The Curry Cup: Fame and Fortune!
The winner(s) of the upcoming entrepreneurial concept competition sponsored by your Ed Council will walk away with the Curry Cup, $3,000 in cash, and the right to participate in the all-University competition for more cash awards!
The Curry winning team will test their ideas against winners of similar competitions held in eight other schools across the University. If the curry team prevails, it will capture the even bigger and better UVa Cup lined with another $3,000 in winnings!
Second-place finishers in both contests will capture $1,500. Third-place teams will receive $500.
How do you Compete?
The Concept Competition requires a proposal in general terms and should outline the entrepreneurial idea, the market, the competition, and competitive advantages. Concepts are evaluated on their viability in the current marketplace. The submission should be in the format of an Executive Summary. The Executive Summary should be a maximum of two pages text and two exhibits plus resumes, 10- or 12-point font and one-inch margins. Some additional thoughts on the Executive Summary are as follows:
Concept Summary:
- Write a short paragraph describing your entrepreneurial concept
- Start with a one-sentence description of the underlying idea
- Determine the customer/market.
- Decide how the project will generate revenue.
- State what makes the concept unique.
Value Proposition:
- Determine the “pain” or problem that the concept addresses.
- Explain the solution the concept provides.
- Discuss why these product/service benefits are real and valuable to customers.
Market Opportunity:
- Calculate the total revenues for the target market.(This can be expressed in terms of total revenues or total expenditures by customer, or can be expressed in terms of total customers multiplied by the average amount spent per customer annually.)
- Discuss your current or anticipated competition.
Product/Service Description:
- Describe the attributes of any product or service.
- Explain how the product will be produced or how the service will be performed.
- Determine how much or what types of resources would be generally required.
Management Team:
- Who are members of the team?
- What are their backgrounds?
- What are their intended roles within this proposal?
Contact Information:
Name of Team Captain
Address
Telephone Number
E-mail Address
Disclaimer:
The Concept Competition will be open-session. Information deemed highly proprietary or sensitive should not be included or disclosed in either submissions or presentations. Concept documents will not be published or distributed except as described above. Participation in, submissions, and information disclosures for the competition are wholly voluntary. Participants should note that they alone control the content of their disclosures.
If invited to do so, your Curry student team member must present your paper publicly on November 6th at 9:00 in 200 Ruffner for a maximum of ten minutes and answer questions (with help from team members) for ten minutes.
What is the Timeline?
Put these important dates on your calendar:
• Tues, 9/15, 8:30-4:30. We will have an information table in the Curry lobby to address questions about the competition.
• Thurs, 10/1, 8:30-12:30. We will have another information table in the Curry lobby
• Fri, 10/2, 9:30 - 12:30. There will be a Curry Cup workshop in the CLIC to assist people with their proposals. Curry and Darden people will offer insights into writing proposals.
• Mon, 10/26. Deadline for submission of proposals to Kevin Hessberg (
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).
• Fri, 11/6, 9:00. Public presentations by finalists for the Curry Cup in 200 Ruffner.
• Sometime in mid-November. University-wide competition for UVa Cup.
Questions?
If you have questions or need assistance, contact any of the following:
Kevin Hessberg
President
Education Council
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Seth Hayden
VP and Treasurer
Education Council
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Bob McNergney
Professor
EDLF
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