PlanIt

PlanIt
PlanIt gives you the chance to win cash for your venture

Got a winning idea?

We're giving away cash to support it. 

We have updated our PlanIt submission requirements. You are now welcome to submit a full business plan or a business canvas with a 3-5 page executive summary (need to include graphs, images or additional data? That's fine! You can have an appendix to support your summary) that addresses and expands on the questions on the canvas. Applicants or teams must put due diligence and effort into their submission and address all questions on the canvas template to be considered. 

Next competition - TBD - Fall 2017

Submissions due - TBD - Fall 2017

  • Submissions can be from an individual or a team. Your team can be cross-faculty and have a maximum of five people. Your team may include members who are not current students, but the Team Lead must be a current UVic student (undergraduate or graduate level), faculty/staff member or recent UVic alumni (within three years of convocation). All participants must have a Social Insurance Number to compete.
  • Students are able to compete in PlanIt more than once if the business plan or canvas is substantially improved or the business has pivoted between submissions. You will need to demonstrate that you have used the previous prize money (if applicable) effectively and you will be held to the standard of what your plan or canvas is for the next phase of development. You will also need to indicate in your submission that you have competed previously.

Submit your business plan or canvas and executive summary to be considered for the competition. If considered viable, your team will be asked to present your business plan or canvas to a team of experts (typically the screening committee will choose the six strongest business plans). All presentations will require a pitch deck and will be approximately 15 minutes in length, with a question and answer period with the judges after the presentation.

Submit by email to by sending the following information:

  • In the body of your email, indicate:
    • Name (last, first) - Team lead
      • Mailing address
      • Email
      • Faculty, department, year of study (or indicate year convocated)
    • Name (last, first) - Team member
      • Mailing address
      • Email
      • Faculty, department, year of study (or indicate year convocated)
    • Name (last, first) - Team member
      • Mailing address
      • Email
      • Faculty, department, year of study (or indicate year convocated)
    • Name of venture idea
    • Summary of venture idea (3-5 sentences)
    • Please indicate if your business plan or canvas has a social innovation or sustainability component (to be considered for the best social or sustainable entrepreneurship plan cash award)
    • Please indicate availability or potential scheduling conflicts for the presentation day.
    • Please indicate if you have competed in PlanIt previously (students are permitted to enter twice, and third time by special permission)
    • Attach your submission in PDF format to your registration email and submit by the registration deadline.

After the screening committee has reviewed your business plan or canvas, we will be in contact with the team lead by email.

If your business plan or canvas is selected as a finalist, we will also inform you of a scheduled time for the PlanIt presentation to the external judging panel on presentation day. Presentation day is held throughout normal business hours (8:30-4:30).

Here's what we want to see.
Business Plan Submission

Your submission should be by email (including the registration info requested on the "How to submit" tab in the body of your email), and one attached pdf document, with supporting charts, graphs or images embedded.

Business Canvas and Executive Summary Submission 

Your submission should be by email (including the registration info requested on the "How to submit" tab in the body of your email), and one attached pdf document, with supporting charts, graphs or images embedded.

Criteria

The criteria below will be used for assessing the top three awards. The social or sustainable enterprise award will consider similar criteria but will be awarded based on social impact. For example, criteria such as the team members' dedication to the venture will be the same for all four awards, but the social or sustainable venture award will consider profitability and competitive positioning subordinate to social impact and sustainability.

What do judges look for in a plan? The judges consider many different issues when evaluating executive summaries and business plans, including:

  • Is the business opportunity as presented both highly attractive and clearly realistic?
  • Is the business defensible from competitors?
  • What is the business model?
  • What comparisons are there to past success stories that indicate this venture will succeed?
  • What is the amount of up-front capital investment required?
  • Do the market and financial projections demonstrate that the team understands its business?
  • How long will it take from the current stage of development to bring this to market?
  • Can this venture achieve a leadership position in its market?
  • Has the team already gone out to the market to test its ideas? Who will be the first customer(s)?
  • Is the team of sufficient breadth, balance, and quality to make its ideas happen?
  • Is the team focused on its target market? What is the expected time and amount of pay-off to investors?
  • Is the plan clear and well-written?
  • Does the team have the necessary communication skills to present a compelling story?
  • What roles will the team members play in the venture?
  • Are the team members dedicated to the venture and their roles in the group?
  • Does the team have a clear plan for spending the investment money it receives?
  • Why is this business going to be around, and a real world winner, in five years?
  • Does the plan and the team promoting it have the entrepreneurial spirit to succeed?
Evaluation

Download a copy of the business plan evaluation form.

Congratulations to our past winners:

PlanIt - July 28, 2017
  • IMT (Harsh Rathod, Rishi Gupta) - $4000
  • BnBreeze (Jesal Shah, Abhinav Rai, Andrew Spence) - $2000
  • Kokomo (Ashton Meuser) - $1000
  • Liefbase (Joe Czepil, Konrad Schultz, Jonah Rankin, Cam Long, Dustin Bolink) - Social Innovation Prize - $1000
PlanIt - April 6, 2017
  • CrowdZero (Geige Vandentop, Dan Briggs, Alex Glassey)  - $2500
  • Fest Hut (Logan Gibson, Robbie Lacis) - $2500 
  • Abstractia (Buyun Xu) - $1500
  • Heartrate Monitor (Xiaodai Dong and Gerrit Van Rensburg) - $1500
PlanIt - November 23, 2016
  • BioM3d (Tim Thomson and Kailey Allan) - $4,000
  • Inspado (Khaled Gabr and Genie Guo) - $2000
  • Abstractia (Buyun Xu) - $1000
  • Social Innovation and Sustainability award - BioM3d (Tim Thomson and Kailey Allan) - $1000
PlanIt - Aug 4, 2016
  • ethreeone (Brina Martens) - $4,000
  • Sound Signal (Adam Bender and Bryce Flug) - $2000
  • Batiqua (Linda Makaza) - $1000
  • Social Innovation and Sustainability award - Batiqua (Linda Makaza) - $1000
PlanIt - Aug 5, 2015
  • Concrete Garden Magazine (Quinn MacDonald) - $4,000
  • TravelMetrics.co (Bhupinder Dulku) - $3,000
  • *This team has chosen not to be named* - $2000
  • Reciprocate (Kelly Loudoun, Samarth Mod, Rohit Boolchandri) - $500
PlanIt - April 1, 2015
  • TOPSOIL (Chris Hildreth) - $6,000
  • Giosa Technologies (Angela Rosa and Daniel Giam) - $3,500
PlanIt - December 5th, 2014
  • nutTea energy bars (Mayank Chauhan) - $5,000
  • AirSenze (Samarth Mod) - $3,500
PlanIt - August 6th, 2014
  • RapidSight (Stephen Murphy, Adam Bender, Bryce Flug) - $5,500
  • Calorie Thief (Rebecca Staynor) - $3,000
  • Dimes Underwear (Max Webster, Zac White, Patrick Psotka) - $1,000