Competition Stages

All materials submitted by contestants is subject to the Confidentiality Statement. The contestants make a number of submissions as per the following schedule.

 

All stages starting from Project Profile are judging - elimination stages - this means that projects will be judged by a panel of judges using predefined criteria and only those projects deemed suitable will be moved onto the next stage. Due to the competitive nature of this competition, we have been averaging a 50% pass rate for each stage.
 

StageDue Date
1. Launch EventNovember 18, 2014
2. Entry Deadline - Intention to Participate, along with $100 entry feeJan 31, 2015 (11:55PM; EDT)
3. Project Profile form/Lean canvas PPT documents due byFeb 04, 2015
4. Mentoring Workshop (in-person or online)Feb 25, 2015
5. Elevator Pitch - Live Presentations (in-person or online)Mar 07, 2015
7. Investor Deck Submissions - Live Presentations (in-person ONLY)Mar 28, 2015
8. TiEQuest Finals - GalaEarly April 2015

 

Finals with Awards Gala will be held during early-April 2015

 

 

Launch Event and Info Sessions

The Launch Event is an introduction to TiEQuest. For TiEQuest 2015 the launch event will be held on November 18, 2014.



Intention to Participate (Applications are accepted till January 31, 2015 by 11:55PM EDT) 

Intention to participate in TiEQuest is submitted online from
www.tiequest.org. All submissiona should be accompanied by the entry fee of $100 per team by credit card. The entry fee entitles the contestant (only one) to one year membership in TiEToronto. The contestants are added to the TiE Toronto mailing lists and receive all TiE Toronto events and mentoring information. We reserve the right to limit the competition to the first 200 applicants. It is advisable to complete all formalities as early as possible. The contestants receive User ID and passwords to access contestants’ portion of the website. All submissions and communications are done through electronic means only.

 

Entry Fee: Please read these guidelines carefully:

  • In addition to participation in the competition, all paid entities will receive one 1-year annual regular membership in TiE Toronto for any one member of the team.
  • The payment of the entry fee does not guarantee any project/contestant the right to progress through any stage, after the inital entry round, of the competition.
  • All progress from Project Profile round to next rounds will be solely based on project evaluation by panel of judges and by the contest organizers. Each stage starting with Project Profile round is an elimination stage - this means only some projects will be moved forward and some will be eliminated.
  • Payment of entry fee and non-completion of other mandatory stage requirements, by the mentioned deadlines, starting at Project Profile round, can disqualify paid projects by default.
  • Projects which withdraw after the close of the entry application deadline (Jan 31) are not be eligible for any fee refunds under any circumstances.
  • Projects who have paid the entry fee but do not show up for any competition stage forfeit the right to be moved to the next stage of the competition. There are no fee refunds or stage do-overs due to no-shows at the competition.

 

Any contestant who has any specific concern relating to confidentiality of their venture will be provided an opportunity to discuss the matter with a legal advisor. Contestants should request this to the Chair, TiEQuest, after submission of the Entry Form and payment of entry fee. TiEQuest has enrolled services of senior legal counsel who have agreed to volunteer his time to discuss any specific situation. After discussion with a legal counsel, contestants may withdraw their entry within two business days without penalty and full refund their entry fee. Contestants will submit the names of all their participating entrepreneurs and also the name of their advisor. All team members and advisors must sign the Entry Form. 


Project Profile 

(completed project profiles AND lean canvas document is due February 4, 2015) 

Contestants will submit a project profile as well as a lean canvas outlining their business venture as per the format posted on
www.tiequest.org. The project profile will be submitted electronically. The Project Profile will briefly cover:

  • Company profile: URL, Industry, employees, year founded
  • Contact information
  • Background of entrepreneurs, management team and advisors
  • Brief Financial information: revenue run rate, previous capital, monthly burn, pre-money
  • valuation, and capital sought
  • Business Summary
  • Customer problem addressed
  • Product/service offered
  • Target market size and ch aracteristics
  • Customers and selling strategy
  • Business model
  • Competitors and Competitive advantage
  • Top and bottom line projections.

