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sait.ca LAUNCH Business Plan Competition

Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

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Page 1: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

sait.ca

LAUNCH Business Plan Competition

Page 2: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

ISPF

100+

Programs

LAUNCH

Students Industry Grads

The Innovation and Entrepreneurship Ecosystem at SAIT

Page 3: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

What is LAUNCH?

LAUNCH is a business plan competition offering entrepreneurial support, mentorship and funding to a number of young entrepreneurs who aspire to build innovative technology, science or knowledge-based companies in the Calgary region.

Page 4: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

Target Audience:• Current SAIT students• 1st year SAIT alumni.

Delivery Method:• Seminars• Mentors• Competition.

Established:• 2009-2010• Currently in 2nd year

Timeline:• November - June

Established:• 2009-2010• Currently in 2nd year

More About LAUNCH?

Participation:• 75 attendees• 9 Concept Papers• 6 Business Plans.

Page 5: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

LAUNCH Process and Timeline

Activity Dates

LAUNCH Kick-off Event Nov. 16, 2010

Attend LAUNCH Seminars Dec. 2010 – May 2011

Submit Registration Form By Jan. 17, 2011

Connect with Mentors Nov. 2010 – May 2011

Submit Concept Paper Feb. 11, 2011

Feedback from Screening Panel Feb. 25, 2011

Submit Business Plan May 30, 2011

LAUNCH Dragons’ Den Jun. 13, 2011

LAUNCH Gala – Award Ceremony Jun. 23, 2011

Page 6: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

Program Finances

• LAUNCH is free for current SAIT students and first year alumni

• This is made possible by the generous support of the program sponsors:

Page 7: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

Screening & Judging Criteria

Competitive AdvantageProfit potential

Technical viability Marketability

Likelihood of success

Technology, science or knowledge based

Innovative idea Management strengths

Potential Economic Impact

Page 8: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

Success Stories

David Milan, 2009 graduate of Film and Video Production ….Petrol Films

Two other participants are in the process of actioning their business plans developed in LAUNCH

Britton Leddingham & Joel Kelley. 2010 graduate from Photo Journalism…iEvolve

Travis Cullen, 2010 graduate from Electrical Engineering Technology ….Tesla Manufacturing

Page 9: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

Performance Metrics

Short Term

1. Number of students participating

2. Business start-ups

3. Success stories one year after LAUNCH

Long Term

1. ISPF to LAUNCH

2. LAUNCH to ISPF

Page 10: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

Partnership With CYBF

• LAUNCH has partnered with CYBF to allow participants to fast track into the CYBF loan review process

• Participants are eligible to apply for up to $30,000 in loan financing from CYBF

Page 11: Sait.ca LAUNCH Business Plan Competition. ISPF 100+ Programs LAUNCH StudentsIndustryGrads The Innovation and Entrepreneurship Ecosystem at SAIT

Find out more

Joe Petermann

Coordinator, Student Initiatives

Applied Research and Innovation Services

SAIT Polytechnic

Room MD115

Tel. 403.284.7251

Fax. 403.774.4608

[email protected]

SAITLAUNCH.ca