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Tuesday, June 17, 2008
Santa Clara University, Santa Clara, California
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Boomer Business Summit

Judging Criteria

All entries will be judged by panels of distinguished professionals from the venture capital, business, media and education communities, each of whom will have expertise in the various segments represented in each category. Esteemed finalist judges will include Brad Vale, Johnson & Johnson Development Corporation, Vance Vanier, MD, Mohr Davidow Ventures, Ilya Oshman, Pfizer Strategic Investments Group, Emilio Pardo, AARP Services. Screening judges: Brad Burkett, Navigant Capital Advisors, and other members of the corporate and venture community. See list of judges for 2008.

The winner will be the business plan that has the highest potential for success in the 45+ market. The main judging criteria will be the following:

Problem Statement and Solution

1. Market Opportunity
  • Why is there a need for this company's solution?
  • What is the market opportunity?
  • Are there any market issues that the plan did not acknowledge but that need to be addressed?
2. Proposed Product/Services
  • What is the company's solution?
  • Does the company have a defensible and proprietary approach to its business?
  • How can this company achieve a leadership position in the market?
  • How does the company plan on penetrating the market?
3. Competition
  • What does the market look for?
  • Who would be the initial competitors and who would be likely competitors in the future?
  • What is the company's unique competitive advantage?
  • What are the hurdles to entering the business?
4. Business Model
  • What is the business model? Is it operational feasible?
  • Does the plan address the major relevant risks and appropriate mitigation plans?
  • Is the value proposition sound?
  • How much capital is required to break even?
  • How scalable is the business?
  • Is the business model financially viable?
5. Management/Founders
  • What is the background of management or proposed management for this type of company?
  • Is there industry expertise and prior success among the management/founding team?

Competition Rules/Eligibility

The competition is open to the following if their business plans show the 45+ market as the primary market for the product or service (45+ years of age, baby boomers or seniors).

  • Eighteen (18) years of age or older
  • University and college students, entrepeneurs, independent business professionals from around the globe
  • Business plans must show the 45+ market as the primary market for the product or service
  • Entrepreneurs from early-stage companies with annual revenues of $0 to $1 million

Employees of Mary Furlong & Associates, their affiliates, subsidiaries, volunteers, and their immediate family members and/or those living in same household of each are not eligible. No substitution or transfer of prize permitted by winner.

All federal, state and local taxes are the sole responsibility of winner. All federal, state and local laws and regulations apply. Winner must sign and return a notarized Affidavit of Eligibility certifying that the entry is his/her own original work and Release of Liability/Publicity within 10 days of first attempted notification. Noncompliance within this time period may result in disqualification and an alternate may be selected.

By entering contest and/or accepting prize, contestant grants permission to sponsors and their agencies to use winner's names and/or likeness for advertising and/or trade purposes without further compensation to contestant unless prohibited by law. Prize is nontransferable. By accepting prize, winner agrees to hold sponsors, their respective directors, officers, employees, advertising and promotion agencies and assigns, harmless against any and all claims and liability arising out of use of prize. Winner assumes all liability for any injury or damage caused, or claimed to be caused, by participation in this promotion or use/redemption of any prize. Contestants agree to be bound by the Official Rules and the decisions of the judges. Sponsors are not responsible for any typographical or other error in the printing of the offer, administration of the search or in the announcement of the prizes.

Finalists in each category must be present on June 17, 2008.

Judging

Decisions of judges are final. Winner will be notified on June 17, 2008 at the 2008 Silicon Valley Boomer Venture Summit and Business Plan Competition. Grand Prize will be shipped within one month of winner notification and address verification.

Disclaimer

Sponsor is not responsible for lost, late, mutilated or illegible entries nor for electronic transmission errors resulting in omission, interruption, deletion, defect, delay in operations or transmission, theft or destruction or unauthorized access to or alterations of entry materials, or for technical, network, telephone equipment, electronic, computer, hardware or software malfunctions or limitations of any kind, or inaccurate transmissions of or failure to receive entry information by Sponsor or presenter on account of technical problems or traffic congestion on the Internet or at any website or any combination thereof. If for any reason the Internet portion of the program is not capable of running as planned, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the control of the sponsor which corrupt or affect the administration, security, fairness, integrity, or proper conduct of this contest, the Sponsor reserves the right at its sole discretion to disqualify any individual who tampers with the entry process and to cancel, terminate, modify or suspend the contest.

Intellectual Property Protection

Organizers and sponsors of the 2007 Silicon Valley Boomer Business Plan Competition have taken reasonable measures to ensure that all contestants retain their rights to their business plans and any intellectual property. Organizers and sponsors shall make no claim to any of the property or rights.

Additionally, the finalists in each category will present their business plans to attendees of the 2008 Silicon Valley Boomer Venture Summit and Business Plan Competition on June 17, 2008 at Santa Clara University, Santa Clara, CA. The content of presentations is at the discretion of each contestant.

By entering this contest all contestants indemnify organizers and sponsors of the 2008 Silicon Valley Boomer Venture Summit and Business Plan Competition from any liability whatsoever arising out of this contest.

This contest is presented by: The Executive Development Center at the Leavey School of Business at Santa Clara University, Santa Clara, CA and Mary Furlong & Associates, 3527 Mt. Diablo Boulevard, #128, Lafayette, CA 94549

 

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