2006 BBPC MECHANICS AND GUIDELINES
Junior Chamber International
Worldwide Federation of Young Leaders & Entrepreneurs
2006 PHILIPPINE YOUNG ENTREPRENEURS’
BEST BUSINESS PLAN COMPETITION
MECHANICS AND GUIDELINES
OUTLINE:
1. CATEGORIES AND PARTICIPANTS/ENTRIES
2. REQUIREMENTS
3. CRITERIA
4. CONTEST PROPER (Panel presentations)
5. AWARDS AND PRIZES
2006 PHILIPPINE YOUNG ENTREPRENEURS’
BEST BUSINESS PLAN COMPETITION
MECHANICS AND GUIDELINES
The following mechanics and guidelines have been outlined by the Project Organizing Committee of the Junior Chamber International Philippines-Manila (“JCIP-MANILA”) as a guide in the implementation of this competition for 2006.
We trust all concerned will be able to understand and comply with each of these items.
1. CATEGORIES AND PARTICIPANTS/ENTRIES
1.1 Categories of Competition
All profit-oriented businesses, whether traditional or non-traditional product or service companies, institutions, organizations and all non-profit oriented ventures, which usually are set up for social or other non-profit goals, or in which the Business Plan involves a significant impact, integration with or connected to some social pursuit shall compete all under a single category.
1.2 Levels of Competition
This year we shall have two levels, namely:
Level A – OPEN Competition
Level B – Undergraduate Competition (University/College level)
OPEN Competition covers entries of participants from students in Graduate School and/or young Professionals or Entrepreneurs (below the age of 40 years old).
Undergraduate Competition covers entries of participants from students in the Undergraduate College Level and/or Graduates of not more than a year ago may represent their respective schools or universities.
1.3 Selection of Participants and Entries
The invitations for entries are sent to all accredited schools and universities, especially those with Business, Commerce or Entrepreneurship courses, for the Undergraduate Competition. However, graduate degree students will be entered in the OPEN Competition.
Media and press releases and memos sent to DTI SME Centers, local Chambers of Commerce and local JCI chapters (LOMs) will invite all young entrepreneurs and professionals, their members or colleagues to also join the OPEN Level of this competition.
Each entry can be made by an individual student/entrepreneur/professional (the participant) or as a group of students/entrepreneurs/professionals (one group of participants), whether JCI member(s) or not.
Each participating university/school (or in the case of Open level, an organization or company) is entitled to send a maximum of 5 Business Plan entries per level of competition.
Each participating university/school or organization/company is responsible for making their selection process or system, in determining their top entries for this Competition. They are also responsible in ensuring their selected participants understand and abide by the Mechanics and Guidelines of the competition.
The university/school must submit a certification that their participants are indeed students or graduates of their institutions, while an organization/company must present the same as proof of employment/involvement for the entries of their staff/executives. (The same rule follows for any company or JCI chapter (LOM) which may have numerous entries).
2. REQUIREMENTS
2.1 Business Plan
All participants are expected to submit their Business Plans in the format as attached in appendix 1. Any inconsistent formats or outlines will incur point deductions from judges.
The main text of the Business Plan should NOT exceed 20 pages (A4 paper) excluding the front cover, table of contents, the executive summary appendices and disclaimer pages, (if any).
The Appendices should also NOT exceed 15 pages and should be limited to only relevant supporting materials, product/service and industry information and detailed financial projections and assumptions.
All participants are expected to write their text using 12’ font size (either Tahoma or Times New Roman font types), single-space.
The Business Plans must be properly bounded with a clear transparent plastic front cover (for immediate viewing of the Business Plan title and participants’ names) and a hard paper back cover.
Each participant must submit FIVE COPIES of the Business Plan together with one soft copy in a CD.
2.2 Executive Summary
All Business Plans must be accompanied by an Executive Summary NOT to exceed TWO pages (A4 paper). This is to be attached to each of the five copies of the Business Plan.
