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Guidelines 2012 Global James McGuire Business Plan Competition

2012 Global James McGuire Business Plan Competition Student Guidelines

The 2012 Global James McGuire Business Plan Competition is an internal Laureate International Universities contest to encourage and motivate students to create businesses through the preparation of business plans. The competition offers the following benefits: The winning teams of each university will receive an award defined by their local institution. Up to two representatives of six (three undergraduate and three graduate/working adult finalist teams) will be invited to present their business plans in an interview with James McGuire and other entrepreneurs at the 2012 Laureate Leadership Summit in Ft. Lauderdale, Florida in June 2012. The winning teams of the two categories (undergraduate and graduate/working adult) will receive low-interest loan of US $50,000 for the company proposed in its business plan. The four other finalist teams will receive a $5,000 cash award to be distributed evenly among team members.

James H. McGuire
Jim currently assists investors and boards with their portfolio companies, including oversight, directional, transitional and restructuring support. In July of 2008, Jim retired after 16 years in the role of President of NJK Holding Corporation, a private equity firm located in Minneapolis, MN. NJK is a privately-held company whose investments have covered a broad industry scope including financial services, health care, litigation services, information services, and enterprise software. Prior to NJK, his background included commercial lending with a major Eastern U.S. bank and executive positions, including CEOlevel, in the technology and software industry. Jim's career included 12 years with Control Data Corporation where he was a Vice President in the Peripheral Company. He has served on numerous public and private company boards, including Laureate Education, Inc. and Digital Insight Corporation (Internet Banking-now owned by Intuit). He has chaired both public company audit and compensation committees. Jim currently serves as both chairman and board member for multiple companies. His current board chairman responsibilities include: Averion International Corporation, Southborough, MA and Content Analyst Company, Reston, VA. Jim also sits on the boards of Meritas Family of Schools (Meritas LLC), EVCI Career Colleges Holding Corp., and Integral7, Inc. Jim is a graduate of the University of Notre Dame with a BBA in finance. According to Douglas Becker, Chairman and CEO of Laureate Education, Inc., James McGuire has been one of the most important role models and mentors in my career. His leadership and active participation on Laureate's Board of Directors was an important factor in our success and growth. His executive experience spans from large-scale companies to small start ups. All of his experience is matched by his outstanding judgment and absolute integrity. Making him feel proud and living up to his high standards is one of my main personal goals. To honor James McGuire's service to Laureate's Board of Directors, Mr. Becker created the James McGuire Business Plan Competition in 2007.

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Requirements
1) All business plans designed to create a company will be accepted. Business plans that seek to expand an existing company or department of an existing company will not be accepted. In the case of a company that has been legally constituted, it can only have been in existence 180 days prior to the application deadline. 2) The contest has two categories: 1) traditional undergraduate and 2) graduate/working adult. Students from any academic area (i.e. business, hospitality, health sciences, etc.) are eligible to compete. To create an equal playing field, teams must be comprised of students in the same category (i.e. undergraduate and graduate/working adult.) 3) If selected as the winning team and recipient of one of the $50,000 loans from Laureate, the student teams agree to invest or raise matching funds equivalent to the amount of $50,000 loan. 4) Students of all academic disciplines and specialties under the guidelines specified in the preceding point (#2) may participate in the business plan competition. The teams can include members from diverse academic disciplines and specialties.

5) An individual may not belong to more than one business plan team and must apply under the category that applies to his or her course of study: traditional undergraduate OR graduate/working adult. 6) Participating students should not have any disciplinary sanctions on their academic record. 7) Business plans may be submitted by individuals or groups of any number. Attachment 1 contains a recommended format for preparing business plans. 8) Additionally, each team may include a video of seven minutes or less that presents their business plan. 9) Business plans shall not explicitly or implicitly propose a business in any of the following areas: toxic or illegal substances or products, firearms or weapons, human trafficking or abuse, intellectual property violations, breach of any laws or regulations, gambling, provision of immoral goods or services, the production or sale of tobacco or its derivatives, production or sale of endangered species protected by the laws of any of the participating countries, and production or sale of goods or services that affect public health. Similarly, they should seek to comply with national legislation on individual, family, environmental, and intellectual property law. 10) Laureate Network institutions will not finance any student or accept any cost incurred by the participants while preparing their business plan presentations. However, if the university's team is one of the six finalist teams in the undergraduate and/or graduate/working adult categories, the institution will pay economy class travel expenses of up to TWO members only for their interview at the Laureate Leadership Summit in the United States in June 2012. 11) Laureate Network institutions shall not use the results of the competition for commercial or promotional purposes. They will only be used for internal communication.

Phases
Local Selection: A local Selection Committee at each Laureate institution evaluates all plans submitted by students and will select one semi-finalist each for undergraduate and graduate/working adult categories. Please note: Universities may choose to offer the contest in one category only.
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Global Selection: Each university will forward its institution's winning undergraduate and graduate/working adult business plans translated in English to the Global Selection Committee, which will select 6 finalists (three for each category). A panel of entrepreneurs, including Mr. James McGuire, will interview finalists, select, and announce the winner at the Laureate Leadership Summit in June 2012.

Awards
Local Award: Each Laureate institution will offer their winning team an award defined locally. jamesmcguire2012@naba.it

Global Award: Laureate will offer the winning teams of the undergraduate and graduate/working adult categories a US$50,000 loan. The four other finalist teams will receive a $5,000 cash award to be evenly distributed among team members.

Process of Evaluation
1) The Local Selection Committee at each institution is comprised of a team of internal professors and executives. Their functions are listed in the "phases" category, lines a) and b) of this document. Their decisions are final. 2) The Global Selection Committee will be comprised of five Laureate executives, who will, in turn, select 6 finalists to interview with a Panel of Entrepreneurs, including Mr. James McGuire, at the Laureate Leadership Summit in June 2012. 3) The Local and Global Selection Committees are the final authorities of the competition and their decisions are final. 4) The Local and Global Selection Committee, as well the Panel of Entrepreneurs, will reach their decisions based on the information contained in each business plan. 5) The Committees and Panel of Entrepreneurs are empowered to: Interpret the Guidelines. Select the winners of the 2012 Global James McGuire Business Plan Competition, according to their own judgment. Act as it sees fit to fulfill its duties.

6) The quorum for Committees and Panel is a majority of members. Decisions will be taken by simple majority of the current members. In the event of a tie, the Chair will cast the deciding vote. 7) The author(s) of the business plan shall retain all intellectual property rights to their document. Laureate shall be entitled to use some business plan data exclusively for statistical or promotional purposes. 8) Laureate shall ensure that all members of the Local and Global Selection Committees and Panels sign and accept a confidentiality agreement covering the content of the business plans. 9) The business plans shall be presented by a date determined by the local university. th NABA: January 12 2012.

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10) Each university will present its winning team's application in English to the Global Selection Committee by March 16th, 2012. Applicants will be informed of the committees decision by April 20, 2012. 11) By enrolling, participants register their unconditional acceptance of these guidelines, as well as the decisions taken by the Committees and Panel.

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