Crummer Venture Plan Competition - Applicants

The Crummer Rollins Venture Plan Competition, held in the spring, provides entrepreneurs in Central Florida with an opportunity to take an idea for a new product or business and develop a plan to introduce it to the marketplace. Participating teams are encouraged to create and present a plan that clearly illustrates creativity and potential for marketplace success. Participants compete for $50,000 in prize money, in-kind services and an equity investment offer before a panel of distinguished judges, all of whom are successful investors and/or entrepreneurs.

Fast facts about the competition:

  • Of the 30 companies that have been finalists for the competition since 2012, 25 are in business today.
  • Together those 25 companies:
    • Generated over $53 million in revenue.
    • Raised $36 million in investment capital.
    • Employ over 368 people.

Key Dates:

Monday, January 6, 2020 – Application Goes Live

The submission form and instructions can be accessed by creating an account through this page.

Friday, February 7, 2020 11:59 pm – Submission Deadline

All submission materials must be received by the deadline in order for teams to participate in the competition. No extensions will be given. A panel of qualified judges will evaluate the submissions and select the Semi-Finalists. Up to 16 teams will be selected to move on to the Semi-Final Round.

Wednesday, February 19, 2020 – Semi-Finalists Announced

The Semi-Finalists will be announced to all participants by email no later than 6:00 pm on Wednesday, February 19.

Thursday, February 20, 2020 – Pitch Workshop

The Semi-Finalists are highly encouraged to participate in a private pitch workshop conducted by Rollins entrepreneurship faculty.

W-Th, February 26-27, 2020 – Semi-Finalists Dry Run

The Semi-Finalists will have an opportunity to present to Rollins entrepreneurship faculty and 1st round judges to receive feedback on their presentations in a consequence free environment in advance of the Semi-Finals.

Friday, March 6, 2020, 11:59 pm – Slide Decks Due

Semi-Finalists are required to submit their slide decks that will be used in the Semi-Final round of the competition.  Subsequent changes may be made by Finalists after the Semi-Final round.

Wednesday, March 11, 2020, 12:30 pm – 5:00 pm – Semi-Final Round

Presentations of no more than 8 minutes will be made by the Semi-Finalist teams to a qualified panel of judges. Up to 5 minutes of questions by the judges will be asked to each team. The judges will determine the 4 teams that will move on to the Final Round of competition. Finalists will be notified following the deliberation of the judges, immediately following the Semi-Final presentations.

Thursday, March 26, 2020, 5:30 pm – 9:00 pm – Final Round

The 4 teams chosen for the Finals will present again to a new panel of qualified judges. Presentations of no more than 8 minutes will be made by the Finalist teams. Up to 15 minutes of questions by the judges will be asked to each team. The judges will determine the winners of the competition.  Winners will be notified following the deliberation of the judges, immediately after the final presentations. 

Prizes:

Finalists will all receive cash prizes.  Prize amounts will be announced prior to the competition.  Prize distribution in 2019 was as follows:

  • 1st | $25,000
  • 2nd | $15,000
  • 3rd | $7,500
  • 4th | $2,500

Through a partnership with venVelo, a Winter Park-based, early-stage venture fund, over the past five years the winners of the Rollins Venture Plan Competition have been offered an additional $25,000 equity investment to match their $25,000 in prize money.  This is contingent upon agreeable terms and valuation.

In addition to the prize money and equity investment offer, the 2019 competition winner also received a Finalist position for entry into the StarterStudio Seed Fund and in-kind service offerings, such as strategic consultation, accounting and legal support. The total value of last year’s Finalist prize package, including cash distributed to the winners and in-kind services from our partners, was well over $100,000.

Please direct all questions to: Lisa Reineck | lreineck@rollins.edu