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The most creative, original, and viable of these
ideas win substantial cash prizes. The competition is
also a great chance to learn about the entrepreneurial
process and to experience first hand some of the issues
that accompany the development of an idea into a viable
business. Who knows, maybe with a bit of luck some of
these ideas will actually go on to become successful new
ventures.
View past winners here.
How do I enter?
To enter the competition, you must submit an idea to
start a business. The idea can be anything but it must
be the original work of entrants. The proposal must be
6 pages minimum and should preferably be typed. This
is an idea-generation competition and exhaustive
research is not required. However, for the purposes of
adding some rigour to your entry, you should try to
consider some of the following questions in your
proposal:
- Outline of your teams idea. What is your idea? What is unique or special about
this idea?
- Market analysis. Is there a market for your product/service?
- Financial analysis (P&L, Balance Sheet)
- Who are your likely competitors?
- How will you be different from these competitors?
- Who are your customers?
- How will you sell this product/service?
But remember, your ultimate challenge is to convince
the panel of judges - who are drawn from the business
community and academia - that this is a good idea. In
other words, your entry should be creative, innovative,
clearly communicated, and above all, it should have a
realistic chance of success in the marketplace (i.e. no
flying cars please.).
Be sure to mention in your entry the name, contact
number/address, academic faculty and year of all team
members. The deadline for submitting your entry is 17th
March 2005, at 5 p.m.. No entries submitted after 5p.m.
will be accepted. Winners will be notified before the
summer holidays.
Entries should be sent to or dropped off at:
Entrepreneurship Societys Box, Boole Library, U C C or
alternatively you can submit
your entry online here or preferably to the following e-mail address: pat.cronin@esoc.ie.
What are the prizes?
The total prize fund is a guaranteed 1000 euro.
Their will be a grand prize of 600* euro for the winner, second
prize is a 250* euro cash prize and third will recieve a
150* euro.(*=This is subject to change.)
Who is eligible to enter?
All full-time and part-time UCC students at all
levels of education and from any department, registered
in the academic year 2004/05 are eligible to enter.
A minimum of two people MUST be on each team. The size of a team is not
restricted, and neither is the number of entries
submitted by a team. Please note:
Unfortunately, we are unable to return proposals so you
are advised to retain a copy of your entry. For more
information or clarification feel free to contact any
member of the Commitee or
email information@esoc.ie.
Conditions
- Confidential information will not be made public
without the entrant(s) consent.
- The judges decision is final.
- The judges reserve the right not to make an award
in any category.
Judging
The judging panel will consist of 5 people, two of
which will be members of the ESOC Committee, 2 of which
will be members of the UCC Enterprise Board and one
member from The South Cork
Enterprise Board.
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