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{{#Widget:Youtube|<span id=rS6fHW9pRek}}"docs-internal-guid-c6aa8d59-e194-5b68-5ebc-a82fbfdeaa35"> </span>
{{#Widget<span id="docs-internal-guid-c6aa8d59-e194-5b68-5ebc-a82fbfdeaa35"><span style="font-size: 12pt; font-family: Arial; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">[https://www.youtube.com/watch?v=0im-6nVFfxs https:Youtube|id//www.youtube.com/watch?v=BpNVCXxAjio}}0im-6nVFfxs]</span></span>
{{#Widget== 3rd Place - ABAL Therapeutics<span style="font-size:Youtube|id=p2bXN38K38A}} <12pt; font-family: Arial; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">, University of Iowa</div>span> ==
= [[File:Kaitek.PNG|none|Kaitek.PNG]]<br/> =
== '''<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> =='''
To apply '''4. Tracks''' your progress by using a [http://www.businessmodelcompetition.com/canvases.html canvas]. Consider using a digital tool to help with this process. A few are:<ul style="list-style-type: circle; margin-left: 40px;"><li>[https://strategyzer.com/canvas Business Model Toolbox for iPad ](from creators of Business Model Canvas)</li><li>LEANSTACK.com (from the IBMC, teams must fill out and submit the application form at the beginning creator of JanuaryLean Canvas)</li><li>LeanMonitor.com</li><li>Business Model Fiddle</li><li>TheStartupToolkit. However, before submitting the application, teams also need to complete the following:com</li></ul>
#Create a video presentation describing '''5. Watch '''the upfollowing videos on the IBMC website:<ul style="list-style-totype: circle; margin-date validation and customer discovery with the idea and business modelleft: 40px;"><li>[http://www.businessmodelcompetition.com/training-workshop-videos.html Submission Orientation & Best Practices]</li><li>Submission Examples</li>#Upload the video to YouTube<li>[http://www.businessmodelcompetition.com/past-winner-videos.html Past Winners]</li>#Fill out and sign the Certifications and Agreements (to be scanned and uploaded in the application form)</ul>
2014 Application form '''6. Follow '''these blogs and social media accounts:<ul style="list-style-type: circle; margin-left: 40px;"><li>[httphttps://www.businessmodelcompetitionfacebook.com/apply.html newcareer/ IBMC Facebook and Twitter]</li><li>[http://wwwblog.strategyzer.businessmodelcompetitioncom/ Strategyzer Blog]</li><li>[https://steveblank.com/applySteve Bank's Blog]</li><li>[http://ashmaurya.htmlcom/ Ash Maurya's Blog] (Due March 31st)</li></ul>
=== [http://www '''7.businessmodelcompetition.com/starting-a-competition.html Host Qualifier Competitions] ===Complete '''the submission form on the IBMC website prior to the deadline
IBMC encourages the development You can find a PDF of qualifier competitions at other colleges and universities. The winners of these competitions will receive an automatic advancement in the International Competition, while other contenders may still apply through the [[#General_Application|General Application]]. Any college or university interested in hosting a local competition is encouraged to contact businessmodelcompetition@gmail.comthis checklist here
IBMC made a strategic guideline to help universities start the BMC qualifier competition on their campus. The detailed documentation can be downloaded here<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: [httpbaseline; white-space:pre-wrap;">The organizers of the International Business Model Competition encourage the development of similar competitions</span></www.businessmodelcompetition.comspan></uploads/5/1/5/7/5157318/_creating_a_university_competitionspan><span style="background-color: transparent; font-family: Arial; white-space: pre-wrap; font-size: small;">at schools throughout the world.doc Download Guideline]Business model competitions transform student entrepreneurs' perspectives, helping them learn a more effective approach to entrepreneurship that dramatically increases their chances of success. In summaryEven if your school already holds a business plan competition, the guideline discussed three topics:experience has shown that holding a BMC before or in conjunction with a business plan competition or new venture competition leads to significantly better businesses.</span>
*'''Building the Competition'''*'''Organizing the Competition'''*'''Running the Competition'''<span style="font-size:small;"><span id="docs-internal-guid-71fb2125-e12f-622d-1571-d0a222c2c86c"> </span></span>
Creating a university <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;">Universities interested in hosting their own qualifier competition requires must have a group full-time faculty or staff that will hold the position of leaders that include at least one faculty adviser and one student competition director. The next primary objective is securing funding for the event and building to insure the rest longevity of the competition. It is also strongly recommended that this director leverage an existing student club or assemble a teamof student leaders to run the competition. To assist If would like to start a qualifier competitions, the IBMC has several resources available through Dropbox. The competition at your school representative need to contact the or have an existing competition serve as an IBMC or one of its administrators Qualifier Competition, send an email to request access to the files</span>[mailto:businessmodelcompetition@gmail. To ask for any additional resources, an applicant can contact com <span style="font-family: Arial; background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">businessmodelcompetition@gmail.com</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>
<div style="float: right; clear: right; margin-left: 10em; margin-right: 10em"><br/></div>= Overview = [[File:Business-model-competition.jpg|thumb]] =
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>
<div class="center" style="width: auto; margin-left: auto; margin-right: auto">
{{#Widget:Youtube|id=K0gqNWQ8j-E|width=800p|height=400p}}
= Business Model Canvas =
<div style="float: right; width: auto; margin-left: 5em; margin-right: 5em">
{{#Widget:Youtube|id=QoAOzMTLP5s|width=600p|height=400p}}
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[[File:Business-model-canvas.png|thumb|center|500px]]
= IBMC 2013 2017 Winners<br/> =<div class="center" style="width: auto; margin-left: auto; margin-right: auto"></div>== First 1st Place - [http://instapathbio.com/ <span style="font-size: 12pt; font-family: Arial; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; vertical-align: baseline; white-space: pre-wrap;">Instapath</span>]<span style="font-size: 12pt; font-family: Arial; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">, Tulane University</span> == <span id="docs-internal-guid-c6aa8d59-e194-5b68-5ebc-a82fbfdeaa35"><span style="font-size: 12pt; font-family: Arial; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">[https://www.youtube.com/watch?v=F7AYHJAkK-A https://www.youtube.com/watch?v=F7AYHJAkK-A]</span></span>