2.3 Other requirements
Each Business Plan entry must also be accompanied by the following:
a. certification and/or official nomination by the proper university or school official or the President/General Manager of the organization, JCI-P chapter or LOM or company (for non-student Open level participants);
b. photo/picture(s) of the student/s involved as participant/s, for purposes of press release or media and the souvenir program;
c. filled up Entry Forms (as attached in Appendix 2).
d. a joining fee of Php 500.00 per submitted entry to be paid to the Manila Jaycees, Inc. bank account, or by check which can accompany the entry;
e. updated NBI Clearance (for non-students or those in the Open level).
2.4 Deadlines and Competition Schedules
The deadline for submission of requirements for the Regional Finals is on 1 May 2006 at 6:00 p.m.
All entries must be submitted to the following:
Eric D. Pangilinan
Got Hub? Internet
G/F Porta Vaga
Session Road
2600 Baguio City
The following is the Competition schedule:
MAY 20 or 21, 2006 - Regional-Finals (venue to be announced later)
- business plan entries screening and judging only, no need for personal appearance/presentations by participants
JUNE 3, 2006 - National Finals at the Philippine Stock Exchange, Tektite, Ortigas Center, Pasig.
- with personal appearance/presentation by the Finalists, selected during the Regional-Finals; accommodation to be provided in Manila.
ANY CHANGES IN THE DEADLINES or COMPETITION SCHEDULES shall be announced immediately to all participating university/school or organization/company.
3.0 CRITERIA
3.1 Judging Criteria
The judges for the competition will give particular consideration to the following criteria:
Innovative character of the product/service offered: 25%
(incldg. creativity in its delivery and/or its organization)
Feasibility of the project/product/service offered: 25%
(incldg. quality of info provided to support demand
for the product/service and its viability)
Profit/Returns’ projections for the product/service: 30%
(incldg. quality of projections and assumptions, its
attractiveness for investment and funding, etc.)
Contribution to achieve Positive Change in its Industry, sector, or business Endeavour: 20%
The Board of Judges will nominate the entries that will be included in the Special Category. These special entries will be marked and announced during the Final Contest Proper.
The marks above will consist of 80% of the overall points for each entry or participant.
20% of the overall points will come from the judges’ assessment of the presentations and the question-and-answer forum.
3.2 Scoring System
A dual system of score tallying will be implemented. The first tally is based on the Raw Scores of each entry from each judge, and the second is based on the Ranking of each entry from each judge.
The entries will then be ranked according to the above systems. The entry with the best position/s in both systems is declared the winner of the competition.
In case of tie/ties, the Panel of Judges shall discuss and decide on the matter and select the winners/positions. The decision of the Panel of Judges will prevail, and will be considered as Final.
4.0. CONTEST PROPER GUIDELINES
4.1. Presentations
Each participant is given a maximum of 10 minutes to present the highlights of their respective Business Plans. The time allotted includes time for setting up audio-visual presentation by the participants or other activities and tasks the participant/s may do as part of their Presentation. During the presentation, Judges will be writing down 1 question each. Two of which will be picked once the presentation ends.
A 5-minute question-and-answer forum will commence immediately upon after each presentation.
The order of presentations will be done by a drawing of lots by the participants at the beginning of the event.
Each participant is responsible in bringing all necessary items or equipment it may need for their respective Presentation.
(An LCD projector will be provided in the venue. However, each participant must coordinate with the Project Committee of the JCIP-Manila, if ever such equipment will be used during their Presentation.)
4.2 Panel of Judges
Initial Evaluation of entries (Regional Finals) will be screened by the Screening Committee composed of industry professionals, financial experts, businessmen and entrepreneurs. They will be responsible for selecting the Top 17 entries per level that will compete at the National Finals.
During the National Finals, there will be a Panel of Judges (independent of the Screening Committee), who will review the Business Plans and observe/ interview the Participants regarding their Presentations.
The judges will come from various sectors and professions and will be individually introduced before the Contest Proper.
The Panel of Judges, Screening Committee and the Project Committee of JCIP-Manila, shall sign a Non-Disclosure and Confidentiality Agreement on the knowledge of the Business Plans entries submitted.
