BoomStartup & Salt Lake City enters the race to develop commercial ventures in outer space with a Business Model Canvas Competition (BMC), fully focused in aerospace and space‐scalable business startups. The NewSpace Salt Lake City BMC will be held from 5:00 to 8:00 on March 8th, at Impact Hub Salt Lake, a local high-tech incubator in downtown Salt Lake City. Submissions will be accepted from February 8th until March 2nd. Contestants will compete in a “shark-tank” style event, each having 15 minutes to present their business model canvas and answer questions before a panel of judges. The winner of the NewSpace Salt Lake City BMC will receive a $2,500 cash prize and a guaranteed place in the national NewSpace Business Plan Competition, to be held at a to be determined date and location later this year.
All entries must be submitted through BoomStartup’s Online platform. (Indicate NewSpace BMC as the reason for your application)
In addition, to the pitch competition this event, will include an introduction to the recently launched Newspace.vc as well as a conversation with local SpaceTech founders. Join us as we explore the latest industry trends in the Commercialization of Space.
This event is organized by BoomStartup in partnership with the Center for Space Commerce and Finance, Heinlein Prize Trust, and NewSpace.vc. The competition in Salt Lake City is one of several regional qualifying events for the national NewSpace Business Plan Competition organized by the Center for Space Commerce and Finance. The national BPC will include the winners from regional events across the US.
1st place regional prize: $2,500 and a guaranteed place in the national NewSpace BPC, including a private, two-day Boot Camp session to prepare their pitch to investors in the national competition at the New Worlds Institute’s annual New Worlds Conference.
Previous national NewSpace BPCs have awarded Grand Prizes up to $100,000, second prizes up to $25,000, and smaller sponsored prizes.
Your business model canvas should include all sections as outlined below. See the FREE Steve Blank course “How To Build A Startup” for guidelines.
Your Business Model Canvas & Pitch, must be uploaded as ONE (1) file in PDF format.
Your submission must contain the following:
Completed Business Model Canvas
10 Slide Deck, including
0. Cover incl. tagline and contact info
4. Business model: value proposition / unfair advantage
5. Traction: Revenue, Customer Validation
6. Market size (TAM, SAM, SOM)
7. Distribution: Go-To-Market Strategy
9. Financial forecast including SaaS metrics CAC, LTV, Churn %, use of proceeds
Business Model Canvas & Pitch Deck must be uploaded to your BoomStartup Online profile under My Documents by 5 p.m. March 2, 2017.
The selected startups will be announced on March 6, 2016.
Can’t wait to see you there!