Competition Prizes and Awards

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Competition Prizes and Awards

******Nationwide USA Tour only – Prizes valued at $100,000******

2018 Women's Global Entrepreneur Conference Competition

Final International Tour Only

Cash Prizes and Awards

In total, more than $2.0 Million in cash and in-kind prizes will be awarded to the winning individuals.

WGEC Tour membership registration fee ($199 until October 11th and $399 on or after October 12th) will include quarterly entrepreneur training sessions ($2,000 value).

WGEC – Finalist Prizes

1. Grand Prize (1st Place Individual): Total Grand Prize Value of $1,000,000
✓ Quarterly payment over a two year period
✓ In-kind Awards
✓ One year of Incubation Services via WGEC ($35,000 value)
✓ Branding Design & Marketing Communications from WGEC ($25,000 value)
✓ One year of free mobile website development from Thrive pod ($499 value)
✓ Business Mentoring from WGEC Advisors ($2,000 value)

2. Second Place Individual: Total Prize Value of $500,000
✓ Quarterly payment over a two year period
✓ In-kind Awards
✓ One year of Incubation Services at via WGEC Tour ($35,000 value)*
✓ Business Mentoring from WGEC Advisors ($2,000 value)

3. Third Place Individual: Total Prize Value of $100,000
✓ Quarterly payment over a two year period
✓ In-kind Awards
✓ Business Mentoring from WGEC Advisors ($2,000 value)

* See official competition rules for qualifying criteria.

WGEC –Special Category Prizes

1. Earth/Space Life Science Prizes ($20,000): This prize was designed for the best Technology
Company that has applicability to the space program with some type application on Earth in the area
of life sciences.

2. Social Impact Venture Prize ($20,000): The prize will be rewarded to the best business plan for
a Social Impact Venture to encourage business leaders to develop sustainable enterprises which
contribute to the social good and positively impact society, in addition to generating a financial
profit. Categories of “social impact value” include, but are not limited to energy, healthcare,
food, water, housing, and education.

3. Women's Health and Wellness Innovations Award ($20,000): The Women’s Health and Wellness
Innovation Award was designed to reward the plan that best furthers the cause of specialized
diagnosis, treatments and/or other innovations that assist women in leading longer, healthier, and
more satisfying lives.

4. “Think Green” Investment Prize ($20,000): This prize will be rewarded to the individual with the
best “Think Green” Technology business plan.

5. Clean Technology Innovation Prize ($20,000): The Clean Technology Innovation prize is intended
to encourage business and technology solutions for cleaner power, transportation and water.

6. Courageous Women Entrepreneur Award ($20,000): This prize was created for the best business
plan for women-led business which involves courage in order to fulfill.

7. Space Innovation Prize ($20,000): This prize is designed for the best business plan related to
space innovation to encourage the identification and development of new breakthrough technologies.

8. Social Impact Venture Award ($20,000): This prize will be awarded to the plan that best furthers
education and mentoring for the social venture on the unique aspects of social entrepreneurship, as
well as the challenges and opportunities it offers.

Special Cash Award Categories

Spirit of Entrepreneurship Award ($3,000): Best Plan Demonstrating the Spirit of Entrepreneurship

Helping Hand Prize ($5,000): Entrepreneur with promising plans to promote assisting low income families or communities advance.

Sales & Marketing Plan Award ($3,000): Best Sales & Marketing Plan

Health Ventures ($3,000): Best Life Science Business Plan

Energy Ventures Energy Award ($5,000): Best Energy Business Plan

Outstanding Award ($3,000): Best Written Business Plan

Elevator Pitch Competition:
✓ First Place: $2,000
✓ Second Place: $1,000
✓ Third Place: $800
✓ Fourth Place: $700
✓ Fifth Place: $500

Note: All individuals are eligible for, and compete for, all of the Elevator Pitch cash awards.

WGEC TOUR
Invitation-only opportunities for your startup to set aside a few days and conduct critical and
strategic thinking about your venture with assigned mentors and coaches who are accomplished
entrepreneurs in your industry. These workshops are for company founders who have committed to
start a company around their technology.

Description of Individual Prizes: Individuals can win prizes in four ways.

1. The top three individuals overall will win the competition and receive the Grand Prize, Second Place and Third Place prizes.

2. Eight individuals will win the Special Category Prizes.

3. Six individuals will win the Special Cash Award Categories.

4. Elevator Pitch Competition: All individuals are eligible to compete in the Elevator Pitch Competition. The top five winners of the Elevator Pitch Competition will win cash prizes.

All prizes will be announced at the Awards Banquet. All individuals must be present to win any cash prizes.