Since 2014, all ventures also have to submit a Lean Canvas form about their venture. This form is availble along with the project profile form in individual accounts. Submission of both forms is mandatory; failure to complete either one can result in the elimination of ventures as judges will not be able to carry out a proper evaluation of projects.

 

This is an elimination stage of the competition, some projects will not be moved onto the next stage of the competition. All contestants will receive a confirmation (by email) if they are successful in proceeding to the next stage of the competition.

 

Attached is a sample of the Project Profile scoring sheet (Please note that this is subject to change for the upcoming year).


Mentoring Workshop (February 25, 2015) 

All successful contestants will be invited to a mentoring workshop at a downtown Toronto venue. Sometimes, the workshop is carried out online solely - we reserve the right to cancel any in-person workshops. The purpose of this workshop is to guide the contestants to improve on their venture. Many judges of the competition will be participating in the workshop. The mentoring workshop will include:

  • Discussions regarding the progress of your venture with mentors
  • Obtain guidance for any questions you may have
  • Opportunity to speak with Judges
     
     

Elevator Pitch (March 7, 2015)

Supporting videos/presentations has to be uploaded by March 4, 2015 

Contestants will prepare an Elevator Pitch relating to their business venture. They will have an option to present the Elevator Pitch in person or electronically. In case of an electronic submission, the contestants will upload relevant video file into their accounts by March 4, 2015. We strongly advise teams to pitch in-person - you need just 1 person from the team to be available to pitch.

  • Maximum time for the Elevator Pitch will be 5 minutes followed by a 3 minute Q&A from judges (10 minute total per team, includes setup)
  • Contestants may use product samples, pictures or other visual or video aids for the support
  • The pitch should be directed to convince investors to read the detailed business plan.
  • It should address the following key evaluation points: value proposition of the business, the viability/feasability of the business, traction to date (what has been achieved by the business), strength of management team and the competitive advantage of the business (IP, first mover advantage, etc.).
  • We recommend you follow Startup Nation"s Elevator Pitch Guidelines, by going here: http://www.startupnation.com/articles/elevator-pitch-define-compose-practice-and-polish-rinse-and-repeat/

This is an elimination stage of the competition, some projects will not be moved onto the next stage of the competition. All contestants will receive a confirmation (by email) if they are successful in proceeding to the next stage of the competition.

 

Attached is a sample of the Elevator Pitch scoring sheet (Please note that this is subject to change for the upcoming year).


Investor Deck - Live Presentations (March 28, 2015)

TiEQuest has decided that the written business plan will no longer be a requirement - instead, you must ensure that you have a thorough, well-thought out investor deck in PDF format.


We strongly recommend you follow Guy Kawasaki"s pitch-deck framework, which can be found on the MaRS website here: http://bit.ly/NFTSXM

 

Please also review the following for tips on building a strong presentation: http://bit.ly/Y5SWgX
 

 
Contestants will make a 10 minutes private presentation to a panel of three or more judges. The judges will have already read the investor deck submission and/or written business plan submitted on March 16, 2014. The focus of the presentation will be to pitch their idea to convince judges to invest in their venture. The presentation will be followed by 10 minutes of a question and answer session. The objective of this round will be to reduce the pool of contestants to a smaller number. All presentations will be scheduled on Saturday, March 28, 2015, and it is mandatory for at least 1 person from each venture to present this to the investors in-person.

 

This is an elimination stage of the competition, some projects will not be moved onto the next stage of the competition. All contestants will receive a confirmation (by email) if they are successful in proceeding to the next stage of the competition.

 

Attached is a sample of the Investor Deck Submissions scoring sheet (Please note that this is subject to change for the upcoming year).


 

TiEQuest Finals (To be held early-April 2015 in Toronto) 

The finals stage will be combined with an awards gala on the same day. Finalists will make a 5-10 minutes public presentation to a panel of judges and a general audience. They can use the investor deck presentation from the previous round. It is expected that this presentation will answer issues that were raised in earlier rounds. The presentation will also be followed by 5-10 minutes of question and answer session. The Winners will then be announced during the TiEQuest Awards Gala later on that evening.

 

Attached is a sample of the Finals scoring sheet (Please note that this is subject to change for the upcoming year).