NYU Stern

Understanding the Process

The $200K Entrepreneurs Challenge consists of four rounds of judging. This year's competition kicks-off on September 18, 2014 and culminates with the Final Round on May1, 2015. Unless otherwise specified, the process described below applies to all three competitions. All activities are held at NYU Stern, 44 W. 4th Street, NYC.

The timeline, At a Glance will be available the end of August. Be sure you are eligible to enter. Read the Rules & Eligibility section.

How to enter
Registration is open from August 14, 2014 to Thursday, October 2, 2014. Teams must register online to enter the competition and pay the entry fee: $75/per student team; $150/ per alumni, faculty or staff team. The primary contact person pays the fee.  However, all team members must register. 

Instructions: Part 1:
1. Register at http://w4.stern.nyu.edu/berkley/forms/registration
2. Select your industries, skills, and role(s)
3. Pay the entrance fee
4. Enter your venture's details (add your team members here--be sure that the e-mail addresses match the ones they register with)
5. Once the registration fee is paid, the appropriate link to gust.com based on your venture's track (Social/Traditional/Tech-IT/Tech-Biomedical) will be displayed. The lead/primary person will need to go back into the profile page and click on submit venture. The gust link will be visible.


Once the team is registered, you will receive a link to an online platform for your submissions. Your one-page venture summary, and all other competition submissions will be done using that platform. The Berkley Center has a private site within gust.com to manage the competition submissions. If you experience any problems, please e-mail, lpoole@stern.nyu.edu

Teams must submit a one page venture summary. New Venture Competition Summary Guidelines; Social Venture Competition Summary Guidelines; NYU Technology Venture Competition Summary Guidelines.

We recommend watching the video: Alex Osterwalder on Business Model Innovation and downloading Osterwalder's Business Model Canvas

Online Judging

Deadline: Friday, November 14 by 3:00 p.m.

Teams must submit a Feasibility Analysis.

(Criteria will be available by August 13, 2015)
New Venture Feasibility Analysis
Social Venture Feasibility Analysis
Technology Venture Feasibility Analysis


All submissions are made online. Venture Summary must be accompanied by a signed Statement of Eligibility.

Evaluators will select the Quarter finalist teams who will advance to Round 2.

Disqualification: Entries will be immediately disqualified for the following reasons.
  • Submissions received after 1:00 p.m. on November 14 . (Please note that materials sent at 1:01 p.m. will be considered ineligible.)
  • Failure to submit a signed eligibility statement by 1:00 p.m. on November 14.
  • Failure to submit in the required format.
Feedback: All entrants, even those that do not advance to Round 2, will have an opportunity to meet privately with coaches to explore next steps for the venture. All venture summaries are read and ranked by two external reviewers comprised of angel inventors, entrepreneurs, and industry  experts.
 

Round 2 (Quarter-finalist Round)

December 5, 2014

Quarter-finalist teams pitch before a panel of judges on December 5. Team presentations are 5 minutes followed by 15 minutes of Q&A/Feedback.
The judges will select the semi-finalist teams. Those teams recommended will advance to Round 3.

Round 3 (Semi-Final Round)

April 17, 2015

The Semi-Final Round will be held April 17, 2015.

Submission: 12-15 page start-up plan and 3 minute power point with audio or video (not to exceed 180 mb)

All semi-finalists will pitch their ventures before a panel of judges. Team presentations are 10 minutes followed by 15 minutes of Q&A/Feedback.
Those teams recommended to advance by the Semi-Final Judges will compete in Round 4 (Finals Round).

Round 4 (FInal Round)

May 1, 2015

Finalist teams will present to the Final Round Judges on May 1, 2015. Team presentations are 10 minutes followed by 15 minutes of Q&A/Feedback.

Submission: 12-15 page start-up plan and 3 minute power point with audio or video (not to exceed 180 mb)

Winners will be announced at an Awards Reception the evening of May 1. Final Round Judges reserve the right to declare more than one winner. In such a case, the judging panel can vote to split the total prize money between more than one team.
The decision of all Entrepreneurs' Challenge judging panels are final.

Fast Facts

  • More than 556 aspiring entrepreneurs entered the 2013-2014 Entrepreneurs Challenge comprising over 220 teams.
  • The competition attracts students, alumni, researchers and faculty from across NYU's campus.
  • Did you know that a business background is not required to enter the competition? Recent winners attended NYU-Poly, Tisch-ITP, Stern, Steinhardt and the College of Arts & Science.