may also include professional background information about the founders and what skills they can contribute to the business)Economic and financial feasibility:  Projects how much start-up capital is needed, sources of capital, returns on investment, etc.Exit strategy feasibility: What types of exit strategies would be most appropriate for the venture? (Potential buyers etc.)

Transcript

  • 1. Second round: Best feasibility study
    VeroniekCollewaert
    Maastricht Centre for Entrepreneurship
  • 2. Jury
    Inge Geerdens: CEO ofCVWarehouse
    Karin Van der Ven: CEO Jules & You
    Simone van der Steen: Senior Economics Policy Officer atthe City of Maastricht
    Mariëlle Heijltjes: Full Professor ofManagerialBehaviour
    Marijn Pijnenborg: OwnerofBoralis and CTO / Co FounderofZomoto
  • 3. Agenda
    10:00 – 10:15Welcome speech by Dr. VeroniekCollewaert,
    Assistant Professor in Entrepreneurship
    School of Business and Economics, Maastricht Centre for Entrepreneurship
    10:15 – 10:30 YouNoodle, Public Vote by Dariusch
    10:30 –11:15Top 5 candidates Pitches
    11:30 –11:45Award ceremony
    11:45 Networking
  • 4. Introduction
    Attracts the innovative minds of Limburg’s institutions of higher education
    Challenge their creativity and capacity in business and innovation
    Create and support successful female entrepreneurs that take charge of their own destinies
  • 5. The role of the MC4E
    Discover your entrepreneurial talent
    Act on entrepreneurship with ongoing events
  • 6. The importance of a feasibility study
    Preliminary analysis of a project that determines whether
    • to proceed with a project or not
    • 7. the business idea makes sense
    Logical tool to employ before any resources are invested
     identify any “make or break” issues
     Understanding of what will be required to create and successfully market a new product/service at a profit
    Overview of the primary issues related to a business idea
  • 8. Judging criteria
    Market feasibility
    Technical feasibility
    Business/ management feasibility
    Economic and financial feasibility
    Exit strategy feasibility
  • 9. Finalists
    Paintball Cross
    Undiscovered Souls
    SOS Music Education
    Artistic Innovation Broker
    Cinderellas
  • 10. 20K Business Plan Competition for Women
    Round 1: Idea generation – Prize €500
    Round 2: Feasibility study – Prize €1 000
    Round 3: Business plan - Prize €20 000
    What’s next?
  • 11. Round 3: Business Plan
    1 wild card
    Winner of Public video vote
    Write a Business plan of max 20 pages including:
    Top 6 pitch @ award ceremony
    • Executive summary
    • 12. Management team/ Founders biographies 
    • 13. Marketing 
    • 14. Business system 
    • 15. Realization schedule 
    • 16. Risks 
    • 17. Financial projections 
    Best 5 Business plans
    evaluated by the judging panel
  • 18. Schedule 1st March- 13th May
    8th
    14th
    6th
    13th
  • 19. Find all members, start ups etc.
    Join group
    Submit business plan
  • 20. Overview
    Start Up Logo
    Start up name and one liner
    Team members
    Paste your Youtube/ Vimeo link
    General description
  • 21. Public Vote
  • 22. Good Luck
    • Workshop 2: Preparing a Business Plan
    • 23. By Dr. ing. W. Bodewes
    • 24. March 16th (4PM-6PM)
    • 25. Registration required @
    http://20k-workshop.eventbrite.com/
    Thank you for your participation!