The Alaska business plan competition was created to encourage entrepreneurs to develop their entrepreneurial skill and experience, and to support the growth of new, great Alaska companies.
To enter the competition, each business must consent to follow these rules:
Each business must submit a completed Intent to Compete Form to the competition administrator by the Registration Deadline, in order to be considered for the competition.
Registration deadline: April 6 at midnight
Intent to Compete Form
Submission deadline: April 12 at midnight
Business Plan submission
Notification date: April 18
Finalists notified to prepare for the final competition
Final competition: April 25, 5:30 - 7:30 PM at 49 State Brewing Company
Presentations by finalists.
Acceptable Business Plans
There is no required general format for the submitted business plans. However, to be accepted into the competition, each participant must follow these guidelines:
Submit the Intent to Compete from no later than midnight on April 6
Upload one (1) electronic copy of the business plan in PDF form no later than midnight on April 12 to to the Ideator platform (login and usage info emailed to contestants after submittal of the intent to Compete form).
The business plan must be a single PDF document (not broken into multiple PDF documents) and the name of the PDF must be the business name; for example, BambinosBabyFood.pdf, RoyalBlue.pdf, etc.
The first page of the PDF must be a cover page that includes your name(s and the name of your business
The submission must include the company name in the subject line of the email
Although the competition does not require a specific format for the business plan, we strongly recommend that submitted business plans do not exceed 10 pages and include at least the following elements:
Competition participants agree to provide the Alaska Business Plan Competition with information that is accurate and timely. Each entrant is free to choose their own format of the business plan. Sample business plans are available from the organizers upon request.
The Alaska Business Plan Competition administrators will review each submitted business plan for completeness and eligibility. The judging panel is selected from University of Alaska, Alaska Pacific University, and the Alaska business community and may vary in any given year. Judges will select up to six (6) entries that will advance to the final round.
To ensure the quality of the business plans presented in the final round, the organizers reserve the right to select fewer entries if the submissions do not meet judges’ quality standards.
The businesses that are selected to advance to the final round of judging will be notified one week prior to the competition date. The final round will consist of a five (5) minute formal presentation by each business, followed by four (4) minutes for Q & A. The event is free and open to the public. The judges for the final round will be Alaskan investors, and may not be the same panel from the preliminary round. After a business has concluded their presentation, the judges and the audience will have an opportunity to ask questions of the business members. At the request of the judging panel, and at the sole discretion of the competition administrators, the presentation time may be extended.
In order to maintain eligibility, contestants must remain at the competition throughout the entire event. Competitors participating remotely must be in direct contact throughout the competition, unless they make different arrangements with competition organizers. Events beyond the control of the organizers and participants are the exception (e.g. network outages). The announcement of the winners shall be made at the conclusion of the competition event. The decisions of the judges are final.
Audio-visual equipment will be available for use by contestants in the final round. Requests and coordination for such equipment must be noted on the Business Plan Competition Submission Form.
In order to attract public attention to their business, contestants will be allowed to use one six-foot folding table-top display at the competition venue. Larger displays may be allowed upon request, at the sole discretion of the competition administrators. Requests for display space must be noted on the Submission Form.
Participants may promote their company using product or service brochures, but may not hand out copies of their business plan. Participants may distribute an executive summary up to two pages in length; summaries should include the following statement: “This document is not an offer to sell or the solicitation of an offer to purchase securities. This can only be done through a full disclosure document, which can be obtained from the officers of the company.”
Contestants may begin setting up their displays two hours prior to the start of the event on the day of the competition. All display materials must be removed no later than one hour after the competition concludes, but not prior to the announcement of winners.