Description of In-kind Prizes and Conditions:

WGEC Incubation Award: the two winners will receive incubations services for up to one year (or a value of $35,000, whichever comes sooner).

Conditions are as follows:
1. The company must be have or applying for all federal, State and Local licenses, and;
2. The company must accept and begin using their WGEC Incubation Award no later than 6 months after the final competition.

The WGEC award will consist of client coaching and mentoring services as a WGEC Tour Client for one year.

WGEC Tour is a non-profit 501(C)(3) corporation. WGEC Tour helps entrepreneurs grow their businesses by providing them with in-depth business guidance and access to capital and professional services.

The Grand Prize winner will receive the website package with a value of $30,000. Website services may include:
✓ Webmail (included)
✓ Design
✓ E-mail Blast/Newsletter
✓ News and Press releases
✓ Calendar
✓ Shopping cart
✓ Integration and project management
✓ Hosting for one year

The complimentary 1-year website for the Grand Prize winner must be utilized within the first 12 months following the competition. At the end of this period, finalists must pay for any ongoing web services.

The Grand Prize Winner will receive branding design and marketing communications services from thrive pod. Services provided include:
✓ Brand design & positioning strategy
✓ Pricing strategy
✓ Distribution strategy
✓ Advertising and promotion
✓ Sales strategy
✓ Sales and marketing forecasts
The winner of this award will be determined by members the WGEC Tour.

General Criteria at the Women's Global Entrepreneur Conference Competition
Judges are asked to evaluate the individuals in terms of the investment opportunity, and to vote for the individual where they would invest their money (as an early-stage venture capital or investor).

Judges will consider several factors including:
✓ Is there a real need? What problem is being solved?
✓ Is the market big? Will customers pay for this?
✓ Is there sustainable, significant differentiation?
✓ What is the technology risk?
✓ Is there IP (patents)?
✓ Exclusive license or high probability of license?
✓ Good management individual? Are gaps understood?
✓ Are the timelines, milestones, capital needs and financial realistic?
✓ Is there a probable exit in 5-7 years?
✓ Is there a 10x, 20x, 30x potential return?
✓ Are (at least some of the) individual members committed 100% to launch this business?
✓ Is there some evidence the technology works?
✓ Is this more than a concept/research project?
✓ Is there some evidence there is market?
✓ Does the individual understand the market, technology, competition, industry?
✓ Does the individual understand most of the gaps in their individual and knowledge?
✓ Is the individual coachable?

Intellectual Property
✓ By competing in the Women's Global Entrepreneur Conference Competition, all individuals warrant that:
✓ They have access to, or expect to have access to the technologies and IP that form the basis of their plans (e.g., they expect to be able to secure a license for their technology).
✓ The owner of the IP is aware they are competing at the Women's Global Entrepreneur Conference Competition.
✓ They are not misrepresenting the technology (to the best of their knowledge).

Competition Rules, Prizes, and Decisions:
✓ By competing at the WGEC, individuals acknowledge their understanding that:
✓ Although not anticipated, competition rules and prizes may change or be altered at any time.
✓ This is a competition with judges who may have independent views on evaluating competitors, and that decisions and evaluations of individuals is up to the judges and is final.
✓ If an individual is found in violation of a competition rule, the individual may be disqualified at any time (including after prizes have announced).

WGEC Advisors: The top three individuals will receive business mentoring and consulting from WGEC Advisors. This coaching will include three sessions with each of the three individuals.

The following conditions apply:
✓ Services will be available to the top three winning individuals for up to 12 months from the date of the competition. The three sessions with each individual would need to be completed within this 12-month period. (The offer will expire within 12 months, even if the individual had not taken advantage of these services.)
✓ Services will be provided in Hartford, CT. The winning individuals will need to travel to Hartford, CT otherwise these services will be provided via teleconference. (No travel will be required on the part of the WGEC Advisors group.)

Note: Delivery of all in-kind prizes is the responsibility of the supplier and not the WGEC Tour. While not anticipated, in-kind service providers may alter, discontinue, or withdraw their in-kind  services at any time.

The Grand Prize winner should contact WGEC Tour by 30 days after the competition to initiate the discussions and due diligence to be able to execute the agreement.

The following conditions exist on this award:
✓ To receive the Grand prize, the business of the winning individual must be formed as a legal entity (the “company”) and the individual must be committed in good faith to launching the company on a full-time basis.
✓ The cash prize will be provided to the company upon signing of the agreement by both parties. If for any reason, the winning company has not launched their company by 90 days after the competition, then the prize will be voided.

