All participating teams are expected to satisfy the following set of rules based on those developed by the directors of major university business plan competitions.
However, we do recognize that no set of rules, no matter how thorough or carefully developed, can cover all circumstances. Accordingly, all teams are expected to abide by the specific rules enumerated below as well as the overall spirit of this competition. The CIE reserves the right to disqualify, at any time, any team that violates the rules, regulations or the spirit of the competitions.
The competition is for new, independent ventures in the seed, start-up, or early growth stages. Generally excluded are the following: buy-outs, expansions of existing companies, real estate syndications, tax shelters, franchises, licensing agreements for distribution in a different geographical area, and spin-outs from existing corporations.
Licensing technologies from universities or research labs is not excluded and is encouraged, assuming they have not been commercialized previously. If you have any questions about licensing, patents, intellectual property protection, trademarks or similar issues, please contact Dr Steve Brodie at UNSW Innovations, phone +61 2 9385 6585.
All ventures should be seeking outside equity capital.
Ventures that have raised equity capital from sources other than the members of the student team or their friends and family before the current academic year, i.e., before February 2016, are excluded.
Ventures that have legally set up a venture identity or have undertaken any other formal start-up activities prior to the current academic year, i.e., before February 2016, are excluded.
However, both student and other team members may have worked on an idea or new technology in previous academic years or prior to entering graduate school, provided that their venture had no revenues, raised no outside equity or investment capital, and/or did not undertake any other formal start-up activities prior to the current academic year.
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. Due to the nature of the competition, we will not ask judges, reviewers, staff or the audience to agree to or sign non-disclosure statements for any participant.
All public sessions of the competition, including but not limited to oral presentations and question/answer sessions, are open to the public at large. Any and all of these public sessions may be broadcast to interested persons through media which may include radio, television and the internet. Any data or information discussed or divulged in public sessions by entrants should be considered information that will likely enter the public realm, and entrants should not assume any right of confidentiality in any data or information discussed, divulged or presented in these sessions.
The UNSW Business School and the Centre for Innovation & Entrepreneurship (CIE) may make photocopies, photographs, videotapes and/or audiotapes of the presentations including the business plan and other documents, charts, or material prepared for use in presentation at the Peter Farrell Cup Entrepreneurship Competition. Students retain all proprietary rights. The University may use the materials in any book or other printed materials and any videotape or other medium that it may produce, provided that any profits earned from the sale of such items is used by The Business School solely to defray the costs of future Peter Farrell Cup. The Business School has non-exclusive world rights in all languages, and in all media, to use or to publish the materials in any book, other printed materials, videotapes or other medium, and to use the materials in future editions thereof and derivative products.