Canada-Korea Technology Entrepreneurship Competition Canada-Korea Conference 2015 Do you have your own startup idea, but need micro-seed capital? Apply to participate in the Canada-Korea Technology Entrepreneurship Competition (Canada-Korea TEC or CKTEC)! Selected finalists will be invited to the Canada-Korea Conference (CKC) to compete for a trip to Korea to do Investor Pitches to Korean VCs and more. Network with venture capitalists, seasoned entrepreneurs, and representatives of government agencies from both Canada and Korea, and receive mentorship and guidance on building a successful venture. The CKTEC is a three-day program within the 5th CKC, organized by The Association of Korean-Canadian Scientists and Engineers (AKCSE) in partnership with Internation Network of Korean Entreprenures (INKE). The program aims to promote technological entrepreneurship in Canada and South Korea by hosting a competition of technology-basedventure ideas, in collaboration with novice and experienced entrepreneurs, investors, representatives of venture-assisting government agencies and non-government organizations from both countries. The CKTEC program will be held at the The Delta Lodge at Kananaskis ( 1 Centennial Drive Kananaskis Village, Alberta T0L 2H0 Canada) from July 26th to 28th, 2015. If you have any questions about participating in the CKTEC, please contact the organizing committee at [email protected]. Note: This document will be continuously updated until the competition, so please check back regularly to ensure that you have the most updated information about the event. Canada-Korea TEC http://ckc.akcse.org/ckc2014/entrepreneurship.html 1 The Association of Korean-Canadian Scientists and Engineers AKCSE is a Canadian non-profit organization founded in 1986 to serve as a cooperative bridge between Canada and South Korea in the fields of Science and Technology. AKCSE is one of the 17 overseas organizations funded by the Ministry of Science of Korea. AKCSE constantly reaches out to the academic communities within Canada to generate opportunities for Canadian scientists and engineers to collaborate with their respective counterparts in South Korea. AKCSE has local chapters in many provinces of Canada and also at major universities across the country. The organization has over 3000 members from academia and the industry, including over 500 student members. Program Objectives ● ● ● To promote the entrepreneurial culture within the Korean-Canadian community To help the development of novice entrepreneurs by providing them with opportunities to network with seasoned entrepreneurs, venture capitalists, angel investors, and representatives of various venture-related non-profit organizations from Canada and South Korea To provide participants with opportunities to learn about entrepreneurial and technological innovation trends in the Canadian and South Korean markets Prizes and Resources A TRIP to KOREA to do Investor Pitches will be awarded to the winning individual or team with a successful business plan. Additionally, the CKTEC will provide finalists (the individuals and teams who will pass the first screening phase and attend the CKC) with an opportunity to enjoy the following benefits: ● Receive valuable feedback on your business model from a panel of outstanding judges, including experienced entrepreneurs and venture capitalists ● Meet fellow Korean-Canadian entrepreneurs, investors, and potential business partners through networking sessions ● Improve your knowledge on venture development process through invited presentations by renowned speakers Eligibility for Making an Entry To be eligible to make an entry to the CKTEC, prospective competitors 1) must possess the Korean-ethnic background (at least one member per team) and 2) must have less than three years of experience in being an entrepreneur. Canada-Korea TEC http://ckc.akcse.org/ckc2014/entrepreneurship.html 2 Entry and Registration Process 1. 2. 3. 