Future Students

Business Plan Competition

Business Plan Competition

All AACC students (credit and non-credit) are invited to compete for up to $50,000 in seed funds, $10,000 in scholarships and space in the student business incubator valued at $950.  

Business plans are due April 6, 2016 by 12:00 p.m.  Please see specific submission requirements outlined below.  Finalists will be invited to present their business plans to a panel of judges consisting of experts from the business, legal, government, and education communities.  Presentations are scheduled for April 27, 2016 from 9:00 a.m. to 12:00 p.m.

Requirements are as follows:

Submit three copies of your business plan, no longer than 40 pages, excluding appendices. It must have the generally accepted components in a business plan, including, but not limited to, the following:
~ Table of Contents
~ Executive Summary
~ Industry and Target Market Analysis
~ Marketing Plan
~ Management Team's qualifications
~ Operations Plan
~ Milestones showing the expected timing of steps in the development of the venture
~ Pro Forma Financials for 2 years (relevant assumptions for the pro forma should be included):
a) Income statement (monthly)
b) Cash budget (monthly)
c) Balance sheet (quarterly)  

Approximately two weeks after the competition entry deadline, finalists will be selected to make oral presentations of their plans to a panel of venture capitalists, commercial lenders, entrepreneurs, and entrepreneurship scholars. 

The plan may be for a new start-up venture, a new product, or market development in an existing venture that is less than 3 years old.

Students who enter the competition must be in good standing according to the AACC student handbook.  Students who completed course work at AACC in the fall 2015, or are currently enrolled in at least one credit or non-credit course at AACC are eligible to compete.

Teams may also enter. At least 50% of the team, and preferably more, must meet the above enrollment criteria.

Any team that enters must be clearly identify their principals in their submission including names, addresses, telephone numbers, and e-mail addresses.

All entrants will be required to attest to the fact that their business plan is original. Submissions and the original concepts they contain are recognized as confidential and will not be disclosed outside the committee of judges without the entrant's permission.

Plans and presentations will be judged on the following criteria:
a) A compelling explanation of the business opportunity
b) Feasibility of the plan
c) Clear delineation of market and its size
d) Strategy for capturing market share
e) Management team's qualifications and abilities
f) Financial plan that is consistent with the market size, strategy, and expected returns
g) Effective communication of all of the above in the plan and presentation

Business Plan Submissions should be sent to:

Business Plan Competition
Entrepreneurial Studies Institute
Anne Arundel Community College
CRSC 322
101 College Parkway
Arnold, MD 21012

Questions may be emailed to esi@aacc.edu.