ELIGIBILITY

Teams with 3-5 participants Team members must be graduate students or alumni of participating university Each team must have at least one full-time graduate student Preference for business ideas in: Financial Services, Green, Not-for-Profit, Bio-Science, Fashion, Media and Technology Business plans must have a NYC operations and/or marketing component Universities interested in participating should contact NYCEDC at NYCNextIdea09@nycedc.com.

JUDGING PROCESS

Round I: Executive Summary (5 pages) Round II: Business Plan (30 pages) Round III: In-person Presentations

KEY DATES

* Please Note That Executive Summary Submission Dates Have Been Extended To July 1, 2009 July 1: Executive summaries due July 15: Announce semi-finalists August 1: Feedback on Round I October 15: Business plans due November 2: Announce finalists December 1: Feedback on Round II January 4 – January 8, 2010: In-person presentations in NYC

PARTICIPATING UNIVERSITIES

Top business and engineering universities from Asia, Europe and Latin America – 16 universities have confirmed participation as of March 20, 2009. University recruitment concludes on May 1. 2009. Universities interested in participating should contact NYCEDC at NYCNextIdea09@nycedc.com.

PRIZE

Finalists will receive a free trip to NYC, including airfare and accommodations Finalists will also attend a high-level network event with investors, successful entrepreneurs and members from the academia, government and the business community Winning team will receive a cash prize of $20,000 Winning team will also receive access to subsidized office space and business support services to start their venture in NYC Disclaimer: All terms and conditions are subject to change and are at the sole discretion of NYCEDC. More information including guidelines will be available shortly.

REQUIREMENTS

Final Rules and Regulations are now available for download:

	Global Business Concept Competition Requirements (76 KB)