The decision of the judges will be deemed FINAL.
In case of any protests, a formal complaint must be filed within 24 hours after the competition proper. The written protest should contain legitimate explanation and information to be considered valid and after submission to the Project Committee Chairman of the JCIP-Manila, the Panel of Judges shall announce their final resolution/decision.
5. AWARDS AND PRIZES
5.1 Awards to Winners
The Top Two winners in each level of competition will be recognized as Champion and Runner-up.
Specially-crafted winners’ plaques will be given to the winning entries.
A Certificate of Recognition will also be given to each of the participant/s of the National Finals and Semi-Finals entries.
Cash prizes (and any other prizes in-kind) will be announced later and will be awarded to the winners during the National Finals.
The winning entries will also be proclaimed as official entry of the Junior Chamber International Philippines and of JCIP-Manila. He/ she will represent the country and compete in the Best Business Plan Competition of the World to be held 4th quarter 2006, at the JCI World Conference in Seoul, South Korea.
If successfully chosen as World Finalist/s, He/she is expected to make a presentation during the said World Conference in Seoul (with travel and accommodation expenses paid for by JCI). A cash prize of at least US$ 5,000 will be at stake for the World Best Business Plan Champion.
5.2 Other Opportunities to Winners
The Business Plans of the winning entries may be submitted to all the JCIP-Manila’s Corporate Partners and Sponsors of the 3rd Philippine Young Entrepreneurs’ Business Plan Competition for possible funding and other types of support. (Prior confirmation/agreement from the respective participant/s will be made before releasing their business plan/s).
Background information and highlights may also be made available to the Philippine “Entrepreneur” Magazine, the Manila Bulletin, and other media partners of the JCIP-Manila. TV, internet and print ads are also being negotiated as other means of exposure and recognition.
Of course, unless the participant/s themselves refuse to do so any of the above, the JCIP-Manila will respect the participant/s decision/s or action/s.
Upon consultations with the participants of winning entries, the confidentiality of their respective business plans will also be observed, as to how much and what information can and will be disclosed to any of the above parties.
Worldwide Federation of Young Leaders & Entrepreneurs
2006 PHILIPPINE YOUNG ENTREPRENEURS’
BEST BUSINESS PLAN COMPETITION
MECHANICS AND GUIDELINES
OUTLINE:
1. CATEGORIES AND PARTICIPANTS/ENTRIES
2. REQUIREMENTS
3. CRITERIA
4. CONTEST PROPER (Panel presentations)
5. AWARDS AND PRIZES
2006 PHILIPPINE YOUNG ENTREPRENEURS’
BEST BUSINESS PLAN COMPETITION
MECHANICS AND GUIDELINES
The following mechanics and guidelines have been outlined by the Project Organizing Committee of the Junior Chamber International Philippines-Manila (“JCIP-MANILA”) as a guide in the implementation of this competition for 2006.
We trust all concerned will be able to understand and comply with each of these items.
1. CATEGORIES AND PARTICIPANTS/ENTRIES
1.1 Categories of Competition
All profit-oriented businesses, whether traditional or non-traditional product or service companies, institutions, organizations and all non-profit oriented ventures, which usually are set up for social or other non-profit goals, or in which the Business Plan involves a significant impact, integration with or connected to some social pursuit shall compete all under a single category.
1.2 Levels of Competition
This year we shall have two levels, namely:
Level A – OPEN Competition
Level B – Undergraduate Competition (University/College level)
OPEN Competition covers entries of participants from students in Graduate School and/or young Professionals or Entrepreneurs (below the age of 40 years old).
Undergraduate Competition covers entries of participants from students in the Undergraduate College Level and/or Graduates of not more than a year ago may represent their respective schools or universities.
1.3 Selection of Participants and Entries
The invitations for entries are sent to all accredited schools and universities, especially those with Business, Commerce or Entrepreneurship courses, for the Undergraduate Competition. However, graduate degree students will be entered in the OPEN Competition.
