Business Model Competition Global - Oxford Regional Qualifier

Apply by Oct.25, 2021

On Nov. 11, 2021, Ole Miss will host the Mid-South Business Model Competition that is open to every university student in the country.  The competition is a regional qualifier for the Business Model Competition Global.

Colleges and universities from around the mid-south are invited to have their best student teams present their business model to our judges.  The Center for Innovation and Entrepreneurship at UM will sponsor the winning team to compete in the international competition. Each team will have an opportunity to present in front of a panel of diverse judges.

All student teams, anywhere in the country, who meet the eligibility requirements nationwide are invited to submit their application, Ole Miss has specifically invited 60 higher-education institutions in Mississippi, Arkansas, Tennessee, Louisiana, and Alabama.

Prizes

  • The top prize winner in the Mid-South BMC gets $10,000 in support to travel (if available) to the Global Business Model Competition. That award will be granted regardless of the eventual decision to for BMC Global.  Prizes will be distributed either to their LLC or their university’s foundation.
  • All students who earn a spot in the final round will get at least $500 in prize money distributed to their university’s foundation as a scholarship for the student.
  • UM top student prize winners get an automatic slot as finalists for the Gillespie Business Plan Competition in the spring. UM students can contact the Center’s Entrepreneur-in-residence Blake Dubinski for individualized help and coaching.

Schedule

We are excited to host this year’s BMC on our beautiful campus. You will be presenting in person to a panel of judges, some of whom might be participating virtually.  Once your presentation is concluded, the judges will ask follow-up questions in a 5 minute Q&A session. From the early rounds, a group of finalists will go through the pitch/Q&A process to determine the winner. Winners will be announced on the day of the event.

We are having a single day “everyone pitches” event to accommodate more teams and help more students get experience.  If you apply, your odds of being invited to pitch in the finals are very high.

Submission Process (Apply by Oct.25, 2021)

Regional Entries

1)  Create a 5 minute video presentation 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. You can have as much of your own image in the video as you are comfortable with.

2)  Upload your video to YouTube (if you want to keep your video hidden mark it as “unlisted” NOT “private,” only someone logged into your account can watch your videos marked private).

3) Submissions open on Aug. 23.

UM Entries

1)  Create a 1 minute video presentation describing your idea. You (and one other teammate if appropriate) are the only things allowed in frames. Props, dressing up, gizmos are welcome but NO POWERPOINTS.

2)  Upload your video to YouTube (if you want to keep your video hidden mark it as “unlisted” NOT “private,” only someone logged into your account can watch your videos marked private).

3) Submissions open on Aug. 23. You may enter the Landshark Tank Pitch with the same video for a chance of winning up to $1,000!

What your submission should contain

The judges are looking for examples of meaningful and continued communication with customers.  They’d like to hear that you’ve thought about your business in a way that is hypothesis-driven and focused on the customer, rather than focusing on building out a business plan. Here are the criteria that the judges are using to evaluate your submission.  Below, is an example of a submission to the International competition from 2016.  The video is reasonably polished and makes good use of colors and the business model canvas. This kind of video can be made pretty easily by recording voice over a PowerPoint presentation or make it directly on your phone using something like Spark Video on your phone.

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