Welcome to the Wharton Club of New York 2011 Alumni Business Showcase (ABS). ABS has been designed to introduce early-stage businesses founded by Wharton alumni to qualified seed and angel investors.
Starting a business can be loads of fun. Finding early-stage capital, however, usually isn’t –perhaps we can help change that?
Three years ago, the Wharton Club of New York started an annual alumni business plan competition. Unlike the club’s annual Joseph Wharton Dinner which honors the historic contribution of Wharton alumni, the business plan competition was established to provide Wharton entrepreneurs a platform to make future contributions. The original competition was modeled after the annual contest the school’s entrepreneurial management department holds for students but over the past three years it has evolved – serving now to not only to recognize outstanding young companies, but perhaps more importantly, to help them find early-stage capital.
Finding seed and angel round investors and then securing early-stage financing is less than an efficient process. The Wharton Club of New York designed the 2011 Alumni Business Showcase to facilitate that process. Any development stage business entity having a Wharton alumni (graduate or undergraduate division) as part of its team may participate. The Wharton alum may live anywhere in the world.
There are four steps to the program:
Step One – Submit an on-line application: Your application also serves to profile (a snap-shot) your company. Deadline for applications is April 17, 2011. Once accepted, your company’s profile becomes part of our database – a database that we are making available to the Wharton Angel Investor community.
Step Two – Upload your Executive Summary: Once your application is accepted, we will ask you to upload your Executive Summary which will be reviewed by our panel of judges.
Step Three –Upload your Business Plan: If the judges have selected your company as a finalist, we will ask you to upload your Full Business Plan. As a finalist, you will also be invited to make a presentation at our Early-Stage Investor Showcase event. Both your business plan and your live-presentation will count toward your final score.
Step Four – Make a live presentation: Now the 12 finalists have been announced, the Showcase event will be held in New York City on June 13, 2011. Each finalist team will have 9 minutes to make their presentation plus 4 minutes for Q&A. The Showcase event will be attended by both our panel of judges and by a great many early-stage investors. The winning team or teams will be announced immediately following the event and will be honored at the annual Joseph Wharton Dinner in October.
|Last Day Entrepreneurs can apply to ABS||April 17, 2011|
|Deadline for uploading Executive Summaries||April 21, 2011|
|First Round of Judging Completed (Executive Summaries stage)||May 15, 2011|
|Finalists are announced||May 17, 2011|
|Investors may begin approaching companies, other than finalists||May 17, 2011|
|Deadline for finalists to upload Business Plans||May 21, 2011|
|Showcase Event – Presentations are made to Judges and Angel Investors.
Investors may approach finalists following the event.
|June 13, 2011|
|Winning Team(s) honored at Joseph Wharton annual dinner.||October 6, 2011|
Please let us know if you are an Entrepreneur interested in participating in the program, a Wharton alumni interested in becoming a Judge, or a qualified Investor looking for early-stage investment opportunities. The site map below should help you navigate our web site.