Deadline: 7 May 2012
Open to: University students, graduates and young entrepreneurs
Prize: 1st prize $ 25 000, 2nd prize $ 15 000, 3rd prize $ 10 000.
The Intel® BusinessChallenge Europe (Competition) is an international technology business plan competition for university level students and recent graduates organized by Intel Corporation in collaboration with prestigious institutions specialized in entrepreneurship education.
The goal of Intel® Business Challenge Europe is to contribute to the entrepreneurial movement by helping to generate interest and development of technological projects with great business potential. By advancing technology entrepreneurship, Intel® Challenge Europe can support projects that create value-added production chains and employment.
The Competition is part of Intel® Global Challenge – worldwide Intel and University of California in Berkeley competition founded in 2005 to encourage emerging entrepreneurs and rewards ideas that have potential to become a new business or even a new industry. At this global competition, students from around the world vie for $100.000 in prize money and receive direct feedback from leaders in the Silicon Valley entrepreneur community.
Winners of Intel® Business Challenge Europe are invited to participate in the Intel® Global Challenge finals held at UC Berkley each year in autumn. Intel covers travel and accommodation costs for participants (see 4.1-4.14 for details). There is no participation fee.
The Intel® Business Challenge Europe is open to:
- All active students (Bachelor’s, Master’s, PhD) of all accredited universities and colleges from eligible countries Austria, Albania, Belarus, Belgium, Bosnia, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Latvia, Lithuania, Luxembourg, Macedonia, Malta, Monaco, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Republic of Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, United Kingdom).
- Recent graduates up to 4 years after Bachelor’s or Master’s graduation.
All Participants must be between 18 and 34 years old and be citizens or legal residents with valid work or student visa in one of the eligible countries. Participants may submit projects individually or as a team (multiple university teams are allowed). Each Participant (individual or team) may submit only one business idea.
The Participants business ideas (Projects) will be submitted in 3 rounds:
- Round 1 will require an abstract (of about 12 300 characters) in a form of answers to specific questions in the on-line submission form.
- Round 2 will require a full business plan online submission following specific requirements and video elevator pitch material (up to 2 minutes long).
- Round 3 will require preparation of a multimedia presentation and delivering it in front of the semi-finals and finals Jury at the Competition event.
The projects submitted for the Competition are required to be:
- innovative and represent new ideas or novel ways of using already existing products, technologies, services or processes.
- aimed at developing (or using technologies) within the areas of:
- semiconductors, manufacturing, and hardware
- mobile and wireless;
- digital home and consumer electronics;
- retail and consumer software;
- enterprise software and IT
- energy and power generation;
- life sciences and biotechnology;
1st prize of $ 25 000, 2nd prize of $ 15 000, 3rd prize of $ 10 000. The best 3-5 projects additionally qualify for the Intel® Global Challenge held at UC Berkley, USA6 on 4-8 November 2012. Intel Corporation covers air travel, hotel and per diem for up to $50 USD per person per day. In addition to the above listed awards, there may be other types of prizes and these will be announced at www.intelchallenge.eu.
In order to take part in the Competition, Participants are required to register on the dedicated submission platform (HighTechPlant) which is linked to the Competition’s website www.intelchallenge.eu. Teams shall be registered by the team leader, who can then add other team members to the given project. Participants submit their projects and access all the provided resources via their on-line profiles.
Participants are allowed to save draft versions of their Projects however once the Project is submitted for judging, no changes are allowed. Once the Project is submitted for judging, members can be neither added nor removed from the team.
The Competition is divided into three rounds:
- Submission of abstracts. The submission opens on the 12th of March and closes at midnight on the 7th of May.
- Submission of business plans and ‘elevator pitch’ videos. The submission opens on the 11th of June and closes at midnight on the 16th of July.
- Intel® Business Challenge Europe Finals. Information about the place and date of Intel® Business Challenge Europe Finals will announced at www.intelchallenge.eu