Congratulations to this year's winners:   Grand Prize: aPEEL Technology People's Choice: Brightblu Social Entrepreneurship Award: Forget-Me-Not Sourcing Tech Push Track Market Pull Track 1. aPEEL Technology 1. Birdeez 2. Brightblu 2. Gifiniti 3. AppScale 3. Speckle   2012 New Venture Competition Finalists   New Venture Competition News Story on KCOY 12     The 13th Annual UC Santa Barbara'sNew Venture Competition provides a hands-on opportunity for campus innovators to learn about successful venture creation, beginning with the evaluation of new business opportunities, working with potential clients/customers for market validation, crafting a concise oral pitch, drafting a compelling executive summary and financial projections, and learning how to raise necessary capital for launch. Working in multi-disciplinary teams under the guidance of many experienced advisors and mentors, participants learn about key elements of successful and sustainable businesses including industry analysis, product marketing, operations management, accounting & finance, funding sources, legal and intellectual property issues, perfecting the "elevator pitch", and more. This intensive, experiential program offers participants a portal to a large network of established business contacts and an opportunity to compete for more than $75,000 in prizes and seed capital to launch their venture. The semi-final "Venture Fair" and Finals competition have become integral events in the local entrepreneurial business community, and winners of the NVC have a continous legacy of launching successful new ventures as a result of their hard work and the quality advice provided by the TMP mentoring network. View 2011 New Venture Competition Finals Here

2012 New Venture Competition Timeline

Eligibility and Expectations of Participants

Download 2012 NVC Entry and Disclosure Form. Due February 3, 2012

Download UCSB NVC 2012 Rules and Information

Download 2012 NVC Timeline

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:

1. Students may participate individually or in teams of up to five people.
2. 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.
3. 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).
4. Teams that have received cash funding (debt or equity) must disclose source and amount on registration form.
5. 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:

1. 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.
2. 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.
3. 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).
4. 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.
5. 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.

Structure of the Competition

The NVC begins at the beginning of Winter quarter in early January with an initial orientation meeting and culminates in May with the Finals event. In 2011 over 130 students and 40 teams began in January, with 6 teams advancing to the Finals.

The competition is organized as follows:

Team Formation and Business Concept Refinement

Begins with an initial orientation meeting in early January followed by a social event to help assist in team formation. Teams then present their concepts to a set of advisors during four scheduled sessions to help refine the concept and determine which of two evaluation tracks is best suited to their concept (see below for more detail on evaluation tracks). This stage culminates in teams formally entering their business concept by submitting signed entry forms and associated disclosures (see Entry Form).

Development of the Executive Summary and Business Model Canvas

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 (Executive Summary and Business Model Canvas). This stage culminates in submission of the written materials (templates to be provided on the NVC website) and selection of the teams that will compete in the New Venture Fair (Semifinals).

Event: 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.

Development of the Oral Presentation and Refinement of Written Plan & Canvas

Teams selected for the finals will be required to participate in additional semi-weekly seminars to help craft their oral presentation and refine their Executive Summary, Business model Canvas, and develop a more detailed set of financial projections. Teams will receive additional guidance from a select group of experienced mentors during this stage, and will also be allowed to participate in pitching sessions with local Angel investment groups.

Event: 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.

Evaluation Criterion and Information on Awards/Prizes

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 Canvas, Financials) and Oral presentations will be evaluated along the following criteria:

1. Attractiveness of business model
2. Quality of product(s), service(s) and/or solution(s)
3. Market opportunities and competition
4. Quality of the team and management structure
5. 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: $5,000

2nd place: $2,500

3rd place: $1,000

Tech Push

1st place: $5,000

2nd place: $2,500

3rd place: $1,000

Grand Prize: $5,000

People's Choice: $2,500

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.

 

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2012 - 2013 Competition Timeline:

Download NVC 2012 Timeline

November 7 Wednesday	Orientation Kickoff Broida 1610, 7:00 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 - What Makes for 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.
November 20 Tuesday	Seminar 2 - Business Identity & Value Proposition ESB 1001, 7:30 - 8:30 am
November 26 Monday	Individual Competitor Registration Online: 5:00 pm deadline All individuals must submit an individual registration form with all requested information by 5:00 pm.
November 28 Wednesday	Elevator Pitch Social ESB 1001, 6:00 - 8:00 pm
December 7 Friday	Business Idea Submission Online: 5:00 pm deadline Teams must submit their Business Idea information no later than 5:00 pm. This includes: business name, logo, tag line, one-page description, and tentative team member names.
December 14 Friday	Semi-Finalists Announcement
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 15 Tuesday	Seminar 3 - Business Models I: Structure ESB 1001, 7:30 - 8:30 am
January 22 Tuesday	Seminar 4 - Business Models II: Dynamics ESB 1001, 7:30 - 8:30 am
January 29 Tuesday	Seminar 5 - Sizing a Market ESB 1001, 7:30 - 8:30 am
February 5 Tuesday	Seminar 6 - Marketing 3+ P's: Product, Pricing & Promotion ESB 1001, 7:30 - 8:30 am
February 6 Wednesday	Seminar 7 - 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 - Legal I: Company Formation ESB 1001, 7:30 - 8:30 am
February 20 Wednesday	Seminar 10 - Legal II: Intellectual Property ESB 1001, 6:30 - 7:30 pm
February 26 Tuesday	Seminar 11 - Finance I: Sales Projections ESB 1001, 7:30 - 8:30 am
February 27 Wednesday	Seminar 12 - Finance II: P & L and Cash Flow ESB 1001, 6:30 - 7:30 pm
March 5 Tuesday	Seminar 13 - Finance III: What Things Cost ESB 1001, 7:30 - 8:30 am
April 2 Tuesday	Seminar 14 - Investors I: Financial ESB 1001, 7:30 - 8:30 am
April 9 Tuesday	Seminar 15 - Investors II: Strategic ESB 1001, 7:30 - 8:30 am
April 16 Tuesday	Seminar 16 - Investors III: Presentation ESB 1001, 7:30 - 8:30 am
April 24 Wednesday	New Venture Fair Corwin Pavilion, 5:30 - 8:30 pm
April 25 Thursday	Competition Finalists Announced 5:00 pm
May 17 Friday	Pitch Coaching Day 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 17 - Starting up your Venture for real ESB 1001, 6:30 - 7:30 pm

