Contestants
What to know
ICE will give out $10,000 in cash and prizes to winners. The Main Event (The Business Plan Competition), a case competition and an elevator pitch competition will reward winners with cash & prizes! ICE is an Undergraduate Competition for students from all around the globe. Any undergraduate student from any University can participate.
Miscellaneous cash and prizes to teams for their uniqueness, social responsibility etc... totals $500.
How To Know If You're eligible
Eligibility:
Student participants must be currently enrolled (part time or full time) at a College or University to participate in this competition.
Team Composition and Student Eligibility:
Two (2) to Four (4) currently enrolled undergraduate students. ICE is open to students of all disciplines/majors not just business. Non-students may participate in planning the venture, however, only students may participate in the competition and its related competition events. Each student team member must take an active role in delivering the presentation, and participating in the Q & A. Non student members may attend ICE but may not participate in the competition.
Team Composition and Student Eligibility:
Two (2) to Four (4) currently enrolled undergraduate students. ICE is open to students of all disciplines/majors not just business. Non-students may participate in planning the venture, however, only students may participate in the competition and its related competition events. Each student team member must take an active role in delivering the presentation, and participating in the Q & A. Non student members may attend ICE but may not participate in the competition.
Student Involvement:
The competition is for student-created, managed and owned ventures. This is the most common area for requested rules clarification. The guidelines are: (1) Students played a primary role in conceiving and developing the business plan. (2) Students have key management roles (CEO, COO, CFO etc...) and have 50% or more worth of the equity in the venture.
Preparing an Executive Summary:
Teams have until Friday February 28, 2020 at 11:59 PM CST to submit their Executive Summary online. Executive Summary should be submitted as a single, printable PDF file. The Executive Summary should be no longer than 4 pages double spaced with a 1 inch margin all over (top, bottom, left and right margins) and 12 point font. Executive Summaries should include an explanation of the offering to investors indicating how much money is required, how it will be used, and the proposed structure of the deal. Click here for Executive Summary Outline.
Business Plan Review:
The teams with the best Executive Summaries will be required to submit their business plans by 11:59 PM CST on Tuesday April 28, 2023. Plans are limited to 20 pages (including executive summary, table of contents, and cover page plus plan) and can include up 10 pages of appendices for a maximum of 30 pages combined. The plan should be uploaded as a single, printable PDF document with 1inch margins on all sides (the top, bottom, left and right), double spaced with 12 point font.
Location:
ICE will be held in Montego Bay, Jamaica June 7-9, 2023. An effort to get students in the Caribbean, Central America, and the United States to participate is being made; however, GSBPC is open to undergraduate students from all around the globe.
Changes to Competition Rules:
Though not expected, these rules and prizes are subject to change at the discretion of ICE/GSBPC Corporation. ICE/GSBPC Corporation staff has the right to interpret these rules according to its own judgment.
Nature of Ventures:
Ventures must be intended to be real companies with corporate structures and financial data which reflect such. This excludes investment vehicles, licensing and other projects where returns are measured for investment value instead of operating profit. Also, excluded are buy-outs, expansion of existing companies, roll-ups, real estate syndications, tax shelters, franchise based outlets, licensing agreements for distribution in a different geographical area and spin outs from existing corporations. Licensing technologies (whether from Universities or not) is acceptable as long as there has been no prior commercialization. Key in such ventures is demonstrating significant added value to the technology by the management team.
Prior Activity:
Ventures which have generated revenue, and/or have raised operating/equity capital from sources other than the student team members, or their immediate friends/family prior to the start of the current academic year (September 1, 2019) are excluded. ICE reserves the right to request copies of any funding agreements.
Attendance and Travel Arrangements:
Teams should arrive in Montego, Bay by 1:30 PM on Wednesday June 3, 2020 to check in for Feedback Round with Judges. Teams should plan to arrive Tuesday evening or Wednesday morning, and depart the morning of Saturday June 6, 2020.
University and Faculty Involvement:
Projects must be done under faculty supervision as part of a school project, or an outside project which a faculty member agrees to supervise. However, the business plan must represent the original work of the student team members. All Universities are encouraged to send faculty or other University adviser to the competition. Teams should provide ICE with faculty contact information with their executive summary and business plan.
Presentation Rules:
Presentation Format is 30 minutes running clock (15 minutes to present followed by a 15 minute Q & A) for the feedback round. Following rounds will be 30 minutes running clock with the same format. Teams may not observe other the presentations of other teams in their division until after they have presented their own plan. Each team needs to supply its own PC or MAC-compatible laptop computer, and is responsible for assuring it works with the provided audio-visual equipment in advance of their presentation. It is recommended that each team also have their presentation on a USB drive. Teams may videotape or record their own presentations but cannot do the same for other competition teams without express written consent of all team members, attending faculty adviser and ICE.
IP Considerations:
ICE is open to the general public, and all interested media so teams should not assume confidentiality. Teams should assume that presentations done at the ICE may enter the public realm. Though ICE is not able to ask Judges to sign a Non-Disclosure Agreement, ICE will do everything possible to limit the distribution, copying, etc... of business plans entered into the ICE.
Dropping Out of ICE:
Any team dropping out of the ICE after confirming their participation may have their team member and University banned from ICE and its affiliate competitions for up to three years.
Reporting Violations of ICE Rules and Guidelines:
The above rules and guidelines will be strictly enforced. Any violations of these rule should be reported in writing to ICE at which point ICE organizers will look into the alleged rule infractions and handle it as appropriate.