Bpc round 2_welcome_speech


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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.)
  • Bpc round 2_welcome_speech

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