New Venture Competition Finals May 22, 2013 3:00 - 7:00 PM Corwin Pavilion, UC Santa Barbara Register Now UC Santa Barbara's Technology Management Program invites you to join us at our 14th Annual New Venture Competition Finals. Come celebrate and support new venture creation while listening to some of UC Santa Barbara's most outstanding young entrepreneurs present their ideas and innovations. New Venture Competition Finalists Asta Fluidic Technologies Gain Changer Komodo Toys MyConciergeMobile Napses PolySpectra We want to congratulate ALL of the teams who participated in the New Venture Fair. 2013 New Venture Fair Teams 2012 NVC Winners UCTV: 2012 NVC Finals UCTV: 2011 NVC Finals

2012 - 2013 New Venture Competition Timeline

2013 Rules and Information [Download]

Structure of the Competition

The NVC begins in November with an initial orientation meeting and culminates in May with the Finals event. In 2012 over 150 students and 46 teams began the competition, with 6 teams advancing to the Finals. A detailed timeline for the 2013 competition can be found on the "timeline" tab. The competition is organized as follows:

• NVC Registration and Management
For the first time this year, NVC registration and document submission will be online. Each NVC participant should register individually at http://nvc2013.istart.org. The deadline for individual registration is November 26, 2012.
Anyone who wants to participate in the NVC must register by the deadline. However, submitting an business idea is not required; an NVC participant can choose to participate on a team built around someone else's idea.

• Stage 1: Business Idea Formation
New for this year, the month of November will be dedicated to business idea generation, separating good ideas from bad, and making a compelling business case for the idea in a two-page summary and with a brief spoken pitch. This preliminary round is more of an individual exercise than a team activity, although social events will be held to encourage the formation of teams. Each individual will be allowed to submit five business ideas for consideration. Business ideas must be submitted by December 7, 2012 using http://nvc2013.istart.org.

• Business Idea Selection
The NVC Steering Committee will select the business idea submissions to move on to Stage 2 of the NVC. The evaluation criteria include—but are not limited to—viability of the underlying business, potential of any unique technology involved, novelty of the business model, and creativity of the submission. There is no set limit for the number of ideas to be advanced, but the NVC Steering Committee expects to approve 20-25 ideas. If an individual submits multiple business ideas, only one idea per individual will be advanced. If none of an individual's ideas are selected, that that individual can seek a team to join in the next stage.

• Stage 2: New Venture Seminars
The second stage begins with team formation, in which anyone who registered to participate in the NVC can find a team to join. During this stage competing teams must attend semi-weekly morning seminars and advising sessions. These sessions will address key elements of the required submission materials, including business modeling, market validation, marketing & product development, teams, financial projections, and investor pitch. Teams will be assigned a mentor whom they will be expected to meet with on a weekly basis in person, electronically or by phone. This stage culminates in the New Venture Fair (Semifinals).

• New Venture Fair (Semifinals)
This well-attended event requires the selected teams to present their business ideas in a trade-show format to a large group of attendees chosen from the local business/investment/academic community. Teams will be evaluated against each other on the basis of their performance at the New Venture Fair as well as written submissions. A small group of teams will then be selected at the conclusion of the event to compete in the NVC finals. Only those teams will progress beyond this stage.

• New Venture Finals
This special televised event requires the finalists to present their business ideas on stage to a large live audience and a set of independent judges. An awards presentation will be conducted at the conclusion of the event.

Eligibility and Expectations of Participants

The NVC is intended to be a competition for UCSB students to explore the potential for their original business ideas. The following are guidelines relating to eligibility:
• Students may participate in teams of two to six. No one-person teams will be allowed this year.
• All UCSB students who are registered for classes at some point during the academic year in which the competition is held are eligible to participate.
• Teams may include non-students but only by the written consent of the NVC organizers. The non-student members must comprise a minority of the team membership. Only registered students will be eligible to participate directly in the judged events (semifinals and finals).
• Teams that have received cash funding (debt or equity) must disclose source and amount on registration form.
• Only student team members are eligible to earn prize money. No payments will be made to non-students. Prizes will be awarded only to participants who have a current UCSB PERM number and/or BARC account (please note these awards may have implications for certain types of financial aid, and students should consult the financial aid office prior to entry to clarify these implications if necessary.)

