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FAQs
Following
is a list of frequently asked questions about MoshPit - the world's
coolest business plan competition. If you have any further questions,
please contact Steve Kozak at stevek@gbtechcouncil.org.
What
is MoshPit?
Why MoshPit?
Who is eligible to compete in MoshPit?
How do I build my team?
What if we already have 3 students on
our team, do we still need to recruit additional students?
Can students participate on more
than one team?
What are you looking for in the business
plan?
Any restrictions or requirements
for the business plans?
Is my business plan (or intellectual
property) protected?
Are we expected to launch our ideas into
a 'real' business after MoshPit?
What
happens at the Finals?
How can I get involved with the MoshPit?
Are there resources available to help
me draft a business plan?
How can I sponsor MoshPit?
What
is MoshPit?
Created by the Greater Baltimore Technology Council (GBTC), MoshPit
is a business plan competition open to any full or part-time undergraduate
or graduate student enrolled in a university or college in Maryland.
It provides an opportunity for students to experience every aspect
of starting a business. Student participants learn how to form a
qualified team and write a competitive and realistic 2-5 page business
plan. A selection committee will review all the plans and select
up to seven (7) teams to participate in the Finals. At the Finals,
teams present to a panel of judges and the teams that secure the
most MoshPit investment dollars, win. Top
Why
MoshPit?
MoshPit was created to encourage entrepreneurship. Students will
also gain the practical and real world experience that looks great
on a resume. And along the way, you'll make connections to the business
community. Top
Who
is eligible to compete in MoshPit?
MoshPit is open to any full or part-time undergraduate student enrolled
in a university or college in Maryland. **Note: businesses and/or
ideas currently generating revenue are not eligible to participate
in MoshPit** Top
How
do I build my team?
At
The Pit, student entrepreneurs will have 1-2 minutes at the mic
to present their idea and get others (students and advisors) interested
in joining your team. Top
What
if we already have 3 students on our team, do we still need to recruit
additional students?
No, but we strongly encourage teams to be diversified (eg. business,
finance, tech, etc.). The more diversified your team, the better
your business plan. And remember, you must still recruit 1-3 advisors.
Top
Can
students participate on more than one team?
No. Top
What
are you looking for in the business plan?
The GBTC provides the template for your business plan and it essentially
covers six (6) core areas: 1) Opportunity/Market Problem, 2) Solution/Value
Proposition, 3) Marketplace & Competition, 4) Marketing, Sales
& Growth Strategy, 5) Compelling Investment Opportunity and
6) Financial Projections. Top
Any
restrictions or requirements for the business plans?
Businesses do not need to be technology based, but must employ technology
as a significant part of the company's service, product, implementation,
delivery or sales. Top
Is
my business plan (or intellectual property) protected?
Yes, business plans shall be treated as confidential material of
the students. We will not distribute any copies of the submitted
business plans except for the purpose of judging. Top
Are
we expected to launch our ideas into a 'real' business after MoshPit?
No. MoshPit is a perfect forum to bring your 'rough' ideas, and
get some brain power from other students and advisors to help refine
your idea. And while we don't expect students to launch their businesses
the day after MoshPit, you never know what could happen down the
road. Top
What
happens at the Finals?
The teams that advance to the Finals will have 10 minutes to formally
present their business plan and answer questions from a panel of
judges. Each judge has $5 million MoshPit dollars to invest in any
combination of teams. After the presentations, the judges will make
their investment decisions. Teams that secure the most investment
dollars, win. Top
How can I get involved with MoshPit?
Students - get on our "Student" email list. Send
a blank email to subscribe-moshpit@lists.gbtechcouncil.org.
GBTC members - get on our "Advisor" email list.
Send a blank email to subscribe-moshpitadvisors@lists.gbtechcouncil.org.
Contact Heather Morris
to get your name on our advisor list on the website.
Professors - have us come make a presentation at your school.
Send an email to Melanie Kelleher at melaniek@gbtechcouncil.org.
Top
Are
there resources available to help me draft a business plan?
Yes, go to resources.
Top
How can I sponsor MoshPit?
Contact Steve Kozak (stevek@gbtechcouncil.org)
regarding sponsorship opportunities. Top
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