Funding may be provided in quarterly payments, based on company meeting certain milestones. WGEC Tour reserves the right to perform more due diligence on the selected company after the competition (background checks, confirmation of business license, IP check, etc.). Further, WGEC Tour reserves the right to NOT execute and NOT provide remaining funding to the winning company if issues are uncovered during the due diligence process.

DETAIL INFORMATION FOR SPECIAL CATEGORY PRIZES

WGEC Earth/Space Life Science Innovation Cash Award ($20,000): An individual will win a $20,000 cash prize for the best technology company that has applicability to the space program (with some type of application on Earth) in the area of life sciences.

Examples are technology innovations that address:
✓ Bone loss and osteoporosis
✓ Cardiovascular alterations and cardiac problems
✓ Sleep problems, human performance factors and chronobiology (biorhythms)
✓ Radiation effects
✓ Muscle changes and muscular atrophy
✓ Neurobehavioral and psychosocial factors
✓ Nutrition, physical fitness and rehabilitation
✓ Neurovestibular adaptation (inner ear and balance)
✓ Smart medical devices: remote medical care / telemedicine
✓ Technology development; transportable diagnostic devices, minimally or non-invasive tools and low- power/self-powered device
✓ Biomedical and environmental health technologies
✓ Human factors engineering, habitability design and human-robotics interaction technologies

Social Impact Venture Award ($20,000): This will be awarded to the best triple bottom line business plan idea (People, Planet, Profit) in the area of Social Entrepreneurship. WGEC Social Venture Award to be presented to the individual that presents the best business plan for a Social Impact Venture. The Social Impact Venture Award is provided to encourage business leaders to develop sustainable enterprises which contribute to the social good and positively impact society, in addition to generating a financial profit. This award recognizes the best new business idea that addresses critical social issues and also generates a financial return.

Categories of “social impact value” include, but are not limited to energy, healthcare, food, Water, housing, and education:
✓ Making healthcare available for underdeveloped or underserved populations
✓ Enabling affordable, effective education for disadvantaged or underserved populations
✓ Creating equal opportunities for women in health, education, business and/or politics
✓ Producing clean energy or alternative energy (to reduce carbon emissions, greenhouse gases,
✓ Etc.)
✓ Supplying energy (or light or heat, etc.) to underdeveloped or underserved populations
✓ Improving food production or distribution
✓ Creating clean water systems

✓ Making low-cost housing available
✓ Enabling affordable, effective education for disadvantaged or underdeveloped individuals

Women's Health and Wellness Innovations Award ($20,000): Medicine has advanced much in near past, yet in some respects Women’s Health is still treated as outgrowths of other medical and clinical fields and not as its own specialty. Recent societal developments have shown that this field has not received the specialized development it deserves, and needs faster, more accurate and less invasive means for diagnosis and treatment. This prize will be given to a plan, or plans that best further the cause of specialized diagnosis, treatments or other innovations that let women lead longer, healthier, and more satisfying lives. Made for women with a woman in mind.

$20,000 “Think Green” Investment Prize
Think Green Investment prize will serve as a seed investment in the individual that has the best business plan in the area of clean technologies (as defined by WGEC Tour). The business scope of the individuals that would qualify for this award would be determined by WGEC Tour but is expected to include the following:
✓ Biofuels
✓ Biomaterials
✓ Clean water
✓ Waste to Energy
✓ Recycling and re-use
✓ Other areas

$20,000 Prize for Clean Tech Innovation
This prize will serve as a seed investment in the individual that has the best business plan in the area of clean technologies. The business scope of the individuals that would qualify for this award is expected to include business plans for the commercialization of technologies that provide:
✓ Clean energy production
✓ Clean water
✓ CO2 reduction
✓ Improved energy efficiency (reduced consumption)
✓ Advantages in the extraction, production and consumption of energy and resources in general
These technologies might include (but are not limited to):
✓ Biofuels
✓ Solar energy
✓ Wind energy

✓ Thermal energy
✓ Smart grid technologies
✓ Fuel cell technologies
✓ Waste to energy
✓ Recycling and re-use
✓ Materials innovations
✓ Energy Storage
✓ Power Electronics
✓ Other areas consistent with advantages in the extraction, production and consumption of energy and resources in general. All terms and conditions will be established between the two parties: WGEC Tour and the winning individual.

$20,000 Courageous Women Entrepreneurs Award
The WGEC Tour will award a woman who has an outstanding business plan to start-up a new venture which will require risk and courage to fulfill.

$20,000 Space Innovation Prize awards
Overview: Space Innovation Prize awards the Best business plan related to space innovation a $20,000 cash prize.

The award encourages the identification and development of new breakthrough technologies and business models in the space market or market creation to realize this value. The award will go to the individual that is judged to have the best business plan that supports the space market by addressing a need in technology, service or product for the for sub-orbit, Earth orbit, or the moon exploration.

