General Information The Office of Research Innovation and Commercialization (ORIC) in collaboration with Computer and Information Services Division (CISD), Department of Electrical Engineering (DEE), Department of Mechanical Engineering (DME) & Department of Communication and Management Sciences (DCMS) is launching a National level Entrepreneurial Challenge “CREATE’15”. Society for Promotion of Entrepreneurship & Leadership (SPEL) is managing this event. The vent is divided into following stages.  Idea Registration (form 1st- Dec to 18th -Jan)  Mentoring Workshop (7th – 8th Feb)  Executive Summary & Elevator Pitch Submission (1st March)  Screening  Final Presentation & Awards Distribution (28th -March) IDEA REGISTRATION The two categories of entrepreneurial ideas are: 1. Techno Entrepreneurship 2. Social Entrepreneurship For any category, business ideas are registered in the following sub-categories: a. Business idea only b. Business idea with prototype c. Business idea with prototype and pilot startup Teams registered in social entrepreneurship may wish to exempt the concept of prototype. However, most grades will be awarded in the evaluation of teams in subcategory c, and least for teams lying in sub-category a. Idea Techno Prototype Pilot Startup CREATE '15 Idea Sociol 1|Page Pilot Startup CREATE ’15 These rules will be followed at the time of registration: I. II. III. IV. V. VI. VII. VIII. All registration will be conducted online through a stipulated portal. Verbal/informal registration will not be entertained. Business ideas can only be registered in one of the two categories. Participants will compete against other participants in the same category. Each category will have a different grading scheme (see Grading Policy below). It is advisable for teams to indicate the sub-category during registration. However, team may develop their ideas overtime to improve their chances of winning. In such cases, teams should indicate the minimum level (defined by our subcategories) which they are confident to achieve. Each team should consist of 4 members. Team members may belong to different disciplines. All team members should be students currently studying in any recognized university of Pakistan. Employed persons are not allowed. Age of all participants must be within 18-25 years bracket. Each team has to provide proof of their authenticity in the form of Permission Letter from registrar of their university (this will help us in security clearance of participants). The permission letter will be received by the organizers (either electronically or by mail) by a stipulated deadline. Teams, residing outside Islamabad, will have the option of applying for hostel accommodation and messing in PIEAS. Accommodation will be provided only for final event and no accommodation will be provided for mentoring session. For this, teams have to indicate the exact no. of male/female participants wishing to avail the option during registration. Late registration/notification of extra members will not be entertained. MENTORING WORKHOP Following the idea registration stage, we plan to arrange mentoring workshops for all the participating teams. However, only team residing in Islamabad/Rawalpindi and their suburbs will be able to attend. Teams from other cities are most welcome to attend the workshops but their travelling expense will not be reimbursed by the university, nor will they be offered any accommodation in PIEAS. For such teams, mentoring material (such as video coverage of the session) will be provided online. The mentoring session will span over a period of 2 days over a weekend. The registered teams will be divided into appropriate batches and they are to attend their mentoring session on both of the days. The expected no. of teams is 100. Industrial Mentors: Since we will be allowing only two categories of ideas so we will invite mentors from both fields. These mentors will help teams with their ideas. Students Mentors: In PIEAS we have plenty of students who have been selected for international entrepreneurship & leadership conferences and have made us proud their outstanding achievements. Since they have greater exposure and have been a part of these kind of activities for long time so we plan to assign them the status of student mentors. They will guide team about their ideas in terms of international value of their product. Daily Schedule: Time Activity 8:45-9:00 am Recitation of Holy Quran 9:00-10:30 am Executive Summary & Elevator Pitch Guidelines 10:30-11:00 am Tea break (interactive session with teams) 11:00-12:45 Final Presentation guidelines 12:45-1:30 Lunch & prayer break 1:30-3:45 Time slots assigned to each team for discussing their issues with mentors SUBMISSION PHASE After mentoring workshop each team will have to submit Executive Summary & Elevator Pitch of their idea by the announced deadline. To help the teams, sample documents and videos will be provided. Based on these submissions a confidential panel of professional judges will screen out 5 best ideas for both the categories. No one will be allowed to affect the judges’ decision. BUSINESS PLAN PRESENTATION Final presentation will be scheduled 3 days after announcement of the submission phase result. Each team will prepare their idea’s final presentation based on the specific set of instructions provided to them. They will present their ideas in front of panel of judges. After a presentation, the judges may ask questions from teams to clarify any ambiguous point. 3|Page CREATE ’15 Following the presentations, Judges will be given time to compile their results and declare 1st, 2nd & 3rd positions in both categories. It is likely that potential business plan investors will be present in the competition for business startups. The investors may influence their decisions based on grades allotted by the judges as a guideline, although this may not be necessary. Chairman PAEC will be invited to distribute prizes & certificates among the winners & conclude the ceremony with his kind words. GRADING POLICY The grading policy is different for each category of CREATE ’15. Teams will be graded with increasing points awarded from a to c sub-categories. All grades are marked as points and reported in percentages. Executive Summary Feature Word Length Document Elegance Corporate Structure Idea Market Need / Opportunity Size Competition Customers Business Mechanism Marketing Strategy Team Projected Finances (figurative data) Projected Finances (graphical data) Factual/Survey Statistics Timeline (in future) Risks & Mitigation Pans Exit Strategy Weightage Elevator Pitch Feature Weightage Duration Language Speech Speed Tone Facial Expressions Gestures Clothing Background Editing Skills Final Presentation Feature Duration Language Speech Speed Tone Facial Expressions Gestures Clothing Multiple Presenters Document Style 5|Page Weightage CREATE ’15 Idea Market Need / Opportunity Size Competition Customers Business Mechanism Marketing Strategy Projected Finances (figurative data) Projected Finances (graphical data) Factual/Survey Statistics Timeline (in future) Risks & Mitigation Pans Exit Strategy Images Call for Action Interaction