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Basic Info

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Name

IEC Role

Email

Cara Van Sant

  • Media inquiries

  • Competition sponsors and partners

  • Pitch practice

  • Questions about the competition

  • Questions about judges and scoring

  • Coaches coordination

caravansant@boisestate.edu

Hailey FackrellAlina Gilmore

  • Pitch practice

  • Help setting up Zoom dry-runs

  • Scheduling

  • Collecting logos, photos, etc.

  • Logistical questions

haileyfackrell@boisestatealinagilmore@boisestate.edu

IEC School Contacts

The following are official contacts regarding the IEC for their school

School

Contact Name(s)

Email(s)

Boise Sate University

Cara Van Sant

caravansant@boisestate.edu

BYU-Idaho

Rob Tietjen

tietjenr@byui.edu

College of Eastern Idaho

College of Idaho

College of Southern Idaho

Robin Bagent

rbagent@csi.edu

College of Western Idaho

Richard Sotto

richardsotto@cwi.edu

Idaho State University

Jeff Street

jeffstreet@isu.edu

Lewis-Clark State College

North Idaho College

Dean Miles

ddmiles@nic.edu

Northwest Nazarene University

University of Idaho

George Tanner

gtanner@uidaho.edu

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Note

A 30-60 second video is not required, but highly recommended. The video should be a quick summary of your business and why it deserves to be an IEC Finalist.

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Scoring Rubric

The purpose of the Idaho Entrepreneur Challenge is to motivate and reward student entrepreneurs with promising ventures and small businesses.

Teams will be scored on the following criteria (weighted):

  1. How well do they understand and address the market and/or customer segment they are going after? Do they have any uniqueness or competitive advantages that would make them more likely to succeed(20%)

    • Was the typical target customer described? 

    • Is the customer segment identified? 

    • Is it clear how the solution will reach customers? 

    • Has the group tested their theories and validated their target customers?

  2. How strong is their value proposition? (20%)

    • Is it clear what problem is being solved? 

    • Is the solution clearly explained? 

    • Is it clear how the solution addresses the problem? 

    • Is the solution different from what is out there today? 

    • Has the group validated the problem by talking to users and doing competitor research?

  3. How much progress or traction have they demonstrated? (10%)

    • Please note: This can look different for each team, and is not based solely on revenue.

    • Some forms of traction include:

      • Confirmed interest through customer interviews and/or secured partnerships

      • Proven need for service or product

      • Waitlist for service or product

      • Website created and interest generated

  4. How likely is the team to launch their idea into the market?grow their traction and/or revenue? (10%)

    • Does the team have traction or a plan to gain/grow traction? 

    • Does the team have revenue or a plan to gain/grow revenue?

  5. How realistic and sustainable is their revenue model? (10%)

    • How will the team pay for it (i.e self-funded/capital/loans/grants)?

    • Is it clear what the customer is paying for (i.e product/service/model)? 

    • Does this type of revenue strategy make sense for the customer group?

  6. The likelihood of this idea turning into a real business. (10%)

  7. How was the overall quality of the application? (20%)

    • Was the pitch clear? 

    • Were the slides easy to understand? 

    • Did the team seem well prepared?

Application Tips and Best Practices

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Venture College will be in close communication about logistics, guidance, and updates. The best teams will make the most use of their time by doing the following:

  1. Grow your business and build traction: Above all, use this time to get as much traction and validation as possible. Past winners have hit the boosters to go all-in and make business progress.

  2. Pitch Practice: Use Venture College as a resource to schedule pitch practices, review the pitch template, etc. Pitch to friends, professors, anyone who will listen to your pitch.

  3. Get Your Assets in Order: We will be asking for the following things -

    1. Your official business name

    2. Business logo

    3. Brief description of the business

    4. More detailed student info and pre-competition forms

    5. A quick 30 second video about your business (if you want to change the one from the application)

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