In addition, eligible teams are expected to abide by the following rules:
• Participants may seek advice from any source, but the submission materials must be the original creation of the team members, and all members must be prepared to define and defend the business concept and model.
• Attendance at the Fall Quarter events is not mandatory but strongly encouraged.
• Starting in January, team attendance at all scheduled events is mandatory. Failure for any team to be represented (by at least one team member) on more than two (2) dates will eliminate the team from the competition.
• The proposed product or business concept must not be in willful violation of any intellectual property rights. For student teams wishing to commercialize intellectual property developed in the course of campus research activities, additional disclosures and permissions may be required as documented in the entry form (this relates primarily to graduate student researchers and post-docs).
• Participants are not to contact the Judges from any round and those Judges are not to contact any participants during the course of the competition. If any participants are found to be in contact with any of the NVC Judges, the result will be a team disqualification.
• All team entries to the NVC must live up to the higher ideals of UC Santa Barbara and must be appropriate for a university-sponsored event. The NVC organizers reserve 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.

UCSB and the NVC organizers recognize that no set of rules can apply to every circumstance and therefore reserve the right to update, add, or subtract from these guidelines at any time.

Evaluation Criterion and Information on Awards/Prizes

In Stage 2, Teams must elect to compete in one of two evaluation tracks: a "Market Pull" track, or a "Tech Push" track. The "Tech Push" track typically involves commercializing a new technology or scientific breakthrough that may be in its nascent stages of development and hence requires a significant investment of time and resources, and may not address an existing market demand. The "Market Pull" track is appropriate to new ideas that can address an existing customer need with a comparatively small investment of time or resources.

Teams will only compete directly against other teams within their associated evaluation track. The written submissions (Executive Summary, Business Model, Financials) and Oral presentations will be evaluated along the following criteria:
• Attractiveness of business model
• Quality of product(s), service(s) and/or solution(s)
• Market opportunities and competition
• Quality of the team and management structure
• Overall attractiveness of the venture and associated submission materials

In the semi-finals, a panel of judges will be selected by the NVC organizers to determine which of the semi-finalists will advance to the finals round. It is anticipated that no more than three teams will advance in each award category. In the finals, a panel of three to five independent judges will select 1st, 2nd, and 3rd place awards within each evaluation track, as well as a Grand Prize. In addition the live audience will select a People's Choice Award. A team may win a maximum of $12,500 (1st place in their track, grand prize and People's Choice).

The value of the prizes is subject to change but cash awards are anticipated as follows:

Market Pull
1st Place: $5000
2nd Place: $2500
3rd Place: $1000

Tech Push
1st Place: $5000
2nd Place: $2500
3rd Place: $1000

Grand Prize: $5000
People's Choice: $2500

In addition, some awards will be accompanied by in-kind support from certain sponsors who offer services (e.g. legal, accounting, signage, space rental) to new ventures. Additional detail on those in-kind awards will be posted prior to the finals event.

