Sullivan Chair Event - Regis Entrepreneur Club - Regis University

Central to all programs of the Sullivan Chair is the Regis Entrepreneur Club. The Regis Entrepreneur Club teaches Regis University students what it means to be an entrepreneur. Through monthly programs, competitions and business projects, students will have opportunities to be immersed in the solving of problems.

This organization is a student-operated business. The club holds interactive learning events, conducts competitions and facilitates placing students in hands-on learning situations. Membership in the club is open to the public. Business owners are encouraged to join and act as mentors to Regis University students.

The first club competition was the Regis University Business Plan Competition. Cash prizes up to $2,500 were paid to any Regis University student or team that submits the best business plan.

The ‘I AM AN ENTREPRENEUR’ series will feature presentations by successful entrepreneurs about how they saw a problem, found a solution, and did something about it.

Additionally, students may participate as information managers in the Colorado Capital Congress and as members of the planning team for the Berkeley Information Center – the Sullivan Chair’s first Community Impact Investment.

Members of the business community may mentor students while participating in any Club activities.

Do you want to be part of the most exciting upcoming parking lot competition?  Do you want to interact with creative and innovative minds?

Or maybe just the excitement of winning a new IPAD, and $500 makes you want to join the game…Well, here is your chance! The Regis Entrepreneur Club will be conducting a business plan competition open to all Regis University Students. The subject of the competition is: innovatively improving parking on the Regis University campus through operation of a student managed business.

Business Plan Rules & Guidelines for Participation

Official Rules for the Parking Plan Contest

This business plan competition is intended to advance student knowledge of entrepreneurship and is not a platform for complaint about current parking conditions.  Solutions advanced by students through this competition may or may not be implemented by Regis University now or at a later time.  However, this competition is an opportunity to surface new ideas that may not have been previously considered and such ideas are welcome.

  1. DESCRIPTION OF THE CONTEST
    • The Parking Plan Contest provides an experience in entrepreneurship by immersion in real life projects.
    • Prize winners will be determined from competing teams by a panel of Judges based on the criteria set forth in Schedule A of these Official Rules.
  2. CONDITIONS OF PARTICIPATION
    • Submission of an Entry into this Contest constitutes an individual student’s agreement to be bound by the terms of these Official Rules and by the decisions of the Judges which are final and binding on all matters pertaining to this Contest.
  3. ELIGIBILITY
    • This Contest is open to every student enrolled at Regis University as of April 20, 2012. 
    • Students must participate in the Contest as a team.  A team may be comprised of a minimum of one and a maximum of five student members.
  4. HOW TO ENTER
    • To enter the Contest, a team must submit a business plan by April 20, 2012 to the Sullivan Chair at kdakin@regis.edu with the name, biography and contact information for the team member.
  5. PLAN GRAND PRIZE WINNER
    • Only one team will be selected as the Plan Grand Prize Winner.
    • The Plan Grand Prize Winner will receive a cash prize of $500 and a new iPad 3 for each team member.
    • The Plan Grand Prize Winner will be the team who scores the highest points in conformance with the Official Rules of the Contest. 
    • The cash prize for the Plan Prize Winner will be paid upon announcement of a Winner on May 2, 2012.  The cash prize will be divided equally amongst all team members.
    • The decision of the Judges is final and binding.
    • ALL TAXES ASSESSED BY ANY GOVERNMENT AGENCY ON THE PRIZE ARE THE SOLE RESPONSIBILITY OF THE WINNER.
  6. COLLEGE ACHIEVEMENT PRIZES
    • The Sullivan Chair will award three Achievement Prizes upon the following terms and conditions:
      1. One Prize will be given to the best team from each of the three colleges:
        • Regis College
        • Rueckert-Hartman College of Health Care Professions
        • College of Professional Studies
      2. The Achievement Prize will be awarded to the team who scores the highest points in conformance with the Official Rules of the Contest as determined by a unanimous vote of the Judges after select of the Plan Grand Prize Winner.
    • The Plan Grand Prize Winner will not be eligible for the College Achievement Prize. 
    • Each College Achievement Prize Winner will receive a new iPad 3 for each team member.
    • The prizes for the Achievement Prize Winners will be paid upon announcement of a Winner on May 2, 2012.
    • ALL TAXES ASSESSED BY ANY GOVERNMENT AGENCY ARE THE SOLE RESPONSIBILITY OFTHE WINNER.
  7. PLAN
    • On or before April 20, 2012, each team must prepare and submit to the Sullivan Chair a Plan.  A detailed description of the required contents of a Plan is set forth in Schedule A.
  8. PLAN OWNERSHIP
    • Each team shall grant to the Sullivan Chair the non-exclusive right to the Plan submitted by the team, which right shall include:
      • The right to publish in whole or in part the Plan;
      • The right to implement part or the entire Plan. 
    • The Sullivan Chair shall have no obligation to treat any information provided by a team as a trade secret or to hold such information in confidence.
    • A team must not knowingly infringe upon the patent, copyright, trademark, privacy, publicity, or other intellectual rights of any other person or entity.
    • All writing within a Plan must be the original work of a team member except where information is included with a complete citation as to the source.
  9. PUBLICITY
    • Submission of an Entry constitutes a grant of permission by a team to the Sullivan Chair and Regis University to use, publish or otherwise publicize each member of the team’s name, likeness, voice, or photograph without additional compensation.
    • Use, publish or publicity may include any advertising, promotional, news or educational purposes in any manner and in any medium (including, without limitation, logos, merchandise, editorials, radio broadcasts, newspapers and other publications and in television or film releases, reality television series or special, documentary film, slides, videotape, distribution over the internet, social media and image data storage which the Sullivan Chair may deem appropriate) unless prohibited by law.
    • All members of each team shall make themselves reasonably available to participate in radio, television or other media broadcasts and/or to participate in publicity events such as talk shows, exhibitions and any event conducted to recognize the Winners upon written request of the Sullivan Chair.
  10. ELIMINATION
    • Any noncompliance with these Official Rules may result in the immediate elimination of the team from the Contest.
  11. AMENDMENT OF RULES
    • Due to the unique nature and scope of this Contest, the Sullivan Chair reserves the right to reasonably alter or modify these Official Rules at any time.
    • The Sullivan Chair reserves the right, in its sole discretion, to immediately cancel, terminate, modify or suspend the Contest.

