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Applicants may submit multiple entries, but a separate entry must be made for each business
plan or business model. SUBMISSIONS WITH NO PROOF OF PAYMENT OF THE
REGISTRATION FEE WILL NOT BE REVIEWED.
Payment of the registration fee of MK5000 per application should be made to:
ELIGIBILITY
CONFIDENTIALITY:
TITLE:
FIRST NAME:
SURNAME:
ADDRESS:
TELEPHONE:
EMAIL:
Team Member 2
TITLE:
FIRST NAME:
SURNAME:
ADDRESS:
TELEPHONE:
EMAIL:
Team Member 3
TITLE:
FIRST NAME:
SURNAME:
ADDRESS:
TELEPHONE:
EMAIL:
EXECUTIVE SUMMARY
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1. CONCEPT OVERVIEW
2. BUSINESS IDEA
3. YOUR MARKET
How has your product/service got potential for success in this market?
4. MANAGEMENT TEAM
Describe background and roles of key individuals, history and ability to work as an effective
team.
Organisational structure.
What legal form will the business take (sole trader, limited company, etc.)?
5. OPERATIONS
Address the sales and marketing, production, personnel, administrative and financial
strategies for the proposed enterprise.
Are there any key regulations you will have to comply with?
6. CRITICAL RISKS
Realistically identify major internal and external critical risks that will threaten the business.
Present a realistic assessment of start-up costs and profitability of the business plan.
If a non-profit, note social impact (lives saved, youth educated, healthcare benefits, etc.).
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8. FINANCIALS
Sales forecast
9. SCALABILITY
Demonstrate that when market entry has been achieved, how the product or service will
spread to other consumers/end- users.
How will the company grow over the next 2 years and how will this happen? How will you
invest the prize money if you win?
PICTURE: You may add a picture here if it helps describe your product or service.