4. Step 1 - Application: Teams must submit business plan slides (see Presentation Requirements for format) to [email protected] by Sunday, June 21, 2015 to make an entry for Round 1. Step 2 - Round 1: Applicants will be notified of round 1 judging by Sunday, June 29, 2015 (tentative). Only winners of round 1 will be invited to the final round. Step 3 - Registration: Winners of Round 1 must register for the Canada-Korea Conference on Science, Technology and Entrepreneurship (CKC in short) to participate in the final round. The registration fee is $300 for AKCSE regular members, $50 for student members and $600 for non-members before July 1, 2014; after July 1 2014, the fee increases to $450 for regular members, $75 for student members and $900 for non-members. Step 4 - Final round: Winners of Round 1 who are registered in the CKC will pitch their business plan on the first day of the CKC, Sunday, July 26, 2015. Presentation Requirements ● For the first round: ○ Up to 12 presentation slides using the Presentation Template & Slide Headings above (Acceptable formats: ppt, pptx, pdf) ○ Using bullet points instead of paragraphs strongly encouraged ○ Minimum font size = 20pt ○ A suggested presentation template is available for download (attached) ● For the final round: ○ 10-minute presentation followed by a 5-min Q&A session ○ A print-out of Appendices providing details of your business plan Important Dates ● ● ● ● ● ● June 21, 2015, 11:59pm EST: Application deadline June 29, 2015, 11:59pm EST: Round 1 results announced June 30, 2015, 11:59pm EST: CKC registration deadline for the winners of Round 1 July 26, 2015: Business plan presentations and judging July 27, 2015: Invited presentations, award ceremony July 28, 2015: Invited presentations, closing Event Schedule Day 1: Sunday, July 26, 2015 ● ● Welcoming and introduction to the CKTEC Final-round presentations Canada-Korea TEC http://ckc.akcse.org/ckc2014/entrepreneurship.html 3 ● ● ● Invited speaker presentations (Session 1) Mentoring session Networking session Day 2: Monday, July 27, 2015 ● Invited presentations (Session 2 & 3) ● Networking sessions ● Awards ceremony Day 3: Tuesday, July 28, 2015 ● Invited speaker presentations (Session 4) ● Closing remarks Note: More details will be added in the near future. Evaluation Criteria Here are some of the key criteria that will be considered in the selection process: ● Products/Services and Implementation ● Market Analysis ● Competition Analysis ● Marketing strategies ● Managing financial aspects of business ● Risk Analysis ● Overall Plan Viability and Appearance ● Presentation delivery and the performance during Q&A Frequently Asked Questions 1. What is CKTEC? ○ As the name implies, CKTEC is an entrepreneurship competition for Korean Canadians, hosted by The Association of Korean-Canadian Scientists and Engineers (AKCSE), a non-profit, cultural organization in partnerhsip with INKE. In this competition, participants will pitch their business plans for starting up a new business enterprise to win a trip to Korea to do Investor Pitches. In addition to the cash prize, the event will also provide various benefits such as opportunities to network with investors, seasoned entrepreneurs and mentors and also receive education on new venture construction process. 2. What is the winning prize? ○ A trip to Korea to do Investor Pitches to Korean VCs to the winning individual or team. 3. Is there any restriction on the category of business ideas that participants can Canada-Korea TEC http://ckc.akcse.org/ckc2014/entrepreneurship.html 4 use to compete? ○ Since one of AKCSE’s organizational objectives is to promote the application of science and technology, we require all participants’ business ideas to incorporate use of scientific research or existing/new technologies. If you have any question regarding the eligibility of your idea, please feel free to email us: [email protected]. 4. I do not have the Korean ethnicity. Can I still enter the competition? ○ We require every team to have at least one member with Korean ethnicity. If you do not have a Korean-Canadian member in your team, you will not be eligible for this competition. 5. I did not pass the first round. Can I still attend the CKC 2015 and some of the workshops and seminars in the entrepreneurship track? ○ Yes, you can. Please register for the conference as an attendee. Note that this may require prospective participants to submit an abstract of an academic or professional project. Please refer to the CKC website for more details (http:// ckc.akcse.org/ckc2015/). 6. I am unable to attend all three days of CKC due to a time conflict. Can I miss some days of the conference and still participate in the CKTEC? ○ Unfortunately, no. We require all finalists to actively participate in the entire course of the conference. 7. I have a question that is not covered in the above. ○ Please send your question to [email protected]. Canada-Korea TEC http://ckc.akcse.org/ckc2014/entrepreneurship.html 5
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