Rules

The Challenge showcases business opportunities with the greatest potential for a positive impact on society through the commercialization of new and innovative technologies.

Prizes
The winning teams of the semifinal screening based on electronic submission of 2-3-page executive summary will be invited to participate at the semifinals in Bucharest, October 5, 2007 with all expenses covered. Each participating country will have two selected teams at the semifinals in Bucharest.
The winner of the 2007 Technology Entrepreneurship Challenge in Central and Eastern Europe will receive a USD20,000 cash prize, second prize: USD10,000.
All participants will benefit from:
» the education and training provided during the application process
» introductions to potential investors
» publicity
» feedback from industry experts that will occur at the Competition
The first and second winners will be given the opportunity to participate in the world finals: Intel®+UC Berkeley Technology Entrepreneurship Challenge at Berkeley University, California, USA with all their expenses covered.

Eligible sectors
Only business plans that make integral use of novel technology, such as technologies in the following industry categories, will be chosen to participate:
» Semiconductors, Manufacturing, and Hardware
» Mobile and Wireless
» Digital Home and Consumer Electronics
» Retail and Consumer Software
» Enterprise Software and IT
» Energy and Power Generation
» Nanotechnology
>Biotechnology

While the scope of technology innovation is not restricted to the above, plans without a strong technology focus may not be chosen to compete.

Eligible teams
Following conditions should apply:
1. Teams are typically of 3-4 people
2. Nationality of any of the following countries: Bulgaria, Czech Republic, Greece  Hungary, Poland  Romania, Slovakia and Turkey.
3. At least one team member currently pursuing undergraduate, graduate or PhD degree (the rest of could be: faculty members, entrepreneurs, businessmen)
4. Company to be established in one of the participating countries

Training
Consultations and training is provided to all by the organizers and by the partnering organizations in each country. Send an e-mail requesting individual consultations or training to: bimt@bimtbg.com and you will be contacted within the next business day.

Jury
Jury members are notable venture capitalists and other industry and entrepreneurship experts.
Intel Capital chairs the judging committee.
Jury is selected based on the following criteria:
• Relevant professional experience (business, consulting and entrepreneurial)
• Field of expertise (investors, entrepreneurs, lawyers)
• Geographical location

Judging criteria
The main focus points of the judging criteria are:
• General: Innovation, uniqueness, feasibility, strategy, experience, competitive advantage and business model
• Market: Market size, growth, share, competition, and clients
• Products/Services
• Financials and funding requirements
The Challenge judging criteria will be structured to select the business opportunity with the greatest impact through the deployment of new technology. Emphasis will be placed on the deployment of emerging and innovative technology products and services, which have a high likelihood of generating significant benefits for all stakeholders, both investors and the broader industry system.

The judging committee will not be biased towards plans that generate the highest financial return, however a requirement for entry is that the proposed businesses can achieve a positive return within their proposed investment timeframe.

Confidentiality
The authors of the business plan will retain all rights to the plan regarding its use at all times prior to and following the competition except as stated below. All judges and administrative staff will agree on non-disclosure of materials submitted by competition participants. All materials will be destroyed after competition is completed, unless specific agreement is granted.