Women in Business Innovation Competition| Harvard Undergraduate

Extended Application Deadline: September 8 2013
The HUWIB Innovation Competition aims to support the innovative vision of college students around
the world. The program provides a network of resources including mentorship, funding, and peer connection to launch the next great idea. One unique focus of the competition is advocacy and support for women in the field of entrepreneurship. Teams must be comprised of at least 50% female, and ideas with focus toward the advancement of women will be given special consideration.
HUWIB’s Innovation Competition is designed to promote both social enterprise and innovative business vision among undergraduates. Since its inception in 2009, the competition has rewarded innovation and collaboration by funding and guiding teams of students to design enterprising business proposals.
At the annual Intercollegiate Business Convention (IBC), a globally-recognized conference hosted by HUWIB, competition finalists will have the opportunity to present their ideas to a panel of qualified judges who then announce the winner at IBC. Winners not only receive a monetary prize of $10,000, but also build a network of peers and mentors who can help them continue to develop their ideas beyond the competition.
Moreover, given the wide reach of IBC, which gathers over 1000 students from top universities around the world and attracts notable speakers and panelists such as Diane von Furstenberg and Anne Sweeney, winners also benefit from public recognition. Past winners have included Lauren Braun, a Cornell University graduate who invented a bracelet device to track immunizations of infants in underserved communities, and Molly Yang, a Harvard College student who created IdeaMash.com, a social network that connects students with potential collaborators on campus.
The competition is separated into two distinct categories: commercial entrepreneurship and social entrepreneurship.

Commercial Entrepreneurship

The commercial entrepreneurship category is targeted toward innovative ideas focusing on tapping market potential and making profitable return. Unlike small businesses, we look for startups with a scalable business model that aim to change the world. This category would include plans within the technology, service, and product sectors. The criteria for judging in this

category are:

• Innovation

• Feasibility

▪Profit potential

•Scalability

•Value adding to consumers

Social Entrepreneurship

This category rewards impactful social enterprise ideas with a positive impact to society or to facilitate a desired social change. The idea can take a variety of forms, from advocacy to facilitating collaboration to new technology. The plan can be a for-profit, non-profit, or hybrid model, and can occur within or across the nonprofit and business sectors. The criteria for judging in this category are:

•Innovation

•Feasibility

•Sustainability

•Social impact

Prizes

The first place winner of the 2013 Innovation Competition will receive a monetary award to implement her business plan, as well as the opportunity to be recognized for her idea in front of all the 1000 participants and guests of the IBC 2013 at the closing ceremonies. The runner up will also receive an award an recognition at the closing ceremonies. The winner and finalists will receive exposure to and opportunity to network with corporate leaders, investors, entrepreneurs, students, and more at IBC and through HUWIB outlets.

Innovation Competition at IBC

Up to six teams of finalists will have the opportunity to interact with a number of successful social entrepreneurs at a special IBC Innovation breakout session. The session will include a number of workstations where participants can interact with, and learn from, entrepreneurs in key areas that that will benefit their businesses.
The sessions may include; “financing your start-up,” “measuring your social impact,” and “balancing school & a new business.” Competition participants will also have the opportunity to showcase their products and ideas to IBC guests and attendees at “The Innovation Fair” at IBC.
Requirements & Rules

Team requirements

• Participant Ages 18-24

•Teams of 2-6 members

-must be at least 50% female

•All teams must register for and plan on attending the Intercollegiate Business

Convention on October 5th, 2013 at the Hynes Convention Center, Boston.
Finalists will be provided free tickets to IBC but HUWIB will not cover any transportation costs. Teams that are unable to do so will be disqualified.

• Participants need not have implemented their proposal; however, if they have begun implementation, it must be under one year since inception to remain qualified.

Competition Setup and Rules

•Students must submit their business plans in the form of a PowerPoint Presentation between May 1st, 2013 and the final deadline of  September 8, 2013 to be considered.

• Presentations must be no longer than 15 slides and must attempt to address most of the questions under the judging criteria (see under Judging section).

• Depending on which category applicants apply to, plan must fulfill the definition and description of “Commercial Entrepreneurship” and “Social

Entrepreneurship” as mentioned above.

• In addition to a PowerPoint Presentation, each group must submit an animated graphic or a video (max length 2 mins). Half of judging for first rounds will be based on a public online voting system where the group with

most views/likes will score higher. The other half of judging will be based on the discretion HUWIB’s Executive Board.

• Four to six teams will be selected to present their ideas at the Finale Event at IBC 2013 on October 5th. These teams will need to prepare a 5 minute “pitch” for the event, and be prepared for up to 5 minutes of questions from a panel of judges.

For more information please contact HUWIB Entrepreneurship Co

- Directors Kyi Zar Thant kyithant@college.harvard.edu and

Sierra Fan sierrafan@college.harvard.edu

The info packet will give detailed information about the competition.
The competition APPLICATION can be found here Applicants have until September 8th, 2013 to apply!
See More Information:
here