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Vincent Hosang UWI Venture Competition Rules and Guidelines


  1. Each team should have a minimum of four and maximum of five members.

  2. At least one member of the team must be a MBA or graduate student. Other members of the team could be from any discipline or undergraduate students (we encourage you to include two students who are juniors or first year graduate students).

  3. Non-students may be members of the management team and participate in planning the venture; however, only students may participate in the competition. In other words, only students may present the plan and answer questions from the judges.


  5. Remember, you will be making presentations in front of judges and venture capitalists. You, through your business plan, are expected to ask for at least US$500k investment from the potential investors.

  6. Students are free to develop business plans based on any viable business opportunities. However, they are encouraged to exploit available technology applicable to that business.

  7. Two (2) copies of your written business plans must be submitted to the Mona School of Business and Management.

  8. Deadline for the submission of business plans for the Vincent Hosang UWI Venture Competition 2014 is Friday, November 14, 2014.

  9. The winning team from the Vincent Hosang UWI Venture Competition will represent the UWI in the main competition in Atlanta, April 2015.




  1. All ventures must be seeking outside equity capital.

  2. The competition is for students enrolled in the current academic year.

  3. The competition is for new, independent ventures in the seed, start-up or early stage. Generally excluded are the following: buy-outs, expansions of existing companies, real estate syndications, tax shelters, franchises, licensing agreements for distribution in a different geographical area, and spin-outs from existing corporations. The licensing from universities or research labs of technologies that have not been commercialized previously is not excluded and is encouraged.

  4. The competition is for student created, managed and owned ventures. In other words, students are to have played a major role in conceiving the venture, to have key management roles and to own significant equity. An equity position of less than 20% will be suspect and require the students to show evidence that they were a major cause in the venture creation. One objective of this rule is to exclude ventures formed and managed by non-students who have given token equity to MBAs for writing their business plan.

  5. Ventures with revenues in prior academic years are excluded. The history of a team member working on an idea or new technology in previous academic years or even prior to entering graduate school does not exclude a venture, if there were no revenues prior to the current academic year.

  6. The business plan must represent the original work of members of the team and be prepared under faculty supervision; ideally, the business plan will be prepared for credit in a regularly scheduled course or as an independent study.

Written Business Plan

  1. Plans must be limited to 25 (typed and double-spaced) pages of text, including the executive summary and summary financial data. Detailed spreadsheets and appropriate appendices should follow the text portion of the plan. In total, the plan should be no longer than 40 pages.

  2. Financial data should include a cash flow statement, income statement, and balance sheet. Include an explanation of the offering to investors indicating how much money is required and how it will be used. Also, delineate the possible exit strategies.

  3. Appendices should be included only when they support the findings, statements and observations in the plan. Because of the number of teams in the competition, judges may not be able to read all the appendices. Therefore, the text portion of the plan (25 pages) must contain all pertinent information in a clear and concise manner.

  4. Judges will use the three-part Judge's Evaluation Form.
    • Part I is designed to help assess the written business plan focusing on key elements and the effectiveness of the summary financial data.

    • Part II assesses the poise and professionalism of the presentation.

    • Part III evaluates the perceived viability of the venture. This quantitative assessment is meant to complement, not replace, the qualitative evaluation of the judges in their determination of winners.
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