This document provides information about the Opportunity Quest entrepreneurship competition hosted by the University of Utah. It summarizes that the competition deadline is January 16th at midnight and rewards teams for identifying business assumptions, testing them with customers, and pivoting based on results. Over $10,000 in cash prizes will be awarded, with the top prize being $3,000. Submissions will be judged on identification and testing of assumptions, ability to iterate based on learnings, progress in developing a business model, and validating customer needs. The top scoring submissions will advance to further rounds of judging. Help and examples are available on the sponsor's website.
5. Judging Criteria
• 25% – Clear identification of
assumptions, description of assumption tests, and
findings
• 25% – Team’s ability to iterate and pivot based on
your process of discovery
• 25% – Progress made in arriving at a “nailed”
business model
• 25% – Knowledge of a bona fide pain substantiated
by customer discovery and development
6. Judging Process
Round 1:
Judging panel selects top 20 entries
Round 2:
Judging panel ranks top 8 teams
Round 3 (BMC Final):
Top 4 teams present to judges on Fri, Jan 25
7. Submission
1. Create slide presentation (8-min. max)
• Identify assumptions
• Test assumptions
• Pivot
2. Sync to Audio > You tell the story
• PPT PC: Slide Show > Record Narration
• PPT Mac: Slide Show > Record Slide Show
• Keynote: Play > Record Slideshow
3. Submit before Midnight, Wed, Jan 16
• www.millerNVC.com > Submit Your Entry
8. Help
• The Rollins Center will critiqued your submission
before the deadline
• Register for a slot by going to our blog: www.millernvc.com/blog and
following the link to the Google spreadsheet.
• Email the Miller NVC leadership team
• millernvc@byu.edu
• Visit our website (examples, tutorials, information)
• http://www.millerNVC.com
9. Opportunity Quest | Utah Entrepreneur Series
What Is It?
• An Executive Summary competition
• 2nd competition of Utah Entrepreneur Series, a
multi-school competition hosted by the U of U
• Each school hosts own OQ. Winners from each
school are automatically advanced to semi-final
round of the Utah Entrepreneur Competition
10. Opportunity Quest | Utah Entrepreneur Series
Prizes
• 1st Place: $2,500
• 2nd Place: $1,500
• 3rd Place: $1,000
• Winners Banquet (time and date TBD)
11. Opportunity Quest | Utah Entrepreneur Series
Judging
Rewards the Business, not the Process
• Criteria: Viability and likelihood of business success
• Judges: BYU faculty, NVC Leadership, Zion’s Bank
• Round 1: Judging panel selects top 20 entries
• Round 2: Judging panel selects top 3 teams
12. Opportunity Quest | Utah Entrepreneur Series
Submission
Submitted on the same form as the BMC
• Option 1: Check the box on the BMC submission form
to use your same BMC presentation
• Option 2: Don’t check the box, and upload a separate
video and executive summary for the OQ.
13. Opportunity Quest | Utah Entrepreneur Series
Help
Email the Miller NVC leadership team
• millernvc@byu.edu
14. Upcoming Events
• Jan 16: BMC/OQ submission deadline
• Jan 25: BMC Final
• Jan 30: NVC Final Kickoff
• Feb 6: NVC Networking Event
• Feb 13: NVC Final Workshop
• Feb 23: NVC Final Submission Deadline
Notas del editor
Judges are faculty members at BYU and UVU who are experts in the Business Model process. Judges include Nathan Furr (founder of the BMC and author of NISI), Craig Earnshaw, John Richards, Scott Petersen.
Round 2: Top 4 are invited to present at final eventRound 3 judges: Nathan Furr, someone from the CET, and one non-BYU judge-Open to public -Judges select winners
To enter, create a presentation (eight minutes or less) that tells the story of yourstartup following the entrepreneurial process. The three keys to the BMC – identifyassumptions, test assumptions with customers, pivot – can serve as the outline foryour presentation.* You presentations should be synced with audio so that you can talk us through thestory. PowerPoint If you create a presentation in Powerpoint, add audio by:PC: Go to Slide Show > Record Narration. (See a tutorial for this option.)Mac: Go to Slide Show > Record Slide Show.Keynote If you create a presentation in Keynote, go to Play > Record Slideshow.