November 6 Tuesday	Mentor Orientation ESB 1001, 6:30 - 7:30 pm Mentors, Please register here: http://nvcmentororientation.eventbrite.com
November 7 Wednesday	Student Orientation Broida 1610, 7:00 - 8:00 pm Obtain information on competition guidelines, schedule of events and an outline for business idea proposal. Hear about where past winners are now.
November 13 Tuesday	Seminar 1 - Looking for Light Bulbs: Elements of a Good Business Idea ESB 1001, 7:30 - 8:30 am
November 16 Friday	Business Idea Social ESB 1001, 6:00 - 8:00 pm Meet and network with prospective team members and local business professionals. Individuals will pitch their ideas and begin forming teams. http://nvc2013businessideasocial.eventbrite.com
November 20 Tuesday	Seminar 2 - Business Identity & Value Proposition ESB 1001, 7:30 - 8:30 am
November 28 Wednesday	Elevator Pitch Social ESB 1001, 6:00 - 8:00 pm
December 7 Friday	Individual Competitor Registration and Business Idea Submission Online: 5:00 pm deadline All individuals must submit an individual registration form with all requested information through IStart. Teams must submit their Business Idea information through IStart. This includes: business name, logo (optional), tag line, two-page description, and tentative team member names (if available).
December 14 Friday	Semi-Finalists Announcement Teams will be announced online.
January 9 Wednesday	Team and Mentor Mixer ESB 1001, 6:00 - 8:00 pm Teams & Mentors will meet to determine competitor mentorships.
January 14 Monday	Final Team Roster Online: 5:00 pm deadline
January 16 Wednesday	Seminar 3 - Business Models 1: Canvas ESB 1001, 6:30 - 7:30 pm
January 22 Tuesday	Seminar 4 - Business Models 2: Environment ESB 1001, 7:30 - 8:30 am
January 29 Tuesday	Seminar 5 - Marketing 1: Sizing a Market ESB 1001, 7:30 - 8:30 am
February 5 Tuesday	Seminar 6 - Marketing 2: Product & Promotion ESB 1001, 7:30 - 8:30 am
February 6 Wednesday	Seminar 7 - Marketing 3: Market Validation ESB 1001, 6:30 - 7:30 pm
February 12 Tuesday	Seminar 8 - Operations ESB 1001, 7:30 - 8:30 am
February 19 Tuesday	Seminar 9 - Finance 1: Basics ESB 1001, 7:30 - 8:30 am
February 20 Wednesday	Seminar 10 - Finance 2: Planning ESB 1001, 6:30 - 7:30 pm
February 26 Tuesday	Seminar 11 - Finance 3: Measurement ESB 1001, 7:30 - 8:30 am
February 27 Wednesday	Seminar 12 - Teams ESB 1001, 6:30 - 7:30 pm
March 5 Tuesday	Seminar 13 - Digital Marketing ESB 1001, 7:30 - 8:30 am
March 12 Tuesday	Seminar 14 - Law 1: Intellectual Property ESB 1001, 7:30 - 8:30 am
March 13 Wednesday	Seminar 15 - Law 2: Company Formation ESB 1001, 6:30 - 7:30 pm
April 2 Tuesday	Seminar 16 - Investors 1: Financial ESB 1001, 7:30 - 8:30 am
April 9 Tuesday	Seminar 17 - Investors 2: Strategic ESB 1001, 7:30 - 8:30 am
April 11 Thursday	NVC Team & Mentor Mixer ESB 1001, 6:00 - 8:00 pm
April 15 Monday	Preliminary NVF Deliverables Due Team Name, Logo, Tag Line, Company Description, Track Choice, Booth Poster
April 16 Tuesday	Seminar 18 - Investors 3: Presentation ESB 1001, 7:30 - 8:30 am
April 23 Tuesday	All Deliverables Due Online: 5:00 pm Deadline
April 24 Wednesday	New Venture Fair Corwin Pavilion, 5:30 - 8:30 pm
April 25 Thursday	Competition Finalists Announced Teams will be announced online.
May 17 Friday	Seminar 19 - Pitch Coaching ESB 1001, 9:00 - 12:00 pm Teams will be assigned a 30-minute time slot.
May 22 Wednesday	New Venture Competition Finals Corwin Pavilion, 3:00 - 7:00 pm
May 29 Wednesday	Seminar 20 - Starting Up Your Venture For Real ESB 1001, 6:30 - 7:30 pm

Questions??  Please contact Mike Panesis, Program Manager
mpanesis@engineering.ucsb.edu

 

2013 NVC Steering Committee

Bob York

Bob York is the Director of the Technology Management Program and a Professor in Electrical and Computer Engineering. Professor York has been an active researcher in wireless/RF electronics and antennas, with over 240 publications and 15 U.S. patents. He invented a spatial power-combining technology for high-power amplifier systems that is now in production at Wavestream Inc. (Pasadena, CA) and in use by major television broadcast companies and defense systems. He also pioneered the development of thin-film ferroelectric technology for use in tunable and frequency-agile wireless antennas, now produced by AgileRF Inc. (Goleta, CA), a company that he co-founded in 1999. His group is currently developing high-power/high-efficiency electronics using wide band-gap (GaN) semiconductor technology. He received Young Investigator awards from the Army Research Office (1994) and Office of Naval Research (1996), the IEEE MTT-S Outstanding Young Engineer Award (2004), and was elected IEEE Fellow in 2009.

Craig R. Cummings

Mr. Cummings is the Entrepreneur in Residence in the College of Engineering at UC Santa Barbara. In this position, he lectures and mentors students in UC Santa Barbara's popular Technology Management Program. Mr. Cummings has led or participated in the start-up of several technology-based companies, including one firm that went on to become a successful Fortune 500 company. He holds a BS degree in Nuclear Engineering from UC Santa Barbara and an MS degree in Nuclear Engineering from the Massachusetts Institute of Technology.

Mike Panesis

Mr. Panesis is an entrepreneur, technology executive, current President of the Tech Coast Angels (TCA), and most recently acting Program Manager of UC Santa Barbara's Technology Management Program. His career spans a diverse range of industries and roles, including tech start-ups and small business (WebALG, Whitestone Research), information technology management (Semtech, Church & Dwight) and management consulting (Deloitte & Touche). As a TCA member, Mike regularly evaluates early stage companies and business plans. His personal investments include Continental Wind Power, Phone Halo, Banshee Bungee, CytomX , Outside Labs, and TCA's Angel Capital for Entrepreneurs (ACE) fund. Mike has an MBA in Marketing from Rutgers University and a BS in Computer Science for Business from the DeVry Institute of Technology.

