Frequently Asked Questions

Contents

Early-Incubation Program

Understand the Competition

Submit an Executive Summary and/or Request a Mentor.

Enter the Competition.

Early-Mentoring Program

Q: If a team wants to participate in the competition, does it have to join the early incubation program?

A: No, it is not the requirement but it is an option. If the team is looking for incubation from international business professionals and building the network for their future launch of the business, the early incubation program is highly recommended.

Q: If the team participates in the early incubation program, does it need to submit a five-page of executive summary in the executive summary round?

A: Yes, all teams who would like to participate in GSVC-SEA will need to send a five-page executive summary. Follow the executive summary round guideline.

Q: Why my team should join the early-bird incubation program?

A: It is an opportunity for the team to get advice or suggestion not only how to write a business plan but also how to launch your business to the real world.

The connection and be a part of the network is another value for early-bird stage. The program is also free-of-charge. Your team also has a chance to win the prize of USD 500 to use it to test your idea with the market, do more research or build the prototype (if any).

Q: All of teams who apply for the early incubation program will be assigned to a mentor?

A: GSVC-SEA will try our best to match teams with mentors but getting paired with a mentor also depends on number of teams, quality of their business ideas and availability of mentors.

Q: If my team isn't chosen to join the early incubation program, can I still participate in the executive summary round?

A: Yes, all teams who would like to participate in GSVC-SEA will need to send a five-page executive summary. Follow the executive summary round guideline.

Q: How does GSVC-SEA select the Best Team in the early incubation program to be awarded the prize?

A: The criteria to judge the best team is the business idea, passion, development and launching potential of the team.


Social Impact Assessment

FAQ can be found within the SIA section of our website: SIA FAQ


Understand the Competition

Q: What defines a "social venture"?

A: There are many definitions of "social venture." For the Competition, a social venture is defined as a business that:

  • Plans to be financially sustainable or profitable; whether tax-exempt or not, it must be self-sufficient on its earned revenue
  • Has a quantifiable social and/or environmental bottom line incorporated into its mission and practices

Q: What evaluation criteria will be used?

A: Plans will be judged according to the feasibility of the business concept, as well as feasibility and scope of the venture's stated social and/or environmental purpose. For more information, please see Judging Criteria

Q: Can one be eliminated from the Competition in the executive summary round?

A: Yes. The executive summary is an elimination round if you submit your Executive Summary to the GSVC-SEA mailbox.

Q: How many plans will make it to the Regional Final round?

A: There are around 10-12 finalists will be selected.

Q: Must the student be an MBA student, or is another master's degree student acceptable?

A: The student can be from any disciplinary. Each entrant team must include a graduate student from any school in the world or an individual who has graduated from a graduate program within the past two years (from the date that the plan is first submitted). The graduate student must be actively involved in the venture (ie, actively participating in development of the business plan and presentation or actively working on the business). However, if you donate have a business student or professional in your team, you should seek a team member who is a business student or has experience in business.

Q: How many teams from one graduate program may enter?

A: There are no limits to the number of applicants from a particular school.

Q: Can you help me put together or strengthen my team?

A: You can apply to our early incubation program to get a chance to work with international business professionals who walk you through necessary steps to create a high-quality executive summary.

Q: Can a team enter other business plan competitions?

A: Yes. We encourage every team to enter as many competitions as possible. This helps you continue to refine your business plan and your determination is a great indicator of future business success.

Q: How do I know where to send my executive summary or business plan?

A: GSVC-SEA welcomes the plan from schools in Southeast Asia and Oceania. For other regions, please visit websites of our partners.


Submit an Executive Summary and/or Request a Mentor.

Q: Can I submit my full plan if I don't enter an executive summary?

A: No, you must submit and executive summary. The strongest executive summaries will be invited to submit a full business plan.

Q: How do I submit an executive summary?

A: Send it to us at gsvc.sea@gmail.com

Q: Will I receive feedback?

A: Teams will receive comments and feedback by mail after preliminary-round judging


Enter the Competition.

Q: Do you have any information about how to write a business plan?

A: Yes. Take a look at our Guidelines section.

Q: Does the business plan page restriction (30 pages) include the appendix?

A: The Business Plan must be limited to 30 pages (typed and double-spaced, #12 font, and 1-inch margins) of text, charts, and diagrams. This includes financials or other appendices which are limited to 5 pages

Q: Are resumes mandatory for Advisory Board members?

A: No. However, resumes are useful in showing how the advisor's skills relate to the industry, market, strategy, operations, etc. of the product/service you are pitching. The same might be accomplished with a summary about who the advisors are and how their knowledge is relevant or how it fills gaps on the management team.

Q: Can resumes exceed one page?

A: Resumes should be limited to one page per team member.

Q: Should there be a link between the discount rates for FROI and SROI?

A: There is no inherent link between SROI and FROI rates, although the business's fortunes impact both measurements. The SROI discount rate should represent the risk or uncertainty inherent in the assumptions about returns. Please see Social Impact Assessment Guide III for more information on calculating SROI.

Still have questions?

Send an e-mail to the competition organizers at gsvc.sea@gmail.com