Governor’s Cup, Small Business Plan Division, Writing and Pitching Resources
The Oklahoma Business Roundtable will award one scholarship in the amount of $5,000. All students competing in the Governor’s Cup are eligible to apply.
The Paulsen Award Application
Be sure to review the scorecards so you know what the judges will be looking for in your plan.
Small Business Division – Written Business Plan Scorecard
Small Business Division – Oral Presentation Scorecard
For the finalist teams you will need to prepare a 90-second pitch on your company on April 1 as part of your team’s oral presentation. In addition to the team presentations, a representative from each teams also will make a 90-second pitch at the beginning of their oral presentation. This will be scored separately and the winning pitches will be incorporated into the Awards dinner ceremony. More details on this opportunity will be provided. The one winner in each division will receive $1,000 in cash.
90 Second Pitch
Business Advisory Services & Affiliates:
Oklahoma Inventor’s Assistance Service (IAS): The IAS is a non-profit, state-funded service that helps Oklahoma inventors navigate the invention process from idea to the marketplace through education, information, and referrals.
Oklahoma Small Business Development Center (OSBDC): OSBDC’s mission is to ensure that all Oklahomans have access to professional and confidential business counseling, educational workshops, and continuing support throughout their business ventures.
Oklahoma Department of Commerce (OKStartup.com): OKStartup.com is the Oklahoma Department of Commerce’s one-stop resource for entrepreneurial assistance. You can sort out business licensing issues, register your business, find service providers, explore financing options, and more.
Research Wizard: Research Wizard is a unique service of the Tulsa City-County Library System that offers information that is customized to meet business needs and maximize time and profits.
Oklahoma Bioscience Association (OKBio): OKBio is a statewide membership organization exclusively dedicated to the growth of Oklahoma’s bioscience sector.
The State Chamber: The State Chamber of Oklahoma is a private, nonprofit, business-membership organization designed to advocate business needs at the state and federal levels.
Oklahoma Manufacturing Alliance: The Oklahoma Manufacturing Alliance offers technical assistance and business advice, helping companies become progressively more successful through a statewide network of manufacturing extension agents and applications engineers.
The Riata Center for Entrepreneurship – Oklahoma State University: The Riata Center is dedicated to high impact entrepreneurial outreach on Oklahoma State University’s campus, in the region, around the State of Oklahoma, and across America. The Center is intimately engaged with the entrepreneurial community, and strongly committed to creating unique experiential learning opportunities for students.
Center for the Creation of Economic Wealth (CCEW): The Center for the Creation of Economic Wealth at the University of Oklahoma offers opportunities for practical experience to promote the entrepreneurial spirit and assist in developing Oklahoma’s economy.
State & Federal Grant Programs
Oklahoma Applied Research Support (OARS) Grant: The Oklahoma Applied Research Support program helps universities, foundations and businesses fund cutting-edge research that will benefit Oklahoma’s economy. Managed by the Oklahoma Center for the Advancement of Science & Technology (OCAST).
Small Business Innovative Research/Small Business Technology Transfer (SBIR/STTR): SBIR and STTR are competitively awarded federal programs designed to stimulate technological innovation and provide opportunities for small businesses. These federal grant programs are administered by OCAST.
Oklahoma Nanotechnology Applications Project (ONAP): ONAP in partnership with academic, commercialization and economic development resources in the state provides a mechanism to extend financial support and technical services for the application of nanotechnology in Oklahoma’s manufacturing and business community. ONAP is administered by the Oklahoma State Chamber.
Oklahoma’s Economic Development Generating Excellence (EDGE): The EDGE Fund supports technology related scientific research, collaborative public-private partnerships, and the commercialization of scientific discovery. In doing so, it contributes to the growing competitiveness of Oklahoma, it helps accelerate scientific innovation, and it plays a key role in improving Oklahoma’s quality of life.
