Laureate Mexico and Virgin Mobile, institutions interested in promoting innovation and the development of ideas, and in supporting Mexican entrepreneurship, invite university students and graduates to present their business ideas of products and services that are accessible through mobile devises. It is desirable that, besides generating economic profits, these proposals also provide a social benefit.
The 3 better proposals will pass to the final stage, where one representative of each, will have the opportunity of pitching their business model to Richard Branson, founder of Virgin Group, in a great event to be held on November 19th at Monterrey, Mexico. Laureate Mexico will pay for the transportation and lodging of one representative of each of the finalist projects.
The winning team at final stage of the competition will receive MEX$200,000 (two thousand Mexican pesos).
Team: Group of people or an individual who participate in the business plan design. For this competition, a team can be composed by 1 up to 8 persons.
Team representative: 2 persons chosen by the team to represent them at the final stage.
We are looking for business models with a high potential to generate economic return that also contributes to solve a social need.
We will give preference to the most original ideas that satisfy a market need or solve a problem.
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, exploitation or sale of endangered species, 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.
The business models based on mobile devices can be developed by individuals or by teams.
Teams should select in the application form on of its members as the “team representative”. If selected, the team representative will be the person to pitch their business plan to Sir Richard Branson at the final stage event.
If the project is developed by an individual entrepreneur, he/she will be the person to pitch at the final stage.
Individual entrepreneurs and team representatives should:
Each project should register at the website http://pitchtorichmexico.com The register has two sections intended to have the best understanding of the project by the evaluators:
A registration will only be complete and apt for evaluation when both sections of the application are complete.
Application closing: September 30th 2016 at 18:00.
Finalists publication: October 31st 2016
Final stage event: November 19th 2016
Laureate México and Virgin Mobile might require further information from the candidates, eigher written, by telephone, or through a personal interview.