2014 Business Model Competition Overview
The Enterprize Canada 2014 Business Model Competition is a diverse and multi-faceted resource for undergraduate students seeking opportunities in the field of entrepreneurship.
Since 2005, Enterprize Canada has provided over $500,000 in cash prize to student entrepreneurs. The competition acts as a powerful learning tool by offering each participant the opportunity to further develop their entrepreneurial skills, receive feedback from business professionals, as well as a national stage on which to pitch their startups.
This year, mentorship will be implemented for the first time. Led by a group of industry professionals and seasoned entrepreneurs, teams will receive one-on-one mentoring on how to improve their business model canvas into a real business. Furthermore, teams advancing to our semi-finals will receive advice from our preliminary judges on idea viability and quality of the written business model canvas. With the final rounds set in the backdrop of beautiful Vancouver BC, Enterprize Canada is a unique opportunity for teams throughout the nation to showcase their startups and earn the title of Top Business Model in Canada!
In order to compete, teams and team members must meet the eligibility rules set by Enterprize Canada. Enterprize Canada holds the rights to disqualifying any team that breaches these rules. To view the eligibility rules, please read our Official 2014 Competitors’ Package.
Interested competitors must submit their initial applications to our 2014 Business Model Competition by Nov. 24th, 2013 at 11:59pm PST. Please review our 2014 Qualifying Round Submission Requirements for details.
As mentioned in the submission requirements, a business model canvas is required. Please use our Business Model Canvas Template as part of the submission.
Teams are required to pay a $30 team fee upon submission via our Rezgo payment system. Teams will receive a confirmation email with a transaction number once they have successfully completed their payment. This transaction number will be required on the business model submission form, and will be used to cross-reference each team’s submission with their payment.
The competition consists of 3 rounds: Qualifying, Semi-Final and Final.
Qualifying Round (Oct. 14th – Nov. 24th, 2013)
Registration for the National Business Model Competition will open on Oct. 14th, 2013. Teams will be required to submit a business model canvas with accompanying support documents as outlined in our official 2014 competitors’ package. The submission deadline is Nov. 24th, 2013 at 11:59pm PST. Our esteemed judges will then proceed to review the initial submissions in order to qualify teams to the following rounds. Teams, who are chosen for the semi-final round, will be notified in mid-December of their advancement into our next round of competition.
Semi-Final Round (Jan. 18th, 2014)
After receiving advice from the judges, teams who have advanced from the qualifying round will be required to submit the appropriate documents on Jan. 4th 2013 at 11:59pm PST. Teams in the BC Lower Mainland will be required to travel to the University of British Columbia to present their business model in front of a panel of judges. Teams outside of the BC Lower Mainland will be required to present their business model via Skype in allotted time slots.
Final Round (Feb. 15th, 2014)
Teams moving onto the final round in the competition will travel to Enterprize Canada’s 2014 Entrepreneurship Conference in Vancouver, BC to present their final business model to a panel of judges and a live audience. Qualifying teams will be required to submit their final deliverables on Feb. 2nd, 2014 at 11:59pm PST.
Please contact Steven Tanaka, our Vice President Competition, if you have any questions or concerns relating to the 2014 Business Model Competition.