Oklahoma Health Research Program (OHR): Administered by OCAST, the Oklahoma Health Research Program competitively awards seed funds for research projects related to human health to Oklahoma Universities and colleges, non-profit research foundations and commercial companies in Oklahoma.
i2E Capital Resources
Oklahoma Seed Capital Fund (OSCF): Created in 2007, OSCF is a $7.025 million seed capital fund that provides seed and start-up stage equity financing to small, technology-based Oklahoma companies. OSCF looks and operates like a conventional venture fund with the specific goal of furthering economic activity and success in Oklahoma by bridging the funding gap between personal sources and traditional sources of venture capital.
To be eligible for OSCF an entrepreneur must be in the early stages of commercializing high growth technology. Companies will meet the following criteria:
50 percent of employees and/or assets resident in Oklahoma
Seed or start-up stage
Innovative products and services
Scalable solution that satisfies large markets
Solid financial position with no significant outside debt or other negative conditions
Entrepreneur and other founders are contractually obligated to appropriate financial and/or time commitments
The fund anticipates making up to 10 investments from $250,000 to $700,000 per year in rounds of up to $1 million. The investment will take the form of convertible debt or convertible preferred stock. The fund will syndicate with other capital sources as deemed desirable and appropriate. Co-investment by one or more outside investors will normally be required. The use of funds is based on the company’s submitted business plan.
i2E clients may access advice and guidance from i2E staff and enterprise directors during any stage of the OSCF process, from application to presentation preparation through due diligence. If they are not already, prospective OSCF portfolio companies are encouraged to become clients of i2E.
OCAST Technology Business Finance Program (TBFP): This Proof-of-Concept fund began as the brainchild of the Oklahoma Center for the Advancement of Science and Technology (OCAST) and is funded by the state legislature. This program is unusual in that it specifically late phase Proof-of-Concept and early phase Seed Stage capital needs of high growth businesses. It has been recognized nationally and internationally as a model of best practices.
Approximately 10 awards of $100,000 each are available annually. The award can be used for anything from refining a prototype, to hiring people, to purchasing equipment, to creating marketing materials.
Eligible entrepreneurs must be in the Proof-of-Concept or Early Seed Stage of commercializing an advanced technology. The business must be classified as a small business based on Small Business Administration guidelines with at least 50 percent of the employees or assets located in Oklahoma.
Eligible firms must leverage one dollar for every dollar of financial assistance requested from the program. All awards require a minimum one-to-one match with new cash equity. This cash must be in hand or committed in writing by private investors or lenders to be released coinciding with receipt of program funds.
Funds & Investment Affiliates
Angel Capital Association (ACA): The Angel Capital Association is North America’s Professional alliance of angel groups.
Davis, Tuttle Venture Partners (DTVP): DTVP is a private investment partnership formed to provide emerging growth companies with the necessary long-term development capital, as well as vital management counsel and support.
MetaFund: MetaFund is a collaborative, non-profit, multi-bank-funded, community development, private equity and venture capital firm.
Oklahoma Life Science Fund (OLFS): OLSF invests in promising life science technologies where businesses and management teams can be built. Investment decisions made by the Fund’s limited partners and OLSF will be the first professionally managed money invested.
Oklahoma Venture Forum (OVF): The OVF is a non-profit corporation organized to encourage economic development in Oklahoma.
SeedStep Angels: SeedStep Angels is a formalized group of accredited Angel Investors comprised of successful entrepreneurs and business leaders in Oklahoma who provide investment capital, strategic advice and mentoring to emerging growth companies to help them achieve market leadership. Seedstep Angels is managed by i2E, Inc.
Angel Capital Association (ACA): The Angel Capital Association is North America’s professional alliance of angel groups. The association brings together many of the angel organizations in the United States and Canada to share best practices and collaboration opportunities. ACA provides excellent professional development and discounts on important services for angel investors who belong to member groups, and also serves as the public policy voice of the American angel community.
Angel Capital Education Foundation (ACEF): The ACEF is a nonprofit organization that focuses on assembling research about angel investing, hosting events that will allow for discussion between angel groups and educating those interested in pursuing angel capital with their unique program entitled Power of Angel Investing.
