The Pacific Asian Center for Entrepreneurship

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Rules

HOW TO ENTER

  • To enter the UH Business Plan Competition, the designated team leader should complete the online registration form by February 9, 2018

ELIGIBILITY

  • This competition is intended for University of Hawaii students (from any of the 10 campuses). Therefore, all teams must have at least one currently-enrolled, classified, University of Hawaii student. Proof of student status (copy of valid student id card or registration receipt) will be required. The University of Hawaii student must play a key role in composing the business plan and do majority of the oral presentation. 
  • All teams must have at least two but not more than five members.
  • Individuals may only be a member of one team per annual competition.

ENTRY CRITERIA

  • All entries must be for new companies or existing companies less than one year old. Businesses may be either for-profit or not-for-profit.
  • Entries that were previously submitted may not be submitted again in subsequent years.
  • All entries must be original. Copying of third-party business plans or any other unauthorized use of third-party confidential or proprietary information will not be tolerated.
  • Proposals for buy-outs, real estate syndication, tax shelters, franchises, merger/acquisitions, consulting projects, or licensing arrangements will not be considered.
  • No entry may be submitted on the condition that judges, reviewers, audience members, or staff members sign non-disclosure agreements.

KEY DEADLINES

Make sure to meet all key deadlines which can be found on the business plan competition timeline.

MESSAGE BOARD

A competition message board is set up for you to find a team or find other team members. The board is updated regularly and all messages are subject to editing.

PRIZES

  • Substantial cash prizes will be awarded to the highest scoring teams.
  • These awards are taxable. 
  • Each team winning a prize will have sole responsibility for deciding how to allocate or otherwise use its prize proceeds. The organizers of the Competition will not become involved, either voluntarily or by request, in a team's decision concerning the allocation or use of prize proceeds. The prize recipients will be required to provide appropriate documentation to receive the award payments which may include W9, WH1 or W8BEN forms.

COACHES

Teams will gain access to mentors who can advise during the business plan process and business pitch preparation. 

JUDGES

Competition judges will be drawn from a pool of volunteers with a variety of backgrounds, including venture funding, law, accounting, marketing and general business.

ACADEMIC CREDIT

Participation in the competition does not qualify for academic credit at this time.

CONFIDENTIALITY

The University of Hawaii Honor Code applies to all participants of the UH Business Plan Competition. If you feel that significant confidentiality issues will arise in the course of preparing your plan, you should have a thorough understanding worked out with your team members in advance. While every effort will be made to preserve the confidentiality of each submission, it is suggested that highly sensitive material be excluded from the entry if a team is concerned about the confidentiality of such material. Note, however, that teams will be making presentations to a public audience. Any data or information discussed in the presentation should be considered information that may enter the public realm. Of course, technical drawings and formulae need not be shown in the presentations, or even included in the business plan. All reasonable measures to ensure the protection of intellectual property introduced and associated with the Competition will be taken. The University of Hawaii and the organizers of the UH Business Plan Competition cannot take further responsibility to protect the intellectual property or other rights of the competitors. Protection of such rights is ultimately the responsibility of each Competitor. Competitors are urged to mark as "CONFIDENTIAL" any portion of their entries which they consider to be confidential.

AGREEMENTS

All team members agree to allow the University of Hawaii and the Pacific Asian Center for Entrepreneurship (PACE) to record all public sessions of the Competition. Entrants understand that recordings may be copied and distributed for the purpose of marketing the competition in future years.
The judges’ decisions are final, and teams may not make appeals or complaints against the judges, organizers, sponsors, the Shidler College of Business, or the University of Hawaii.
The competition rules may be amended at any time. The then-current rules will be posted to the competition website.