Teams submit their entry package consisting of a: cover sheet, registration form, participant agreement forms and a business idea summary including the business concept. A judging committee will choose a maximum of eight semi-finalists from these entries.
Team members present an oral summary or "elevator pitch" to the judging committee. A maximum of five finalist teams will be chosen based on these presentations.
The finalist teams will develop a full business plan for their idea including marketing, pricing and production strategies, detailed financial projections and other relevant business details. Team members will give professional presentations before the judging committee.