CONTEST CRITERIA

An opportunity exists to create a new business with the mission of improving parking on the Regis University main campus.

The Plan for each team shall be submitted in a single document in a .pdf format to Karl Dakin, Executive Director of the Sullivan Chair for Free Enterprise, by email to kdakin@regis.edu.

Business specifications:

  1. The plan must provide a parking solution that which in any combination increases parking or decreases demand for parking on the Regis campus by a minimum of 500 individual parking spaces.
  2. The solution must work to the benefit of all students, faculty, staff and visitors.
  3. The solution must be implemented through the operation of a new business.
  4. Funding or revenue for the solution must come from a new source. No funding or revenue may come from the general budget of Regis University.
  5. Revenue from the business must cover all operating costs and pay back any money borrowed or invested within a fixed period of time.
  6. Regis University must not under any circumstance bear any legal or financial responsibility in the event of failure of the business.
  7. If a parking lot or other building is constructed on the Regis campus, title must be held free and clear by Regis University upon completion of construction.
  8. The solution must be fully implemented no later than December 31, 2013.

The Plan should include:

  1. A name for the business
  2. A statement of the goals of the business
  3. A list of milestones for the first 5 years of operation
  4. A five-year cash flow projection
  5. Analysis of whether the business should be a for profit or nonprofit organization
  6. A description of how Regis University students will hold management responsibility for the day to day operations of the business with governance by a board approved by the University
  7. Identification and analysis of all stakeholders in terms of benefits derived from operation of the business
  8. A description of each product and/or service that the business will produce and/or sell
  9. Identification of sources of funding necessary for the launch and growth of the business

Each Plan will be scored using a 100 point system in which points are allocated as follows:
Probability of Successful Implementation    60 points
Comprehensiveness of Plan                       20 points
Clarity of Communication                          20 points

The top four teams from each College, based upon scoring of the written plan, will make an oral presentation of 15 minutes each on April 25, 2012. Each oral presentation will be scored using a 100 point system in which points are allocated as follows:
Efficient use of Time                     50 points
Compelling presentation of Plan     50 points

 

  1. When do the final documents have to be submitted?
    The deadline for submission of the Business Plan papers is on October 10th, 2012 at the close of business.
  2. Are we presenting our idea in front of the panel of judges, or are we just submitting a document?
    First step is to submit your document. Then have a presentation to a panel on October 12th, 2012 at Claver Hall room 303. Lastly, we will hold a ceremony to award the winners same day.
  3. Is it individual, or can we have a group of 2 people?
    This competition is strictly individual participation.
  4. I was told each winner would get an iPad . Is this true?
    Absolutely true! there will be three IPad 3 awarded.
  5. Where do we submit our documents? and to whom?
    Submit your paperwork to the Sullivan Chair office, located in the Main Hall, 4th floor, Room 440. Please make in care of: Dr. Karl Dakin, Executive Director, Sullivan Chair.

For more questions please email: sullivanchair@regis.edu