Business Plan Archive: In partnership with the Library of Congress, the Center for History and New Media, and the University of Maryland Libraries, the Archive collects and preserves business plans and related planning documents from the Birth of the Dot Com Era so that future generations will be able to learn from this episode in the history of technology and entrepreneurship.
Entrepreneurship.org: The Ewing Marion Kauffman Foundation and the U.S. Commerce Department’s International Trade Administration (ITA) have formed a new public-private partnership focused on leveraging best practices in entrepreneurial leadership to advance economic growth around the world. The goal of this partnership is to assist all nations in developing the environment to allow entrepreneurs to organize and operate a business venture, create wealth, and employ people.
Innovation America: Innovation America’s mission is to accelerate the growth of the entrepreneurial innovation economy in America.
Kauffman Foundation: The Ewing Marion Kauffman Foundation was established in the mid-1960s by the late entrepreneur and philanthropist Ewing Marion Kauffman. Based in Kansas City, Missouri, the Kauffman Foundation is among the 30 largest foundations in the United States with an asset base of approximately $2 billion.
Microsoft Startup Center: Microsoft Startup Center helps small businesses start off right with an elaborate checklist that guides entrepreneurs through business plan creation, branding, sales, finances and more. Offers on Microsoft products also help to give users a business upper hand.
National Association of Women Business Owners (NAWBO): NAWBO works to strengthen the wealth-creating capacity of its members and promote economic development, create innovative and effective changes in the business culture, build strategic alliances, coalitions and affiliations, and transform public policy and influence opinion makers. They offer many resources including educational activities, business referrals and leadership training.
National Venture Capital Association (NVCA): The NVCA, comprised of more than 400 member firms, is the premier trade association that represents the U.S. venture capital industry. NVCA’s mission is to foster greater understanding of the importance of venture capital to the U.S. economy, and support entrepreneurial activity and innovation. The NVCA represents the public policy interests of the venture capital community, strives to maintain high professional standards, provides reliable industry data, sponsors professional development, and facilitates interaction among its members.
Pricewaterhouse Coopers NVCA MoneyTree Report: The MoneyTree Report is a quarterly study of venture capital investment activity in the United States. A collaboration between PricewaterhouseCoopers and the National Venture Capital Association based upon data from Thomson Reuters, it is the only industry-endorsed research of its kind. The MoneyTree Report is the definitive source of information on emerging companies that receive financing and the venture capital firms that provide it. The study is a staple of the financial community, entrepreneurs, government policymakers and the business press worldwide.
SBIR: The U.S. Small Business Administration (SBA) Office of Technology administers the Small Business Innovation Research (SBIR) Program. Through this competitive program, SBA ensures that the nation’s small, high-tech, innovative businesses are a significant part of the federal government’s research and development efforts. Eleven federal departments participate in the SBIR program. The U.S National Science Foundation administers the SBIR.GOV site on behalf of the federal government.
Small Business Administration: The U.S. Small Business Administration (SBA) was created in 1953 as an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation.
STTR: The U.S. Small Business Administration (SBA) Office of Technology administers the Small Business Technology Transfer (STTR) Program. Through this competitive program, SBA ensures that the nation’s small, high-tech, innovative businesses are a significant part of the federal government’s research and development efforts. Five departments participate in the STTR program.
The Center for Advanced Technology and Innovation: CATI serves as a technology transfer intermediary. CATI helps companies find a purpose for their unused technological assets by linking them with existing and up-start companies searching for solutions to their engineering, design and manufacturing challenges. They also serve as a source of information and inspiration for young businessmen and women looking to utilize the research and development that currently exists within U.S. industry; helping them create new businesses based on that previously unused technology.
The Public Forum Institute: The Public Forum Institute is an independent, nonpartisan, not-for-profit organization committed to developing the most advanced and effective means of fostering public discourse. The Forum tailors projects that advance the exchange of information and ideas by combining issue expertise with advanced program development and communications skills.
|Forms, Scorecards and Applications||The Paulsen Award Application|
|Guidelines||Sample Business Plan|