Teams in the Business Plan Competition must comply with the following criteria to be eligible for the competition.
- Teams entering the University of Washington’s Business Plan Competition must have at least one full-time or part-time student on the team who is enrolled in a degree seeking program at an accredited college or university in Washington state. If you graduated in Summer quarter 2016 or later, you are considered a current student in the competition.
- The business plan must be developed during the student’s tenure at the university. Students working with outside entrepreneurs must create an original business plan.
- All submissions to the Business Plan Competition must live up to the higher ideals of the University of Washington. Your idea must be appropriate for a university-sponsored event. The Buerk Center reserves the right to disqualify any entry that in its judgment violates the letter or the spirit of the competition or exceeds the bounds of social convention.
- If the company is revenue positive, the company’s actual annual revenue cannot exceed $500k. Please note this is different than the company’s projected revenue. This rule does not apply to projected revenue.
- Eligible students can form a team with non-student business community members or alumni, but there are restrictions to this involvement (see below).
- In the Investment Round, no more than four team members, including both students and non-students, can present the new business concept to the judges. In the Sweet Sixteen and Final Rounds of the competition, only student team members will be allowed to make presentations to the judges.
- Students must have an ownership stake in the business or the potential for equity or employment.
- Only student members of a team may use the MentorConnect and Office Hours resources. Non-student members may not reach out to mentors nor should they attend any Office Hours appointments, even if accompanied by a student. These resources are for students only.
- Only student team members are eligible to earn prize money. No payments will be made to non-students.
Note: The Director of the Buerk Center for Entrepreneurship reserves the right to make the final determination of the eligibility of submitted business ventures.
The UW Business Plan Competition considers all submitted business plans as confidential and treats all team matters accordingly. However, we cannot guarantee complete confidentiality for proprietary matters.
Therefore, we strongly encourage any team with concerns regarding intellectual property, copyright, or patent confidentiality to either contact their University’s intellectual property office (for University-developed discoveries) or competent legal counsel (for non-University related discoveries). The University of Washington, the Buerk Center for Entrepreneurship, the Foster School of Business, and the organizers of the competition are not responsible for any proprietary information and/or intellectual property included in a submitted business plan.
Ultimately, protection of sensitive materials is the sole responsibility of the individual or team participating in the competition.