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Business Plan Competition Rules

Provided by Business Partners Ltd, South Africa's leading investor in SMEs


ANNEXURE A

COMPETITION RULES

 

The competition is open to aspiring young entrepreneurs not yet established in an operating business

Only one entry per individual will be considered. Entrants will complete a questionnaire designed to consider the following:

  • Does the individual have the potential to start and run a viable business
  • Is his or her business idea viable
  • Does he or she have some basic business skills which can be developed
  • Does he or she have entrepreneurial skills that can be developed

Qualifying entrants will be invited to attend a full day workshop in selected areas. The workshop will include topics such as:

  • Creating an effective business plan
  • Compiling a marketing plan
  • Managing you financial resources
  • The importance of networking
  • and more

To qualify for the final round, workshop delegates will be asked to submit a business plan, based on the workshop training.

Regional winners will be selected, based on the viability of the business plan and entrepreneurial potential – to be announced at award events in Johannesburg, Pretoria, Cape Town and Durban, as well as Bloemfontein, Limpopo, East London and Port Elizabeth, should the number of quality entries justify award events in these areas.

Regional winners are automatically entered as finalists in the national awards event held during Global Entrepreneurship Week in November in Johannesburg.

Submissions must be completed in full to be accepted.

The concept/idea must be the entrant’s own and original idea. Copying material, intellectual property or information from an external party or source will be considered plagiarism and the entrant will be disqualified. Disqualified entrants will forfeit any prizes awarded to them.

Ownership of any Intellectual Property contained in the entry forms and/or business plans will vest with the competitors. No information will be used by the organisers and sponsors outside the ambit of this specific competition.

Prizes are subject to change without warning.

Finalists will be telephonically interviewed by a panel of judges – date and time to be confirmed.

The organisers and sponsors of this competition reserve the right to exercise their sole discretion to alter, amend and/or supplement these competition rules at any time, or to cancel, terminate or suspend the competition at any time. Any such changes will be communicated through the publication thereof on the SME Toolkit South Africa’s website: http://southafrica.smetoolkit.org.

The decision of the judges is final and may not be disputed.

All finalists and the national winner will be required to being part of any photo’s, audio recordings, video material, promotions, publicity or news stories as part of the competition without monetary compensation.

The closing date for the first phase entries to be submitted is 07:00 on Monday 31 July 2017; and business plans (phase 2) must be submitted by 15 September 2017.

 

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