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[[File:Business-model-competition.jpg]] The [http://www.businessmodelcompetition.com <b>Business Model Competition(BMC)</b>]<span style= Overview ="font-size: small;">, or International Business </span>
<span style="font-size:small;">The [http://www.businessmodelcompetition.com <b>Business Model Competition(BMC)</b>], or International Business Model Competition(IBMC), is a unique business development competition that differentiates itself from other business plan competitions by stressing the value of validation with real customers, described in the following video:</span>
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= Business Model Canvas =
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<span id="docs-internal-guid-c6aa8d59-e194-5b68-5ebc-a82fbfdeaa35"><span style="text-decoration-line: underline; font-size: 12pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">[https://www.youtube.com/watch?v=QdAPVp6ZhfU https://www.youtube.com/watch?v=QdAPVp6ZhfU]</span></span>
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== <br/> ==
= Success Stories<br/> =
= [[File:Kaitek.PNG|none|Kaitek.PNG]]<br/> =
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<span style="background-color: transparent; font-family: Arial; font-size: 12pt; white-space: pre-wrap;">Kaitek Labs, Pontifical Catholic University of Chile</span>
== '''<span id="docs-internal-guid-3d7bb6be-e0f5-6b4d-7328-c7b49f41cfca"><span style="font-size: 12pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">1st Place, 2015</span></span> =='''
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<span id="docs-internal-guid-3d7bb6be-e0f5-6b4d-7328-c7b49f41cfca">[http://www.kaiteklabs.com/ <span style="font-size: 9pt; font-family: Arial; background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">kaiteklabs.com</span>]</span><br/><span id="docs-internal-guid-3d7bb6be-e0f5-6b4d-7328-c7b49f41cfca"><span style="font-size: 9pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Kaitek Labs are transforming bacteria into computers. Kaitek Labs uses microorganisms’ natural capacity to gather and process information about its surroundings. This natural functionality gives both a purpose and a human interface to turn bacteria into information gathering machines,capable of expressing their findings to human users.</span></span>
<br/><span id="docs-internal-guid-3d7bb6be-e0f5-6b4d-7328-c7b49f41cfca"><span style="font-size: 9pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Founded in 2013 by Emilia Diaz in Santiago, Chile, the company has expanded and gained support of the Chilean government granting Kaitek $350K for development. Reflecting on the 2015 IBMC Emilia said, “Do not underestimatewhat lean methodology can do for you. At first I honestly thought there was absolutely no way I could apply it to slow, expensive biotech, but I actually found it a great tool when it comes to trying to move as quickly as possible….We have used it many times before and after IBMC to decide what experimental line to pursue.”</span></span>
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= Important Dates - 2018<br/> =
<span style="color:#000000;"><span id="docs-internal-guid-71fb2125-e1aa-6b98-8efe-50323b058efb"><span style="font-size: 11pt; font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In short, IBMC emphasizes these three key steps:</span></span></span>
#'''<span style="font-size:small;"><span style="background-color: transparent; font-weight: 700; white-space: pre-wrap; color: rgb(0, 0, 0); font-family: Arial;">Identifying and tracking business model hypotheses</span><span style="background-color: transparent; font-weight: 700; white-space: pre-wrap; color: rgb(0, 0, 0); font-family: Arial;"></span><br/></span>'''#'''<span style="font-size:small;"><span style="background-color: transparent; font-weight: 700; white-space: pre-wrap; color: rgb(0, 0, 0); font-family: Arial;"></span><span style="background-color: transparent; font-weight: 700; white-space: pre-wrap; color: rgb(0, 0, 0); font-family: Arial;">Testing and validating these hypotheses with customers</span><br/></span>'''#'''<span style="font-sizecolor:small#000000;">'''<span style="background-color: transparent; font-weightsize: 700; white-space: pre-wrap; color: rgb(0, 0, 0); font-family: Arialsmall;"></span>Iterating their business model based on customer feedback</span>'''</span>
= Impact Achieved For Students and Campus =
= <span style="font-family:arial,helvetica,sans-serif;">Applying to the IBMC</span><br/> =
