Phase 2 - Rules

Phase 2 takes place between May and October 2010. During this period contestants develop and submit their business plans. The best 3 business plans are awarded cash prizes of € 15,000, € 10,000 and € 5,000 respectively. The best medical technology business plan receives the LISAvr Medtech award.

• Obligatory registration for phase 2 prior to the deadline on May 14. After registration contestants can log in to use the online submission function during phase 1.


• Online submission of business plans and jury presentation before 06 August:
  
  
  • Business plan: During phase 2, participants develop their business ideas into
    fully-fledged business plans. BOB coaches are on hand to provide active support.
    Format of the business plan:
    • Written in English
    • ≤ 35 pages including appendix, diagrams and tables
    • Format: Word or PDF-document, Paper size A4, font size 10-12, line spacing 1-1.5
    • Apart from the content, the formal quality of the business plan will also be evaluated. The formal criteria are length (≤ 35 pages), structure as outlined below, clarity, precision, relevance and whether the explanations provided are easy to understand.
    • The content of each business plan is specific to the underlying business concept, however,
      all business plans should cover the following topics:
    
    

    Topic	~ no. of pages
    1. Executive Summary	1
    2. Product Idea incl. technology & scientific data	2-4
    3. Team	1-3
    4. Market/Competition	2-4
    5. Market barriers/Patents	1-4
    6. Marketing/Distribution	1-4
    7. Organization	1-2
    8. Implementation Plan	1-2
    9. Finance	2-4
    10. Opportunities and Risks	1-2
    11. Appendix	0-15 (not exceeding total of 35 pages)
    Total (incl. appendix)	max. 35

    • Detailed help on how to set up and formalize the business plan is provided in
      section 3 of the BOB Handbook.
  
  
  • Jury presentation: 10 page PowerPoint presentation (excluding 1 title page and back-up slides)
    used to convince the jury of the potential of the business plan and to explain the underlying
    concept. The business plan presentation should follow the structure of the business plan above.
  
  
• Selection of the best ten business plans on 30 August and invitation of up to two team leaders of the respective teams to an intensive two-day coaching session on 15-16 September 2010. During this event, experts provide individualized feedback and advice on the business plans, the jury presentation is simulated and an intensive presentation training to refine presentation techniques is organized. Participation in this coaching session is not obligatory, but highly recommended.


• Following the coaching session, optional resubmission of the reworked business plans and jury presentation before 04 October. If no updated version of the business plan is submitted, the original version (submitted on 06 August) will be evaluated by the Jury.


• The jury presentations by the best 10 teams will be performed to an international jury of distinguished experts from the worlds of science, industry and finance on 21-22 October. The jury will then select the best 3 business plans as well as the best medical technology business plan.


• Announcement of the winning teams will take place at the award ceremony and gala closing festivity on the evening of October 22. All 10 teams are invited to the award ceremony.