Deliverables: Business Plan
Business Plan (30 pages maximum, minimum 10 point font)
Business Overview
- Company description and business model
- Value proposition
- financial
- Value proposition
- technical
- Vision
- Current status
- Current or committed funding and all funding sources
The Market Opportunity
- Why is it such a great idea? Define the problem
- Competitive analysis (how is the problem not being solved by competitors)
The Market Solution
- Product or service
- Description of a working model or prototype, if appropriate
- How will you fulfill the market opportunity?
- Ability to create barriers to entry
The Market
- Identification of customer(s)
- Market size, analysis, and forecast
- Industry analysis and forecast including competing products or companies
Technical Analysis
- Outline the technical steps necessary for commercialization
- What is the length of time?
- Is commercialization dependent on outside contingencies?
- What types of regulatory approval processes must be navigated?
- What are the risks of failure?
- Intellectual property considerations
Management Team
- Founders and key management
- Industry experience and education
- Board of Advisors
Financial Analysis
- Outline overall financial model with detailed projections through Year 5 including pro forma cash flow and budget analysis
- Other analysis, as appropriate (net present value, break even analysis)
- Discuss assumptions and capital requirements
- Future funding requests