= '''<span style="font-size:medium;"><span style="font-family:arial,helvetica,sans-serif;">Teams must fill out and submit the application form at the beginning of January. However, before submitting the application, teams also need to complete the following:</span></span> ='''<ol style="margin-top:0pt;margin-bottom:0pt;"><li><span style="font-size:medium;"><span style="color:#000000rgb(0, 0, 0);"><span><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Create a 5-8 minute video presentation</span><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">describing the customer discovery and validation you have been through with your idea and business model. You may use PowerPoint, Keynote, Prezi or any other presentation software. The presentation needs to be narrated and saved as a video file. See the "Presentation Video Creation Tools" section of the</span></span></span><span id="docs-internal-guid-c6aa8d59-e197-00ac-16ee-72c505f62baf">[http://www.businessmodelcompetition.com/preparing-your-submission.html <span style="color:#000000;"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">Preparing Your Submission</span></span>] </span><span style="color:#000000rgb(0, 0, 0);"><span><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">page for help doing this. </span><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">We also strongly encourage you to check out the submission example videos on that same page.</span></span></span></span></li><li><span style="font-size:medium;"><span style="color:#000000rgb(0, 0, 0);"><span><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Upload your video </span><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">to</span></span></span><span id="docs-internal-guid-c6aa8d59-e197-00ac-16ee-72c505f62baf">[http://www.youtube.com/ <span style="color:#000000;"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">YouTube</span></span>]</span><span style="color:#000000rgb(0, 0, 0);"><span><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">(</span><span style="font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">if you want to keep your video hidden </span><span style="font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">mark it as "unlisted" NOT "private,"</span><span style="font-style: italic; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">only someone logged into your account can watch your videos marked private</span><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">).</span></span></span></span></li><li><span style="font-size:medium;"><span style="color:#000000rgb(0, 0, 0);"><span><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Indicate that your team</span><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">understands and agrees to the items outlined in the</span></span></span><span id="docs-internal-guid-c6aa8d59-e197-00ac-16ee-72c505f62baf">[http://www.businessmodelcompetition.com/certifications--agreements-form.html <span style="color:#000000;"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">Certifications and Agreements Form</span></span>]<span style="color:#000000rgb(0, 0, 0);"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">. This form is also included in the appendix of the</span></span>[http://www.businessmodelcompetition.com/rules--info-packet.html <span style="color:#000000;"><span style="font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">Competition Rules and Information Pa</span></span>]</span></span></li>
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'''<span style="font-size:medium;"><span style="color:#000000rgb(0, 0, 0);"><span id="docs-internal-guid-c6aa8d59-e197-00ac-16ee-72c505f62baf"><span style="font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">2018 Application form: [http://www.businessmodelcompetition.com/apply.html http://www.businessmodelcompetition.com/apply.html]</span></span></span></span><span style="background-color: transparent; font-family: Arial; white-space: pre-wrap; color: rgb(0, 0, 0); font-size: medium;">(Due April 1st)</span>'''
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= <span style="font-family:arial,helvetica,sans-serif;">How to Win IBMC</span> =
<span style="font-size:small;"><span id="docs-internal-guid-71fb2125-e12f-622d-1571-d0a222c2c86c"><span style="font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">IBMC made a strategic guideline to help universities start the BMC qualifier competition on their campus. The detailed documentation can be downloaded here: </span>[http://www.businessmodelcompetition.com/uploads/5/1/5/7/5157318/_creating_a_university_competition.doc <span style="font-family: Arial; background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">Download Guideline</span>]<span style="font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">.</span></span></span>
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= Contact Information =
'''Rollins Center for Entrepreneurship & Technology'''<br/><span style="font-size: 12px">470 Tanner Building<br/>Marriott School of Management<br/>Brigham Young University<br/>Provo, UT 84602</span><br/><span style="font-size: 12px">Phone: (801) 422-7437<br/>Fax: (801) 422-0109<br/>E-mail: rollinscet@byu.edu</span>
= Student Contributors =
[http://universityinnovation.org/wiki/Haley_Brengartner http://universityinnovation.org/wiki/Haley_Brengartner]
[http://universityinnovation.org/wiki/User:Codybrock http://universityinnovation.org/wiki/Cody_brock]
= References =
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[[Category:ResourcesOrganizations]]