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2009
Judging Guidelines
Economic Fuel: The Humboldt County Student Business Challenge
Competition Objectives
Economic Fuel is a business plan competition for local college students
and recent graduates from all academic disciplines. The objectives of
the competition are to:
-
Create a climate of opportunity that provides students and recent graduates
with the incentive to apply their education and talents locally.
-
Nurture local economic development by inspiring and supporting
students and recent graduates in entrepreneurial pursuits.
-
Build bonds between local academic institutions, businesses,
and the community.
-
Support formal entrepreneurial education in Humboldt County.
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Provide seed capital to initiate and support student managed
entrepreneurial enterprises.
Judging
Overview
Our judging guidelines mirror the assessment criteria of potential investors.
The judges evaluate the team’s business idea considering:
The
Written Business Plan
The written business plans will be judged based on their comprehensiveness
of information and overall viability. The judges evaluate the plan based
on:
-
Effectively defining the industry, target market, competition,
marketing plan, operations, economic impact, financial assumptions, $25,000
spending plan and the compilation of these components into a concise
and compelling executive summary.
-
The reasonable likelihood of long term success.
The
Formal Presentation
The formal presentations will be judged on both content and quality. The
judges evaluate the teams based on:
•
Speakers make a compelling presentation that sells the business idea.
• Speakers effectively answer questions to add credibility to
the business venture.
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