To apply to the BMC Global Final Online Round, you need to fill out the submission form on the Apply Now page.
In order to complete the submission form you will need to do the following:
1) Create a 5-8 minute video presentation describing the customer discovery and validation you have been through with your idea and business model. You may use PowerPoint, Keynote, Prezi or any other presentation software. The presentation needs to be narrated and saved as a video file. See "Presentation Video Creation Tools" section below for help doing this.
2) Upload your video to YouTube (if you want to keep your video hidden mark it as "unlisted" NOT "private," only someone logged into your account can watch your videos marked private).
3) Indicate that your team understands and agrees to the items outlined in the Certifications and Agreements Form. This form is also included in the appendix of the Rules & Info Packet.
In order to complete the submission form you will need to do the following:
1) Create a 5-8 minute video presentation describing the customer discovery and validation you have been through with your idea and business model. You may use PowerPoint, Keynote, Prezi or any other presentation software. The presentation needs to be narrated and saved as a video file. See "Presentation Video Creation Tools" section below for help doing this.
2) Upload your video to YouTube (if you want to keep your video hidden mark it as "unlisted" NOT "private," only someone logged into your account can watch your videos marked private).
3) Indicate that your team understands and agrees to the items outlined in the Certifications and Agreements Form. This form is also included in the appendix of the Rules & Info Packet.
Submission Examples
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Thrive (2nd Place - 2019), Brigham Young University
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Beasc Technologies (1st Place - 2018), NCU Jamaica
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Veritas Medical (1st Place - 2014), University of Utah
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Submission Format
Remember that the BMC Global Final rewards student entrepreneurs for:
1) Identifying and tracking key business model hypotheses (use a canvas)
2) Testing and validating those hypotheses with customers-- getting outside the building
3) Pivoting and iterating their business model based on customer interactions and feedback
Submissions for the competition should focus on the process entrepreneurs undertake as they test their most crucial hypotheses with customers and develop validated business models. The goal is to show validated learning about the key business model hypotheses.
Remember that failing early is a success compared to failing late!
Although there is not one format for successful submission videos, we suggest that videos contain the following components:
Title Slide
Who are you and what does the business do (pain and solution)?
Hypothesis Slides
What were your initial hypotheses? Did you identify a customer problem? What were the key hypotheses about the business model? Remember some of your most important hypotheses are about customer pain and your solution to that pain.
Test Slides
How did you test these hypotheses?
What specific tests did you conduct? How many and what types of people did you interact with?
Result Slides
What did you discover? What facts were uncovered? What facts remain to be uncovered? One of the major purposes of the competition is to see if you have truly NAILED THE PAIN—but what data do you have? How were your initial assumptions proved right or wrong? What pivots if any did you make?
Lessons Learned
Be sure to communicate the lessons learned from your testing.
Appendices
Appendices should be included only when they support the body of the model. These additional slides need to be available for giving context and for answering questions judges might have. Because judges might not read all the material in the appendices, the body of the model must contain all information pertinent to the model.
1) Identifying and tracking key business model hypotheses (use a canvas)
2) Testing and validating those hypotheses with customers-- getting outside the building
3) Pivoting and iterating their business model based on customer interactions and feedback
Submissions for the competition should focus on the process entrepreneurs undertake as they test their most crucial hypotheses with customers and develop validated business models. The goal is to show validated learning about the key business model hypotheses.
Remember that failing early is a success compared to failing late!
Although there is not one format for successful submission videos, we suggest that videos contain the following components:
Title Slide
Who are you and what does the business do (pain and solution)?
Hypothesis Slides
What were your initial hypotheses? Did you identify a customer problem? What were the key hypotheses about the business model? Remember some of your most important hypotheses are about customer pain and your solution to that pain.
Test Slides
How did you test these hypotheses?
What specific tests did you conduct? How many and what types of people did you interact with?
Result Slides
What did you discover? What facts were uncovered? What facts remain to be uncovered? One of the major purposes of the competition is to see if you have truly NAILED THE PAIN—but what data do you have? How were your initial assumptions proved right or wrong? What pivots if any did you make?
Lessons Learned
Be sure to communicate the lessons learned from your testing.
Appendices
Appendices should be included only when they support the body of the model. These additional slides need to be available for giving context and for answering questions judges might have. Because judges might not read all the material in the appendices, the body of the model must contain all information pertinent to the model.
Submission Video Creation Tools
The following are three options for creating your video submission. Another great option to consider beyond these three is Adobe Spark Video.
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PowerPoint or Keynote
One way to make your video is to use the software you are using to create your presentation. Below are links to pages with step-by-step instructions based on your software. PowerPoint 2010 | PowerPoint 2013 | Keynote |
Screencast-O-Matic
A simple, easy to use software that allows you to quickly record your screen and audio. This free tool allows you to upload the resulting video straight to YouTube. This is a good option if you are using Prezi. |
Camtasia or ScreenFlow
More advanced screen recording and video editing software that can produce more professional videos. Free trials are offered. Camtasia can be used by both Windows and Mac while ScreenFlow is only for Mac. |
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