• Kansas Entrepreneurship Challenge

  • 2017 Kansas Entrepreneurship Challenge

  • How to Compete

    Students must be enrolled in a Kansas middle school, high school, high school equivalent, or University during

    the semester the competition is held.

    Key Dates

    • March 30, 2018 - Submission deadline for Sanctioned Event entries, University team entries and Executive Summary Open Review applicants
       
    • April 13, 2018 - All Finalists announced
       
    • April 24, 2018 - Kansas Entrepreneurship Challenge Location: 1720 Anderson Avenue; Kansas State University Alumni Center

    High School Students: Youth Entrepreneurship Challenge

    During the 2017-2018 academic year, Network Kansas E-Communities have the opportunity to host local-level entrepreneurship competitions and submit their event to be part of the “Youth Entrepreneurship Challenge series”. Winners from each event automatically qualify for the Kansas Entrepreneurship Challenge.

    High School Students: Executive Summary Open Review

    Up to 15 teams may also be selected for the Kansas Entrepreneurship Challenge through the Executive Summary Open Review. Teams interested in qualifying through the Executive Summary Open Review will submit a three-page executive summary through the Kansas Entrepreneurship Challenge website by March 30, 2018.

    University Teams

    Each invited University is eligible to send two teams to the Kansas Entrepreneurship Challenge finals. Universities will determine their representative teams. University students interested in competing should contact their university entrepreneurship program.

  • Prizes

    Cash prizes for the KEC will be awarded and paid to the legal entity where one exists. If no entity exists then the prizes will be awarded to individual student team members in proportion to the capitalization table or proposed capitalization table submitted. If no capitalization table exists, prize money will be split equally between student team members. Cash prizes will not be paid at any time to non-students outside of an entity. If a non-student holds an equity position as indicated on a capitalization table where there is no entity present, the cash prize will be paid on a pro-rata basis to only the student members listed on the capitalization table. Prize awards may be subject to taxation and are the sole responsibility of the entity or person to whom the awards are distributed. Each entity or individual will be required to provide a W-9 before receiving any

    High School Division

    $250 to each business selected to compete

    $500 trade show winner

    Honorable Mention (x4) - $1,000 each

    4th place - $2,000

    3rd place - $3,000

    2nd place - $4,000

    1st place - $5,000

    University Division

    $250 to each business selected to compete

    $500 trade show winner

    Honorable Mention (x5): $1,000 each

    4th place - $5,000

    3rd place - $7,500

    2nd place - $10,000

    1st place - $15,000

  • Judging Criteria

    Judges will use the following criteria to guide their selection of winners. The judges’ decisions are final.

    Market Opportunity - 30%

    Sizable market need presented with the ability & plan to capture it

    Business Model - 30%

    Company has a viable plan to grow a profitable business

    Management Capability - 20%

    Founder / team demonstrates ability to effectively grow company

    Product / Service Offering - 20%

    Customer focused solution with a clear value proposition

  • The Details

    Eligibility

    Students must be enrolled in a Kansas middle school, high school, high school equivalent, or University during the semester the competition is held. Students must compete in the division associated with their current education-level. The concept and venture must demonstrate student management and ownership. Individuals or teams of no more than four students may submit a concept. Teams must have a teacher or sanctioned event organizer that will authenticate that the venture concept and executive summary are the student team’s original work. Teams must present in-person at the KEC finals.

     

    The KEC is for independent student-run ventures. Concepts must be the original work of the students who comprise the team. For-profit and not-for-profit entities are eligible. Generally excluded from entry are the following: buy-outs, expansions of existing companies, real estate syndications, tax shelters, franchises, and licensing agreements for distribution in the local market. The licensing of technologies or commercialization of research that is not the original work of the student team is prohibited. No person can be a member of more than one team. Teams entering the KEC with same idea that they presented in a previous KEC competition must demonstrate how the business has advanced since the last competition.

     

    Please note: All submission deadlines are final. Late applications cannot be accepted and deadline extensions cannot be granted for any reason. The KEC staff encourages each team to submit requirements early so that any technical difficulties can be resolved before the deadline. All submissions are due by 5:00pm (CST) on the due date.

    Submission Requirements (all divisions)

    All submitted work must be the original work of the team members. Any submission that does not meet these requirements will be eliminated.

    • All submissions are required to include an executive summary .
    • Executive summaries format requirements:
    • No longer than three pages
    • At least 10 point font
    • At least .75” margins on all four sides
    • Must be submitted in PDF format

    Confidentiality

    All submitted information is deemed the property of the participating teams and any licensors. Competition judges and staff do not sign non-disclosure agreements. Teams are strongly encouraged to not provide any specifics or details that are considered to be

    intellectual property. There will be no penalty in judging when a question or issue is not fully addressed because of concerns over confidentiality.

    Conflict of Interest

    No judge, volunteer, or competition staff member may have any vested interest, equity stake, or financial stake in any of the finalist companies. Any of the previously listed parties that stand to gain financially or otherwise from the success of any finalist company is strictly prohibited. Any such associations will result in disqualification of the team and/or removal of that individual from his or her associated position with the competition.

    Spirit of the Competition

    The spirit of the KEC is that current middle school, high school and university students originate, found, and lead the startup idea. Teams not aligned with this vision or not working towards this end may be disqualified (e.g. an existing company run by non-students cannot recruit students only to become eligible for the competition). The KEC staff reserves the right to review companies on a case-by-case basis and make eligibility decisions. Teams that are unsure of their eligibility should contact the KEC staff. The licensing of technologies or commercialization of research that is not the original work of the student team is prohibited. Competitors who promote illegal, illicit, unethical, immoral, or other types of activities, which may be considered unworthy of association with the KEC, may be disqualified.