Media and press releases and memos sent to DTI SME Centers, local Chambers of Commerce and local JCI chapters (LOMs) will invite all young entrepreneurs and professionals, their members or colleagues to also join the OPEN Level of this competition.
Each entry can be made by an individual student/entrepreneur/professional (the participant) or as a group of students/entrepreneurs/professionals (one group of participants), whether JCI member(s) or not.
Each participating university/school (or in the case of Open level, an organization or company) is entitled to send a maximum of 5 Business Plan entries per level of competition.
Each participating university/school or organization/company is responsible for making their selection process or system, in determining their top entries for this Competition. They are also responsible in ensuring their selected participants understand and abide by the Mechanics and Guidelines of the competition.
The university/school must submit a certification that their participants are indeed students or graduates of their institutions, while an organization/company must present the same as proof of employment/involvement for the entries of their staff/executives. (The same rule follows for any company or JCI chapter (LOM) which may have numerous entries).
2. REQUIREMENTS
2.1 Business Plan
All participants are expected to submit their Business Plans in the format as attached in appendix 1. Any inconsistent formats or outlines will incur point deductions from judges.
The main text of the Business Plan should NOT exceed 20 pages (A4 paper) excluding the front cover, table of contents, the executive summary appendices and disclaimer pages, (if any).
The Appendices should also NOT exceed 15 pages and should be limited to only relevant supporting materials, product/service and industry information and detailed financial projections and assumptions.
All participants are expected to write their text using 12’ font size (either Tahoma or Times New Roman font types), single-space.
The Business Plans must be properly bounded with a clear transparent plastic front cover (for immediate viewing of the Business Plan title and participants’ names) and a hard paper back cover.
Each participant must submit FIVE COPIES of the Business Plan together with one soft copy in a CD.
2.2 Executive Summary
All Business Plans must be accompanied by an Executive Summary NOT to exceed TWO pages (A4 paper). This is to be attached to each of the five copies of the Business Plan.
2.3 Other requirements
Each Business Plan entry must also be accompanied by the following:
a. certification and/or official nomination by the proper university or school official or the President/General Manager of the organization, JCI-P chapter or LOM or company (for non-student Open level participants);
b. photo/picture(s) of the student/s involved as participant/s, for purposes of press release or media and the souvenir program;
c. filled up Entry Forms (as attached in Appendix 2).
d. a joining fee of Php 500.00 per submitted entry to be paid to the Manila Jaycees, Inc. bank account, or by check which can accompany the entry;
e. updated NBI Clearance (for non-students or those in the Open level).
2.4 Deadlines and Competition Schedules
The deadline for submission of requirements for the Regional Finals is on 1 May 2006 at 6:00 p.m.
All entries must be submitted to the following:
Eric D. Pangilinan
Got Hub? Internet
G/F Porta Vaga
Session Road
2600 Baguio City
The following is the Competition schedule:
MAY 20 or 21, 2006 - Regional-Finals (venue to be announced later)
- business plan entries screening and judging only, no need for personal appearance/presentations by participants
JUNE 3, 2006 - National Finals at the Philippine Stock Exchange, Tektite, Ortigas Center, Pasig.
- with personal appearance/presentation by the Finalists, selected during the Regional-Finals; accommodation to be provided in Manila.
ANY CHANGES IN THE DEADLINES or COMPETITION SCHEDULES shall be announced immediately to all participating university/school or organization/company.
3.0 CRITERIA
3.1 Judging Criteria
The judges for the competition will give particular consideration to the following criteria:
Innovative character of the product/service offered: 25%
(incldg. creativity in its delivery and/or its organization)
Feasibility of the project/product/service offered: 25%
(incldg. quality of info provided to support demand
for the product/service and its viability)
Profit/Returns’ projections for the product/service: 30%
(incldg. quality of projections and assumptions, its
attractiveness for investment and funding, etc.)
Contribution to achieve Positive Change in its Industry, sector, or business Endeavour: 20%
The Board of Judges will nominate the entries that will be included in the Special Category. These special entries will be marked and announced during the Final Contest Proper.
The marks above will consist of 80% of the overall points for each entry or participant.
