2017-2018 Rules and Eligibility

APPLICANT / TEAM ELIGIBILITY

This is a team-based competition (teams can range from 1-8 individuals). Team members may come from anywhere, subject to the restrictions and eligibility requirements below (PLEASE READ CAREFULLY!). Specifically:

  • Anyone may participate in the Shark Tank Style and New Venture Creation stages of the competition. But if your entry is selected to be one of the five finalist teams, your team MUST include at least one currently enrolled UD student (in any undergraduate or graduate degree program), OR at least one alum who has earned a UD degree (graduate or undergraduate).
  • Teams MUST select ONE team member who will present the elevator pitch.  Any prize money won is awarded to the presenter only.
  • Teams CANNOT include students who are currently serving a University disciplinary suspension.
  • An individual may be a member of a maximum of TWO competition entries (judged separately on each) but may only be on ONE finalist team.
  • For the Dayton competition, team rosters may be modified (members added or dropped) up to January 12, 2018—after that, no roster changes are permitted. Anyone initially submitted as a team member must agree in writing to be dropped.   Everyone on the roster as of January 12, 2018, is guaranteed a minimum of 10% of the prize package. Unless written documentation is provided stating otherwise (signed by all team members), prize money is split evenly among all team members. 
  • For the China competition, team rosters may be modified up to January 31, 2018.
  • For the Dayton competition, ALL finalist team members must appear at the finalist competition presentations though not all are required to speak. Finalist team members who fail to attend finalist presentations will forfeit all prize money winnings over 10%, which will NOT be shared among the remaining members.
  • For the China Competition, only two finalist need to be present.
  • To receive individual prize monies, all elevator pitch and finalist team members MUST provide payment information to Connie Neace, Administrative Secretary (Miriam Hall, room 208, 937-229-3798), by January 12, 2018, at 4:00pm.
  • If a finalist team wants prize monies to be paid to a company or non-profit, then firm ID and tax numbers must be submitted to Connie Neace (Miriam Hall, room 208, 937-229-3798), by January 12, 2018, at 4:00pm.
  • By entering the FLYER PITCH Competition, applicants agree to allow the University of Dayton to use their application materials, photos, likenesses, and presentations to market, promote, and provide information about the Competition (this extends through all stages and aspects of the 2017-2018 competition).
  • By entering the FLYER PITCH Competition, participants acknowledge that funds awarded by the competition are intended for purposes of funding the business concept entered.
  • By entering the FLYER PITCH Competition, participants acknowledge that they must conform to the technology specifications detailed by the competition for the submission of competition materials (e.g., PowerPoint, document, etc. submissions).  Further, while the competition will work to ensure proper technology functioning throughout the competition, we do not guarantee it.

EVALUATION CRITERIA -- WHAT JUDGES LOOK FOR

This is a generalist competition.  It is open to any type of business (subject to the restrictions listed below).  Elevator pitches and business plans are evaluated on the following criteria:

  • Ease of growth potential
  • Level of innovation/creativity/originality
  • Quality of benefits/customer value propositions
  • Competitiveness in the marketplace/concept viability
  • Perceived ability to execute
  • Quality of the presentation
  • Coverage and thoroughness

FLYER PITCH ELIGIBILITY GUIDELINES

The competition reserves the right to disqualify business plans that fail to adhere to competition rules or are inconsistent with the values and mission of the University of Dayton as a Catholic institution of higher education. The following guidelines were created to clarify what is and is not acceptable for the competition. Each entry is vetted by members of the competition eligibility committee, who make the final determination whether or not the entry meets acceptable guidelines.

  • All work must be the original work of the applicants--proposals and plans that constitute “academic dishonesty” will be disqualified even if discovered after the competition ends.
  • If the application involves an existing venture, major start-up event (e.g. first sales, incorporation in Ohio, other states or outside the U.S.) dates should be 30 months old or newer, at the time of the competition's launch. Researching the business and discussing it with others are not generally considered major start-up events. If you are unclear if your business fits this guideline, please contact Vince Lewis (vlewis1@udayton.edu) or Jay Janney (jjanney1@udayton.edu).
  • All plans must be based on a legitimate business enterprise--ventures that involve breaking the law as part of their business model are prohibited (e.g., music piracy).
  • Plans or any venture that involves a liquor license to be legal, or whose primary purpose is the promotion or sale of alcohol, are prohibited. Plans that conflict with University values are prohibited--these include, but are not limited to, plans involving:
    ♦  Payday loan/check cashing companies
    ♦  Gambling
    ♦  Events/activities featuring violence
    ♦  Pornography
  • All plans must be startups--purchasing a current venture, including Business Opportunities and Franchises, is prohibited.
  • Plans involving pyramid-based marketing are prohibited.

PARTICIPATION EXPECTATIONS FOR FINALIST TEAMS

It is imperative that ALL teams advancing to the finalist round (including five finalist teams and two alternates) adhere to the participation expectations outlined below. This ensures fairness as well as helps teams do the best that they can in the competition. Specifically:

  • Dayton, Ohio, finalist teams MUST meet with their assigned mentors in January 2018.
  • Finalist teams MUST complete (if asked) up to five periodic status reports from December 2017 to March 2018.
  • Dayton, Ohio, finalist teams MUST attend one FLYER PITCH finalist dress rehearsal/coaching session prior to making their final presentations.
  • Finalist teams must submit their initial slide show two days before their assigned dress rehearsal session.
  • Finalist teams must submit a rough draft of their business plan on January 26, 2018.
  • Finalist teams MUST submit their final business plan submission on February 16, 2018.
  • Finalist teams MUST submit their final PowerPoint presentation on March 2, 2018.
  • Finalist teams MUST present their business plan at the FLYER PITCH Finals on March 24, 2018.
  • Finalist teams’ UD students MUST discuss their experiences in the competition at UD’s Stander Symposium in April 2018.