Casey Hare

Mr. Hare has designed and led design teams for many high tech products across a wide range of industries and technologies. He has founded or participated in several technology-based start-up companies. Mr. Hare is also an instructor of systems design, robotics, Labview automation and technology management in the College of Engineering at UC Santa Barbara. He holds BS degrees in Mechanical Engineering and Physics from UC Santa Barbara and a MS degree in Mechanical Engineering Design from Stanford University.

Steve Cooper

Mr. Cooper is a highly accomplished, successful entrepreneur and executive with an extensive career in the semiconductor industry, with over 37 years of management experience leading both public and private companies covering all stages of growth and maturity. In 1973 he was both an Engineering and Wafer Fabrication Manager. From 1980 to 1987 he held a variety of positions, including President and COO, with Silicon Systems, Inc., a manufacturer of analog/digital semiconductors. From 1987-1990 Steve served as President and CEO of Bipolar Integrated Technology, a manufacturer of bipolar emitter coupled logic semiconductors. In 1993 Steve joined EtecSystems, Inc., a leading supplier of electron beam and laser beam mask patterning equipment for the semiconductor industry as Chairman, President and CEO. In October 1995 Steve took Etec public and in March 2000 Etec was acquired by Applied Materials for approximately $2.5 billion. Steve served as Corporate Vice President of Applied Materials and President of Etec Systems until his retirement in November 2000. Currently Steve is Chairman at Built On Logic, Inc. , Founder and President at High Tech CEO Advisor, Director at Aurrion, Inc., Chairman at Active Life Technologies, and Director at Inogen, Inc. Steve holds a BSEE in Information Technology from UC Santa Barbara.

Muriel Taylor

Ms. Taylor has 30 years of executive leadership experience in a variety of industries (business-to-business sales and distribution, information technology, manufacturing and construction). Ms. Taylor is an entrepreneur who founded her first company in 1988. Since then, she has led a series of successful turnarounds for private companies. She performs corporate valuations, has initiated private placement funding, leveraged buyout financing and has consummated mergers and divestitures of business units. Muriel was employed by KPMG as a consultant and auditor for 7 years. Currently she is President/CEO at AURORA UV Inc., and is a Business Advisor and investor at Next Energy Technology and Nitride Solutions Inc. Muriel holds a BA in business from Western Washington University, an MBA from Pepperdine University and Executive Education training from Harvard Business School.

Dina Lozofsky

Dina Lozofsky is the Associate Director of Licensing and Business Development for UCSB's Office of Technology and Industry Alliances. Prior to joining UCSB in 2010, she had more than a decade of experience in intellectual property management and in leveraging intellectual property to structure strategic alliances for both companies and universities in a broad range of technical fields from organic solar cells to oil and gas remediation technology. Dina holds a BS degree in Aerospace Engineering from the Massachusetts Institute of Technology, an MBA from USC's Marshall School of Business and is a registered Patent Agent.

Doug Lynch

Doug has spent over 25 years in the oil industry and has lived and worked in many of the world's oil centers. He received his BSME in Ocean Engineering from the University of Hawaii and his early engineering career was with Vetco Offshore, (Ventura Tool Company), one of the early pioneers in the offshore oil and gas industry. After receiving his MBA, Doug moved into management consulting for the oil industry. He cofounded his own company, The REACH Group in 1999. Based in Houston, Texas and with offices around the world, The REACH Group is a leader in management consulting and organizational effectiveness to the upstream oil and gas industry. His clients included all of the world's largest oil companies and government organizations. Now retired and no longer living on an airplane, Doug lives in Santa Barbara and consults part-time with the Small Business Development Center (SBDC), Synergy Business & Technology Center and the Entrepreneurship programs at SBCC and UCSB.

If you are interested in mentoring, please contact Mike Panesis, mpanesis@engineering.ucsb.edu

 

Key Concepts Seminar Resources

 

Talks

• Entrepreneurship for Scientists & Engineers - April 30, 2013

New Venture Fair

• Template for New Venture Fair Posters - 5' x 3' (Illustrator File)
• New Venture Fair Preparation - April 11, 2013

Business Ideas

• Looking for Light Bulbs: Elements of a Good Business Idea - November 13, 2012
• Promising TIA Technologies - November 16, 2012
• Business Identity and Value Proposition - November 20, 2012
• Business Idea Social Voting Results - November 28, 2012
• NVC Idea Bank

Business Models

• Business Models: Canvas - January 16, 2013
• Business Models: Environment - January 22, 2013
• Business Model Canvas Worksheet - November 7, 2012
• Business Model Environment Worksheet - November 7, 2012

