Deliver a winning presentation at the 2008 Entrepreneur Conference on June 4, 2008 and compete for space to start your business in the Baiada Center’s state-of-the-art business incubator!  Win cash prizes to be used as seed capital and in-kind service prizes to get the company started!

First Place: $12,000 plus in-kind services prizes
Second Place:  $8,000 plus in-kind services prizes
Third Place:  $4,000 plus in-kind services prizes

Participant Eligibility Requirements

• Qualified competitors will be selected from the top ranking teams in the 2008 Business Plan Competition who meet the following criteria:

  The team must be prepared to start the business in the Baiada Center Business Incubator.
  The team must own the rights to the intellectual property necessary to start the business (details below).

• The team's leader (if a team of two or more) must be a current student (graduate, undergraduate, evening college, executive ed, etc.) of Drexel University, whether on co-op or in classes during the deadline periods.
• There is no limit to the number of teams in which an individual may participate. As long as the team leader is a current Drexel student, other team members are not required to be affiliated with Drexel. Students are encouraged to build teams across schools at Drexel.

Business Eligibility Requirements - All Phases

• The business concept and business plan must be the original work of the submitting team. The submission of a business idea to the Baiada Business Incubator Competition constitutes a representation on the part of all members of the team that the business concept and submission are the original work of the team. If you have doubts about the status of your concept or business, please contact the Baiada Center Team for clarification before entering.
• It is important that you include in your business plan a section entitled “Intellectual Property, Inventions and Technologies,” which deals with the question of rights to commercialize the technologies in question.  Many technologies developed at Drexel are owned by the University, and its permission is required to commercialize them.  Please contact Dr. Robert McGrath in the Office of Research – Technology Commercialization (robert.mcgrath@drexel.edu or 215-895-0303), to determine what permissions may be necessary to commercialize the technology. If the technologies were developed at an institution other than Drexel, Dr. McGrath will refer you to the appropriate representatives of the other institutions.
  
  What can I do with my prize money?
  Winning teams must use the prize money to start the business in the Baiada Center Business Incubator.  In-kind service prizes must be applied to the development of the business described in the winning plan.
  
  Will my entry remain confidential?
  Many of the judges we ask to participate in the Drexel/Baiada Center Competitions are venture capitalists, investment bankers and other financial investment professionals. As a general practice, these financial investment professionals seldom sign confidentiality or non-disclosure agreements. However, participants in the Competition should understand, and can be confident that the judges selected will respect the confidential nature of all submissions and honor the spirit of the Competition.