20% of the overall points will come from the judges’ assessment of the presentations and the question-and-answer forum.
3.2 Scoring System
A dual system of score tallying will be implemented. The first tally is based on the Raw Scores of each entry from each judge, and the second is based on the Ranking of each entry from each judge.
The entries will then be ranked according to the above systems. The entry with the best position/s in both systems is declared the winner of the competition.
In case of tie/ties, the Panel of Judges shall discuss and decide on the matter and select the winners/positions. The decision of the Panel of Judges will prevail, and will be considered as Final.
4.0. CONTEST PROPER GUIDELINES
4.1. Presentations
Each participant is given a maximum of 10 minutes to present the highlights of their respective Business Plans. The time allotted includes time for setting up audio-visual presentation by the participants or other activities and tasks the participant/s may do as part of their Presentation. During the presentation, Judges will be writing down 1 question each. Two of which will be picked once the presentation ends.
A 5-minute question-and-answer forum will commence immediately upon after each presentation.
The order of presentations will be done by a drawing of lots by the participants at the beginning of the event.
Each participant is responsible in bringing all necessary items or equipment it may need for their respective Presentation.
(An LCD projector will be provided in the venue. However, each participant must coordinate with the Project Committee of the JCIP-Manila, if ever such equipment will be used during their Presentation.)
4.2 Panel of Judges
Initial Evaluation of entries (Regional Finals) will be screened by the Screening Committee composed of industry professionals, financial experts, businessmen and entrepreneurs. They will be responsible for selecting the Top 17 entries per level that will compete at the National Finals.
During the National Finals, there will be a Panel of Judges (independent of the Screening Committee), who will review the Business Plans and observe/ interview the Participants regarding their Presentations.
The judges will come from various sectors and professions and will be individually introduced before the Contest Proper.
The Panel of Judges, Screening Committee and the Project Committee of JCIP-Manila, shall sign a Non-Disclosure and Confidentiality Agreement on the knowledge of the Business Plans entries submitted.
The decision of the judges will be deemed FINAL.
In case of any protests, a formal complaint must be filed within 24 hours after the competition proper. The written protest should contain legitimate explanation and information to be considered valid and after submission to the Project Committee Chairman of the JCIP-Manila, the Panel of Judges shall announce their final resolution/decision.
5. AWARDS AND PRIZES
5.1 Awards to Winners
The Top Two winners in each level of competition will be recognized as Champion and Runner-up.
Specially-crafted winners’ plaques will be given to the winning entries.
A Certificate of Recognition will also be given to each of the participant/s of the National Finals and Semi-Finals entries.
Cash prizes (and any other prizes in-kind) will be announced later and will be awarded to the winners during the National Finals.
The winning entries will also be proclaimed as official entry of the Junior Chamber International Philippines and of JCIP-Manila. He/ she will represent the country and compete in the Best Business Plan Competition of the World to be held 4th quarter 2006, at the JCI World Conference in Seoul, South Korea.
If successfully chosen as World Finalist/s, He/she is expected to make a presentation during the said World Conference in Seoul (with travel and accommodation expenses paid for by JCI). A cash prize of at least US$ 5,000 will be at stake for the World Best Business Plan Champion.
5.2 Other Opportunities to Winners
The Business Plans of the winning entries may be submitted to all the JCIP-Manila’s Corporate Partners and Sponsors of the 3rd Philippine Young Entrepreneurs’ Business Plan Competition for possible funding and other types of support. (Prior confirmation/agreement from the respective participant/s will be made before releasing their business plan/s).
Background information and highlights may also be made available to the Philippine “Entrepreneur” Magazine, the Manila Bulletin, and other media partners of the JCIP-Manila. TV, internet and print ads are also being negotiated as other means of exposure and recognition.
Of course, unless the participant/s themselves refuse to do so any of the above, the JCIP-Manila will respect the participant/s decision/s or action/s.
Upon consultations with the participants of winning entries, the confidentiality of their respective business plans will also be observed, as to how much and what information can and will be disclosed to any of the above parties.
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