Markets & Marketing

• Estimating Market Size - January 29, 2013
• Marketing - February 5, 2013
• Digital Marketing - March 5, 2013
• Market Validation - February 6, 2013
• Market Validation Worksheet - Feb 6, 2013

Operations

• Operations Management Intro - February 12, 2013
• Operations Management - February 12, 2013
• Teams - February 27, 2013

Finance

• Finance Overview - February 19-26, 2013
• Finance 1 - February 19, 2013
• Finance 2 - February 20, 2013
• Finance 3 - February 26, 2013
• Finance Supplement - Time Value of Money - February 19-26, 2013
• Finance Supplement - Financial Statements - February 19-26, 2013
• Financial Projection Template - Semi-finals
• Financial Projection Template - Finals

Law

• Intellectual Property - March 12, 2013
• Start-up Legal Tips - March 13, 2013

Investors

• How to Construct Your Deck - April 2, 2013
• Sample Investor Deck - April 2, 2013
• Raising Capital - April 9, 2013
• Sample Pitch

NVC 2012 Finalist Pitches

• aPEEL Technology - Grand Prize & First Prize, Tech Push Track
• brightblu - Second Prize, Tech Push Track & People's Choice Award
• Appscale - Third Prize, Tech Push Track
• Birdeez - First Prize, Market Pull Track
• Gifiniti - Second Prize, Market PullTrack
• Speckle - Third Prize, Market Pull Track

Technology

• Qualcomm Presentation on Snapdragon Platform - November 27, 2012
• Qualcomm Presentation for Snapdragon Developers - November 27, 2012

 

Competition Procedure

• Mentor Orientation - November 6, 2012
• Student Orientation - November 7, 2012
• Winter Break Wrap-up - March 13, 2013

 

 

Partner Competitions, 2013

DOE FLoW CleanTech Competition Hosted by CalTech Applications due Feb 10, 2013 $100,000+ in prizes Open competition Brochure Apply

California Dreamin' Business Plan Competition Hosted by Chapman University April 26-27, 2013 $215,000 in prizes UCSB Representative Selected by NVC Steering Committee Brochure Rules

 

Seminars, 2011-2012

• New Venture Fair Prep - April 5, 2012
• Business Model Development - April 3, 2012
• Executive Summary Tutorial - March 6, 2012
• Capital Sources - Mar. 1, 2012
• Intellectual Property - Feb. 23, 2012
• Legal Issues for Startups - Feb. 21, 2012
• Identifying and Filling a Market Niche - Feb. 16, 2012
• Tech Push and Market Validation - Feb. 14, 2012
• Market Identification and Penetration - Feb. 7, 2012

 

Seminars, 2010-2011

• Start-up Market Validation
• Dollars and Sense 101 for Start-ups
• Key Legal and IP Issues for Start-ups

 

Links

• Steve Blank's Web Site - Excellent information source for entrepreneurs
• Steve Blank Blog Post on Open Source Entrepreneurship - Compendium of free and low-cost start-up tools
• Steve Blank Lean LaunchPad Lectures - Free, lays out the LLP approach to start-ups in detail
• Lynda.com - Great source of educational videos on a variety of business and technical topics

 

Reading

• The Startup Owner's Manual, Blank & Dorf
• Business Model Generation, Osterwalder & Pigneur
• The Lean Startup, Ries

The UCSB New Venture Competition is open to grad and undergrad students currently enrolled at UCSB. The complete rules and information are available here.

 

Register for the New Venture Competition. You must register as an individual, then submit each business idea you would like to enter one at a time. Instructions.

 

Submit your business idea for the New Venture Competition. Sumbissions are due on Dec 7, 2102. The NVC Steering Committee expects to decide on which ideas to advance to the next round by Dec. 14. Instructions.

NVC Sponsorship

The NVC is funded entirely by sponsors. Besides contributing to a very successful program that prepares students for careers as entrepreneurs, sponsors benefit in three key areas:
1) Personal access to the brightest and most energetic young people on campus who are potential interns and employees;
2) Visible participation in some of the most popular start-up events on the Central Coast, attended by many of the regions' most successful entrepreneurs, investors, and business executives;
3) First look into emerging technologies and new entrepreneurial ideas at UC Santa Barbara, the leading engine of innovation in the Central Coast region.

Sponsor contributions provide funding for event promotion and signage, cash prizes for the New Venture Competition, event venue, catering, parking, and some staff support.

Download TMP Giving Guide

 

Special Thanks to Our Sponsors

	Media Sponsor

 

 

Special Thanks to Our Community Affiliates