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Each
team may submit only one business plan to the competition.
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ONE team of semi-finalist will
be chosen from EACH institution by their faculties.
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The competition is for NEW,
independent ventures in the start-up or early stage. Generally excluded are the
following: acquisitions, expansions of existing companies, tax shelters and
franchises.
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The competition is primarily
for student-created, managed and owned ventures. In other words, students may
play a major role in conceiving the venture, to have key management roles and to
own significant equity.
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The business plan must be the
original work of members of the team and must not be published or have received
award from any other event or competition.
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The
team should be supervised by a faculty member of the IIBD member university.
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The organizer reserves the
right to change the rule of the competition.
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