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

 

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2012 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.

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

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Key Concepts Seminar Resources

• New Venture Fair Prep - April 5, 2012
• Sample Strategic Plan Table of Contents
• Sample Financial Forecast
• Business Model Worksheet
• Business Model Development - April 3, 2012
• Sample Pitch
• Executive Summary Tutorial - March 6, 2012
• Capital Sources - Mar. 1, 2012
• Financial Forecasting - Feb. 28, 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

• Start-up Market Validation

• Dollars and Sense 101 for Start-ups

• Key Legal and IP Issues for Start-ups

• The Capital Challenge

• 10 ways to be your own boss

Two New Student Resources for NVC 2012

In order to get things started for the New Venture Competition early and also to support everything else that TMP does, TMP now has a GauchoSpace page. The site is called "TMP Venture Competition", located here: https://gauchospace.ucsb.edu/courses/course/search.php?search=TMP

To get access to the GauchoSpace site use your regular GauchoSpace login and the enrollment code: TMPaddnvc . If community members that are not UCSB students wish to join, please email: casey@engineering.ucsb.edu

Currently there are a number of forums on the site, including places to look for NVC ideas, NVC teammates, thoughts on markets, ...

We also have a new space, "the TMP garage" located in Phelps rm. 1408. This space will be open for teams to meet and work. It's not actually a garage, but seeing how so many good ventures start in a garage, the name is appropriate. As we get open hours for the garage we'll post those on GauchoSpace and email the GauchoSpace members. We are also planning some events at the garage, starting with Brainstorming for NVC ideas and those notices will also go out to the GauchoSpace lists.

Please check out the GauchoSpace page. If there are more forums or resources you'd like to see on GauchoSpace, please post to the forum on GauchoSpace and we'll take care of it.

Registration

UC Santa Barbara's 2012 New Venture Competition Rules and Information can be found in the "Guidelines" tab or download load it here.

Registration Deadline for the 2012 competition is February 3, 2012 at Noon in the TMP office, Phelps 1330.

Download Entry and Disclosure Form

Download NVC 2012 Sponsorship Information

What Sponsorship Opportunities are Available?
All contributions are welcome. Sponsor benefits are organized along the following support levels*:
Founder: $50,000+
Elite Entrepreneur: $25,000+
Platinum Pioneer: $10,000+
Blue & Gold Innovator: $5,000+
Silver Sponsor: $2,500+
TMP Supporter: $500-1,000+

Sponsorship levels are typically reached by direct cash contribution and are valid for one year unless otherwise noted. In-kind support is also welcome, especially from our partners who specialize in local venture creation/services. Contact the Program Manager for in-kind sponsor benefits and for larger donations/endowment opportunities.

*Please note that sponsor support is not a tax-deductible donation to UC Santa Barbara.

Sponsor Benefits:
Most of our corporate sponsors benefit from a partnership with TMP in three important areas:
1) visibility and access to the brightest and most energetic young people and potential interns on campus;
2) visibility and participation in some of the most popular entrepreneurial events in the Central Coast region attended by many of the region's most successful entrepreneurs, investors, and business people;
3) staying in touch with the latest emerging technologies and new entrepreneurial ideas at UC Santa Barbara, the leading engine of innovation in the Central Coast region.

Where do sponsor contributions go?
Sponsor contributions are used solely to support the program's educational and outreach activities. At all levels of sponsorship some portion of the contributions are pooled for some event promotion and signage, costs associated with hosting curricular and co-curricular events (venue, catering, parking), and some staff support for program activities. At higher levels of sponsorship the funding is directed to specific activities & awards in consultation with the sponsor. A fraction of sponsor contributions in connection with the New Venture Competition may be used to cover some travel costs for competition judges.

Thank you for considering sponsorship of the 2011-12 Technology Management Program
and New Venture Competition!

For more information about the TMP and New Venture Competition please contact:
Mike Panesis
Program Manager, Technology Management Program
Office: (805) 893-3008 Cell: (805) 617-0016 Fax: (805) 893-2650
Email: mpanesis@engineering.ucsb.edu

Sponsor checks may be made payable to UC Regents (please indicate "TMP" on the memo) and mailed to:
Technology Management Program
Attn: Business Officer
College of Engineering
UC Santa Barbara,
Santa Barbara, CA 93106-5130

 

Special Thanks to Our Sponsors

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