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Venture Accomplishments and Objectives Requirements
Maximum Length: 1 page, single spaced
Format: Font: Times New Roman, 11 point
On upper right corner of each page of essay and business overview: Primary Applicant Name/Venture Name
Content
- List up to five of your most significant accomplishments with this venture concept to date.
- List the five most significant objectives you have for the next three months for this venture and how you think the Venture Initiation Program will assist you in achieving them.
- State whether the venture has generated revenues to date and, if so, the total revenues.
Business Overview Requirements
Maximum Length: 3 pages, single spaced
Format: Same as above for "Venture Accomplishments and Objectives"
Content
- 1. Proposed Product/Service
- 1.1. Description of value proposition and features
- 2. Target Market
- 2.1. What market needs does the product/service address?
- 2.2. Who is the target customer?
- 2.3. Estimated size and value of market (current and projected)
- 3. Competitive Landscape
- 3.1. Overview of competitive landscape
- 3.2. Describe the intellectual property associated with the business
- 3.3. What are your competitive strengths?
- 3.4. Describe your competitors' strengths and weaknesses
- 3.5. What are the barriers to entry?
- 4. Plan for Execution
- 4.1. Current status of project (i.e. design, prototype, etc)
- 4.2. Amount and uses of seed funding required
- 4.3. Milestones for the next 6-12 months
- 4.4. Background information on founding team
- 5. Risk Analysis
- 5.1. Describe any risks/challenges inherent in the proposed plan
- 5.2. How do you intend to mitigate these risks and meet these challenges?
- 6. Revenue Model
- 6.1. How your company plans to generate revenue