Example areas of the space market:
✓ Sub-orbital
✓ Microgravity Entertainment/Tourism Flights (using sub-orbital reusable launch vehicles)
✓ Earth Orbit
✓ Space Taxi (Earth to Orbit Space Transportation)
✓ Microgravity Research
✓ Servicing of Satellites
✓ Moon & Beyond
✓ Space Tourism
✓ Participatory Exploration, Media
✓ Transportation to & from the Lunar Surface
✓ Power Delivery Service
✓ Food and Water Innovations (e.g. growth, acquisition, disposal, and/or reuse)
✓ Medical Support Services
✓ Space Suits and Personnel Systems Judges Evaluation Criteria

In order to be eligible for this award, the individual must create a section within their business plan explaining the engineering technology’s connection to space-based applications. All sections of the business plan will be considered by the judging panel of this award.

The winner of this award will be determined using the following criteria:
✓ Technical Value: The value of the technology in the Earth and Space application in the challenges specified above and the ability to realize this value.
✓ Commercialization: Description of market, competitive analysis, needs identification, unique capabilities, and clear to-market strategy.

The objective of the award is to encourage the development and the identification of new breakthrough technologies and/or business models to deal with these challenges.

Individuals must meet all of the other general eligibility requirements of the Women's Global Entrepreneur Conference Competition to enter the Competition and compete for this award. The award winner will be selected by the WGEC TOUR.

$20,000 Social Impact Venture Award
Overview: The $10,000 Social Impact Venture Award is a cash prize that will be awarded to the individual that presents the best business plan for a Social Impact Venture at the 2013 Women's Global Entrepreneur Conference Competition. The top two finishers in the Social Venture flight in the First Round will also be eligible for and will compete in the Semi-Finals for the overall awards.

The purpose of this award is to encourage business leaders to develop enterprises which contribut to the social good and contribute to society, in addition to generating a financial profit. This award recognizes the best new business ideas that create and measure both social and financial returns.

This business can be for-profit or not-for-profit. In either case, they are expected to be sustainable businesses, in the sense that they ultimately generate positive cash flows on a longer-term basis.

Categories of “social value” include, but are not limited to energy, healthcare, food, water, housing, and education:
✓ Making healthcare available for underdeveloped or underserved populations
✓ Clean energy or alternative energy (to reduce carbon emissions, greenhouse gases, etc.)
✓ Making energy (or light or heat, etc.) available for underdeveloped or underserved populations
✓ Making food available
✓ Making clean water
✓ Making low-cost housing available

✓ Making affordable, effective education available to disadvantaged individuals

Examples could include businesses that provide:
✓ Low-cost medical care or access to drugs for individuals in under-developed countries
✓ Microfinance for developing countries
✓ Environmentally-friendly, low-cost power generation to areas not served by the electricity grid
✓ New sources of agricultural income to under-employed areas
✓ Renewable energy from food waste
✓ Medical care for rural, remote villages
✓ Widespread vaccine distribution via portable, temperature controlled storage units
✓ Low-cost water filtration
✓ Alternative fuels to reduce carbon emissions and/or reduce global warming
✓ Innovation K-12 education for disadvantaged students

Every competing individual should describe their company’s social impact in both qualitative and quantitative terms, and where possible, estimating the social benefit in financial terms. The individual should indicate the key metrics that the company will utilize to track their company’s progress toward their goals (both in financial and non-financial terms).

Criteria for selection:
1. Individuals should demonstrate that they have an outstanding business plan in all areas typically expected by an outside investor, including:
✓ Sizable market opportunity
✓ Unique value proposition; unique products and services
✓ Sound business model
✓ Strong management individual
✓ Scalable model, ability to grow
✓ Sustainable financial performance, include a positive cash flow on a long-term basis

2. In addition, individuals competing for the Social Impact Venture Award should demonstrate the greatest social impact of their venture, in terms of both:
✓ Qualitative impact
✓ Quantitative impact

3. Individuals must demonstrate that their business plan is sustainable from a cash flow perspective. While the business may require an initial investment to establish operations, it is expected that the enterprise would ultimately generate a breakeven or positive cash flow longer term.

4. However, unlike a traditional venture capital investment evaluation, the LEVEL of return provided to outside investors will not be the primary factor for evaluating and ranking competitors.

5. Non-profit ventures are eligible to compete assuming they meet other criteria.

General Criteria for Social Venture Individuals’ Inclusion in the Competition:
1. Individuals must meet the general criteria for the Women's Global Entrepreneur Conference
Competition, including:
✓ Must develop a business plan for a new venture
✓ Must not have had any revenue or significant outside funding