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Unleash Innovation: MEPC 2011-2012 Annual Competition for Engineering Entrepreneurs

Join the MEPC 2011-2012 and transform your innovative business ideas into reality! This annual competition, founded through a generous $1M gift from Fariborz Maseeh, seeks budding entrepreneurs from the Viterbi School of Engineering (VSoE). With 15 selected teams, each mentored by seasoned professionals, participants will engage in intensive boot camps covering feasibility, market analysis, and pitching skills. Compete for a $50K grand prize by presenting to a panel of judges. Supported by faculty and the entrepreneurial community, this is your chance to lead the way in engineering innovation.

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Unleash Innovation: MEPC 2011-2012 Annual Competition for Engineering Entrepreneurs

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  1. MEPC 2011-2012 • MEPC Information Session • Peter A. Beerel

  2. MEPC at a Glance • Foundedvia a generous $1M gift from Fariborz Maseeh • Annual Business Plan Competition • Business-Plan Boot-Camp Sessions • Seasoned Mentors • $50K Grand Prize • Housed in the Viterbi School of Engineering

  3. Creating Life-Long Innovators • 15 Teams will be selected • Key team member must be VSoE student • 7 Biz-plan boot-camp sessions • Feasibility, market analysis, financials, the pitch • Lead by investor/business leader/entrepreneur • 1 Mentor • Each team gets at least one mentor • Mentor commits 4 hours per week • 5 Finalists • Present to panel of judges for $50K grand prize Support the innovators as well as the innovation

  4. Target VSoE Students • MEPC motivation and goal • Engineering innovation central to address of big challenges • Desire to support engineering innovators • Desire to support VSoE and USC • MEPC Rule • Each team must have as a key member a VSoE Student • VSoE student need not be team leader • Must be student at time of application • Teams can have faculty members • Teams can have members from other schools/communities

  5. Grand Challenges

  6. Last Year’s Finalists *Winner – see http://maseeh.usc.edu for presentation and biz-plan executive summary

  7. Last Year’s Finalists

  8. Team Rules • MEPC Team Rules • Ensure expectations about • Status of (proposed) company, including previous funding • Team composition • Originality of idea • For more details see • http://maseeh.usc.edu

  9. Participant Guidelines • MEPC Participant Guidelines • Ensure expectations about • intellectual property / conflict of interest • role of mentors / interaction with mentors • proprietary information • Participants must sign • Acknowledgements and Release From Liability • See maseeh.usc.edu for details

  10. MEPC 2011-2012

  11. Application Process • Team Information • Status of (proposed) company, including previous funding • Team member information • Originality of idea • Three page business summary • Executive summary of eventual business plan • A few additional questions • Make sure you cover what we need to see

  12. Engineering Entrepreneurship at USC • Theme of coordination and collaboration

  13. Team Formation • Team Formation • Note: Several Marshall MBA students already contacted me with interest in joining Viterbi teams • For now, email will be used to foster pairings • Get started early –USC Start-up Weekend • http://usc.startupweekend.org/

  14. More Q & A…

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