== Second 2nd Place - Rubi<span style="font-size: 12pt; font-family: Arial; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">, Brigham Young University</span> ==
<span id== Third Place =="docs-internal-guid-c6aa8d59-e194-5b68-5ebc-a82fbfdeaa35"> </span>
<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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= Success Stories<br/> =
<div></div>
<span style="background-color: transparent; font-family: Arial; font-size: 12pt; white-space: pre-wrap;">Kaitek Labs, Pontifical Catholic University of Chile</span>
<div>
<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>
<div><br/></div></div>
= Important Dates - 2018<br/> =
IBMC wants to dramatically improve the success rate of new ventures by bringing a very different perspective to entrepreneurship. Instead of asking its participants to research existing business models, or craft a perfect sales pitch, IBMC focuses on the process of developing and validating the perfect business models by encouraging its participants to identify and clarify the assumption in the model. IBMC believes that entrepreneurship should not be similar to managing a corporation, since the problems they are facing and the dynamics are very different. As the first international competition of its kind (open to all students) IBMC ultimately wants to change the way entrepreneurship is currently being taught and bring our attention to the importance of validating assumptions.
= Distinct Differences From Other Offerings Startup Competitions =
<span style="color:#000000;"><span id="docs-internal-guid-71fb2125-e1aa-6b98-8efe-50323b058efb"><span style="font-size: 11pt; font-family: Arial; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The IBMCis a unique student startup competition focused on the inputs, unlike other business competitionsnot the outputs, stresses of the entrepreneurial process of developing a validated business model. </span><span style="font-size: 11pt; font-family: Arial; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The competition is looking for its participants to identify requires active identification and validate validation of crucial business model hypotheses rather than the underlying assumptionswriting of a static business plan, no matter how advanced talking to customers outside the building rather than gathering secondary data inside the building, applying customer development rather than relying on product development, and “pivoting” or big the market. The competition will eventually be judged changing course rather than executing on the development process and final business modelplan.</span></span></span>
<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>
#'''Identify the assumptions<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>'''#'''Test the assumptions <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;">Testing and validating these hypotheses with real customers</span></span>'''#<span style="color:#000000;">'''Pivot and tell the story<span style="font-size:small;">Iterating their business model based on customer feedback</span>'''</span>
= Impact Achieved For Students and Campus =
[[File:Participating universities.PNG|700px|Participating universities.PNG]]
= <span style="font-family:arial,helvetica,sans-serif;">Steps Required To Bring Resource to Campus </span> =
There are two ways to become involved with the IBMC:
The Business Model Competition is open to all participatants who meet the [http://www.businessmodelcompetition.com/eligibility-criteria.html Eligibility Criteria]. Bringing this competition to campus doesn't establish the necessity to submit any application to BMC or the requirement to establish a local chapter on campus. Although, BMC does enforce a set of rules that ensure the strong representation of students within the competing teams, allowing for the attraction of new student entrepreneurs.
=<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: rgb(0, 0, 0);"><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 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: rgb(0, 0, 0);"><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></li><li><span style="font-size: medium;"><span style="color: rgb(0, 0, 0);"><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 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: rgb(0, 0, 0);"><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></li><li><span style="font-size: medium;"><span style="color: rgb(0, 0, 0);"><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 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: rgb(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></ol> '''<span style="font-size: medium;"><span style="color: rgb(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-2014space: pre-wrap; color: rgb(0, 0, 0); font-size: medium;">(Due April 1st)</span>'''<div><br/></div>= <span style="font-family:arial,helvetica,sans-serif;">How to Win IBMC</span> = '''1. Complete''' [https://www.html udacity.com/course/how-to-build-a-startup--ep245 Steve Bank's "How to ApplyCreate a Startup" course on Udacity] '''2. Seek Out '''an appropriate mentor(s) and meet frequently with them to help you through the lean startup process. '''3. Familiarize '''yourself with the following IBMC website resources:<ul style="list-style-type: circle; margin-left: 40px;"><li>[http://www.businessmodelcompetition.com/uploads/9/5/4/5/95454954/ibmc_rules_and_info_packet_2018-01-01.pdf Rules & Info Packet]</li><li>[http://www.businessmodelcompetition.com/uploads/9/5/4/5/95454954/ibmc_judging_criteria_2018-01-01.pdf Judging Criteria]</li><li>[http://www.businessmodelcompetition.com/validating-a-business-model.html Validating a Business Model]</li><li>[http://www.businessmodelcompetition.com/preparing-your-submission.html Preparing Your Submission]</li></ul> and the concepts in the books below (most of the books have [http://www.businessmodelcompetition.com/uploads/5/1/5/7/5157318/ibmc_booksummaries_2014.pdf summaries])<ul style=="list-style-type: circle; margin-left: 40px;"><li>Nail It, Then Scale It</li><li>Business Model Generation</li><li>The Startup Owner's Manual</li><li>Running Lean</li><li>The Lean Startup</li><li>Boom Start</li></ul>
= Creating a University Competition =
<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>
<div><br/></div>
= 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 =
<references />
[[Category:ResourcesOrganizations]]