GSBPC REGISTRATION

Global Startup Business Plan Competition Registration

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Global Startup Business Plan Competition (GSBPC) Results are here!

NEW Announcement: After a long and rigorous screening by both the technical committee “Jury” and the judges “Final Jury”, we are pleased to announce the the three team finalists by ranking for the Global Start up Business Plan Competition: 

First Place: Team Firebird

Second Place: – Auxulium (DAD Walker)

Third Place:  RIEGO

The ranking of the three team finalists has been announced during the UNIDO 50th Anniversary Expo Celebration in Vienna, while each team had an opportunity to provide a brief presentation. The top 3 winners will also be invited to the Kingdom of Bahrain on the 21st and 22nd of December to continue the award ceremony.

We also wish to thank the other applicants, teams, and related entities and associations for making the competition a tremendous success. The competition included a variety of innovative and exciting ideas from an impressive 94 countries across the globe. We wish you all mush success. Thank you. 

Target Group: Entrepreneurs/startups (with a new business idea) aged between 18 – 35

Deadline for submission: September 23rd 2016

The Global Start-up Business Plan Competition (GSBPC) aims at stimulating and unleashing the spirit of Entrepreneurship and innovation among potential entrepreneurs with ideas that contribute to their personal economic benefit and towards developing their communities.

The competition is organized by UNIDO, the UN specialized agency that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability, together with UNIDO’s Investment and Technology Promotion Office (ITPO) in Bahrain.

The GSBPC will incentivize potential entrepreneurs globally to participate in submitting their innovative entrepreneurial ideas through a Business Plan Template, with the opportunity of having it reviewed and recognized by designated experts.

The Competition, through its partners, will award entrepreneurs for their efforts and play an active role in facilitating the provision of support services with the ultimate objective of converting these dreams and ideas into existing businesses.

The following criteria will be the main points of focus, upon which your application will be judged.  It is important to adequately address each of these factors, in order to successfully present a well-rounded business plan. Further details are available in the Business Plan Template:

  • Business Idea – Uniqueness, Viability, Relevance
  • Product & Services – Description, Impact, Market Need
  • Competitors Analysis – Descriptions, Positions, Opportunities
  • Target Market – Definition
  • Marketing Plan – Nature, Relevance, Objectives
  • Startup Costs & Financials

The three winners will be awarded in Vienna on November 21st – 25th, during the celebratory event of the UNIDO 50th Anniversary.

 

The top three winners will receive the following prizes:

1ST Place: $15,000

2nd Place: $10,000

3rd Place: $5,000

 

All three winners will additionally be rewarded with:

  • A UNIDO certificate
  • Increased visibility for their start-up
  • A round-trip from home country to the UNIDO Headquarters in Vienna, Austria.
  • Accommodation and health insurance in Vienna (from the 21st November to the 25th November 2016).

The top 50 applicants will be provided the following:

Counseling and mentoring through UNIDO ITPO Bahrain (AICEI) for a period of 6 months.

IMPORTANT: Before applying, please make sure you are able to adhere to the following requirements and responsibilities

Application Participation Criteria Application Exclusion Criteria
ü  Age of participants must be between 18 and 35;

ü  Open to entrepreneurs/startups (new business idea);

ü  Participants may utilize the Business Plan template as a team (2-3 members);

ü  Application to be submitted online;

ü  The working language for all documents and communication Program is English.

 

 

û  The following individuals cannot participate, directly or indirectly, in the competition: employees of Organizers or its subsidiaries, affiliates, as well as companies wherein above mentioned companies have an equity stake. Applications submitted for the competition that potentially conflict with any laws and the Organizers code of conducts will be declined.

û  Plagiarism of the business idea and/or elements of the business plan.

û  Missing or misleading information in the application may lead to a decline of participation without further explanations.

û  Failure to apply or submit the application before indicated deadlines.

What other considerations need to be taken into account:

Selected applicants must UNIDO’s post-selection responsibilities to the applicant, UNIDO will
·       Be able to travel to Vienna (from 21st to 25th of November 2016)

·       Possess a valid passport for the duration of the visit and six months beyond the period of the trip

·       Be able to apply for and obtain a visa

·       Be able to support themselves financially during the duration of the stay in Vienna

·       Prepare a short presentation about their business plan to be delivered at the award ceremony

·       Provide an official invitation letter

·       Purchase travel tickets to and from Vienna

·       Provide health insurance for the duration of the stay

·       Arrange accommodation

 

  

Submission steps
All interested entrepreneurs will submit their applications online; entrepreneurs can register on the below webpage to receive information and download the Business Plan template, or communicate by email for the same.

 

Applicants and their applications confirm their agreement to GSBPC terms & conditions* once submitting their applications.

 

Deadline for submission is September 23rd 2016

Winners will be notified on 7th October 2016

For information on how to apply, please go to our webpage: www.aicei.net,

Or write to the email address: business-plan@unido.org

Further inquiries will only be answered from the provided email contact

Process:

1.Submission and Screening

  • Received Business Plans (using the business plan template) will be screened based on the exclusion criteria defined, and sorted according to meeting the mandatory and optimal requirements, defined in the online portal.

2. Evaluation and Shortlisting

  • A technical committee consisting of representatives and business counselors of Organizers (”Jury”) will be assigned to verify and evaluation applications.
  • Members of this Jury may vary for each round, and will shortlist applications using the evaluation criteria (listed above), to arrive at the top 10 semifinalists.
  • Jury may require Participants to provide additional information concerning their applications, and will contact such Participants using the contact details included in the submission form (email, telephone number).

  3. Final Judging/Jury:

  • 5 to 6 judges will identify the top three finalists from the shortlist.

  4. Awarding Ceremony:

  • The award ceremony will be held in Vienna on November 21st – 25th, during the celebratory event of the UNIDO 50th Anniversary

Further considerations:

  • By submitting the application for consideration, the candidate attests that:
    • It is an original self-written business plan by him/her/them.
    • The business plan has not been submitted or published in the past.
  • Participants whose contact information changes during the course of the competition are responsible for notifying UNIDO.
  • UNIDO reserves the right to disqualify candidates who breach the competition criteria.
  • Decisions taken by the UNIDO judges are final. Entrant agrees to comply with and be bound by the decisions of the panel of judges on all matters associated with the competition.
  • UNIDO will pay for round-trip air transportation via the most direct and cheapest route.
  • Winners allow UNIDO to use their names, photographs and business plans for promotional and publicity purposes.

* Terms of Use:

  • The Participants declare that they have the absolute ownership of the Project submitted for the competition and it is not subject to the conflict concerning intellectual and/or industrial property rights (trademarks, patents, copyrights, etc.).
  • Participants agree to indemnify and not to hold GSBPC organizers, its affiliates and partners responsible in the event that a third party initiates any claim, lawsuit or complaint within any forum, whether judicial or administrative agency against GSBPC organizers, concerning or in connection with the above-mentioned rights.
  • GSBPC organizers, its affiliates and partners shall not be held liable to the Participants or others for the viability or results of projects, or participate in the ownership or management of the Projects.