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Rules
(Click
here for judging criteria)
Before
you can win, you have to know the rules of the game.
Who's
Eligible to Participate?
There's a place for everyone in Mosh Pit . . . From students who
have a business plan idea and a dream of launching his or her own
business to those who may not have a business idea, but simply wants
to participate, network and at some point down the road, be part
of an entrepreneurial team.
Any
full or part-time undergraduate students enrolled in a Maryland
college university or college are eligible to participate.
**Note:
businesses and/or ideas that are not original student ideas, are
technology transfer or are currently generating revenue are not
eligible to participate in MoshPit. **
The
Pit - Registering your Idea
Entrepreneurs/Teams interested in participating in MoshPit, must
submit a brief description of their idea by Tuesday, February 26th
at 5:00pm. Only 40 teams, who have been pre-approved and notified,
will be eligible to present (90 second pitch) at The
Pit on March 26th. Teams that fail to register their idea cannot
present at The Pit and therefore will not be eligible for the competition.
The purpose of your 90 second pitch is to encourage others (eg.
students and advisors) to join YOUR team - why your idea is the
best.
Building a Team
Each team must consist of 3-7 students and 1-3 "Advisors".
Team may come to The
Pit 'pre-formed' (already have 3-7 students), but they must
still recruit their 1-3 advisors.
We strongly encourage teams to build a strong and diversified team
to include students from various majors/backgrounds (eg. business,
finance, tech, etc.). The Advisors, provided by the GBTC, are some
of Maryland's top tech entrepreneurs and business professionals.
They play a critical role - providing advice, coaching and sometimes
asking the 'tough' questions - and will help you improve your business
plans. Teams will be finalized at the end of The Pit. Note: students
and advisors may only participate on one team. Once you submit your
team at The Pit, your team is set. You cannot add/remove students
from your team.
Business Plans
Business
plans are due by April 9th at 5:00pm to melaniek@gbtechcouncil.org
and should be no more than 5 pages in length. The plans should be
pre-revenue (Note: companies generating revenue are not eligible
to participate in MoshPit). Your business plans (eg. ideas) do not
need to be technology based, they must employ technology as a significant
part of the company's service, product, implementation, delivery
or sales.
Finals
The
Selection Committee, comprised of MoshPit Sponsors will meet on
Monday, April 14th to review and judge all eligible business plans.
Up to seven (7) teams will be selected for the Finals.
Finalists to be notified on Tuesday, April 15th. At the Finals,
teams will have five (5) minutes to present their plans to the panel
of judges and ten (10) minutes for questions. Each judge will have
$5 million MoshPit! dollars to invest in any combination of teams.
The teams that garner the most investment dollars, win cash prizes.
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